Economic Factoid

At the turn of the 20th century, the automobile appeared and also underwent a rapid evolution, proliferation and partial extinction. In 1903 alone 57 automobile companies came into existence and 27 went bankrupt. Today there are fewer than two dozen major car companies in the entire world. The rest, from the Stanley Steamer to the Henry T, have all gone extinct.

From The Man Who Saved Cadillac

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