Henry Ford and Assembly Lines
- Henry Ford’s Model T and the Assembly Line
- Huge breakthrough
- Begins selling in 1915 for 440 $
- By 1925 a record 9109 cars are made in one day. The lowest prices is 290
- Supply and demand
- Lots of supply, price goes down
- High demand for supply, price will go up. (Natural phenomenon in business)
- 15 million made by 1927
- “Car in every garage”
- Most of the manufacturing is done in Detroit known as the Motor City
- Needed more gas stations, more services for cars, more parking lots... etc
- People are able to live further away from work because they can get from point A to B with car
- Introduction of the assembly line and factories output
- With specific jobs comes a person with specific and efficient skills
- Massive advance- Americans were the first to pick up on this
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Summary: Henry Ford was the creator of the Model T which at this time was the most popular car in America during the 1920's. The assembly line was what allowed the mass production of the car.