The year was 1940. Seeing that war might be imminent, President Roosevelt approached the president of General Motors. Wartime conversion was the issue. To become an “arsenal of democracy,” how could we produce planes instead of Pontiacs? With GM’s president…
At some point, sooner or later, people get tired of black. During the 1920s, Henry Ford realized that the Model T, so very practical and affordable because it only came in black, needed some vitality. What forced him to recognize…
When you have extra income, what do you buy? In China, the more affluent consumer is buying dogs, Coach handbags, and cars. Banned in Beijing in 1983, only recently, the dog has returned as a new “best friend.” A stress…
A question: How are a little Sunshine and the U.S. taxpayer similar? The answer: Both are helping General Motors grow. The Wuling Sunshine is the most popular car in China. Manufactured by General Motors with 2 Chinese partners, it is…
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
