Henry's Fordlandia Flop
August 21, 2006 5:38 AM
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In
the 1930's,
Henry Ford transplanted
a tiny piece of America—complete with picket fences, fire hydrants, poetry readings, square-dancing, and English-language sing-alongs—into the Amazon rain forest.
Fordlândia was to be the largest
rubber tree plantation on the planet (over 70 million rubber tree seedlings) providing
material for the millions of tires
Ford Motor Company needed. It flopped. So he tried again, downriver a bit, with
Belterra. It flopped, too. By 1945, Ford threw in the towel having lost over $20 million, or roughly $200 million in modern dollars.
posted by CodeBaloo (10 comments total)
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posted by delmoi at 7:01 AM on August 21, 2006