United Automotive Electric Co. - Circa 1920's Electric Automotive Unissued Stock Certificate
Inv# AS1373 Stock
Unissued Stock. Development of the automobile started in 1672 with the invention of the first steam-powered vehicle, which led to the creation of the first steam-powered automobile capable of human transportation, built by Nicolas-Joseph Cugnot in 1769. Inventors began to branch out at the start of the 19th century, creating the de Rivaz engine, one of the first internal combustion engines, and an early electric motor. Samuel Brown later tested the first industrially applied internal combustion engine in 1826.
Development was hindered in the mid-19th century by a backlash against large vehicles, yet progress continued on some internal combustion engines. The engine evolved as engineers created two- and four-cycle combustion engines and began using gasoline as fuel. The first modern car—a practical, marketable automobile for everyday use—and the first car put into series production appeared in 1886, when Carl Benz developed a gasoline-powered automobile and made several identical copies. Later automobile production was marked by the Ford Model T, created by the Ford Motor Company in 1908, which became the first automobile to be mass-produced on a moving assembly line. Read more at https://en.wikipedia.org/wiki/History_of_the_automobile
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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