Donald F. Davis,
In Detroit, 1910 in Journal of Social Hislory (Fall 1982),
Carnegie-Mellon University, Pittsburgh,
Pa. 15213.
In the 1980s, the U.S. auto industry's woes appear to be strictly a mat- ter of markets, competition, and interest rates. According to Davis, a University of Ottawa historian, the first upheaval in Detroit was caused not economics but by the snobbery of some auto-makers.
Spurred by the success of Samuel Smith's Olds Motor Works, which paid annual dividends of 105 percent...