In 1903 when automobiles cost approximately $2,000, making them a luxury affordable only by the wealthy, he determined to build a car for the masses. The Ford Model T was by far the most popular car in the 1920s. I would guess a Model T would return about 25mpg trundling along - but that's not the same as an EPA real-world estimated figure. Lasting Impact on Modern Life. More than 15 million Model Ts were built in Detroit and Highland Park, Michigan. Not 15 years later, in 1914, 1.7 million cars were sold. Few inventions have had as profound an impact on the world as the car. Even at 40% of the cost of other cars on the market, the $650 price tag was more than the annual income of a middle class family. It was an invention that has not only change the way people lived, it’s influenced business and the economy in ways no one could have foreseen when Henry Ford put together a mass production operation for his Model T. Ford’s Model T was able to reach a speed of 25 mph with a 22 horsepower engine, with a gas efficiency of ten to twelve miles per gallon. On October 1, 1908, the first production Model T Ford is completed at the company’s Piquette Avenue plant in Detroit. Trundle along in a modern car - even a gas-guzzling V8 - … Car collectors and enthusiasts today are still excited about the Model T. Historians write about its impact on our modern life. Changes that were made in the manufacturing process lowered the cost to the point where the average American could own a vehicle. If you ever wonder why it was such a big deal, just imagine your life without your car. How FordÆs Model T Changed American Society. Model T, automobile built by the Ford Motor Company from 1908 until 1927. Henry Ford is rightly regarded as an icon of American society. On December 18, 1999, the Ford Model T was named the “Car of the Century” by a panel of 133 automotive journalists and experts. Although concept automobiles were already being built in the late 1800s, it was only in the early 20th century, with the invention of the Ford Model-T, that cars really made an impact on the transportation market. Ford’s main goal with his assembly line was to make sure that the Model T would be available to a majority of the public. Conceived by Henry Ford as practical, affordable transportation for the common man, it quickly became prized for its low cost, durability, versatility, and ease of maintenance. They began with a list of 700 candidates in 1996. In 1908 Henry Ford announced plans for his Model T. (Social … Circa 1900, less than 1000 cars were manufactured in the US. "This system used conveyer belts to move parts and partly assembled cars from one group of workers to another." To reduce to the time of making the Model T, Ford introduced the moving assembly line. 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