AMERICAN IMPERIALISM 1890 1919
THE SPANISH AMERICAN WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The cost for buying a car rose dramatically because the demand for them increased.
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As the time required to produce a car decreased, the price to purchase a car also decreased.
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Employees were forced to use voluntary exchange to trade their labor for cheap goods and services.
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Many people lost their job because they did not have the education required to work on the assembly line.
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Detailed explanation-1: -An important outcome of the moving assembly line was the drop in price for the Model T. In 1908, the car sold for $825 and by 1925 it only sold for only $260, making the car more affordable to individuals everywhere.
Detailed explanation-2: -On December 1, 1913, Henry Ford installs the first moving assembly line for the mass production of an entire automobile. His innovation reduced the time it took to build a car from more than 12 hours to one hour and 33 minutes.
Detailed explanation-3: -Ford introduced several innovations to the car industry, including the moving assembly line method of production, which had a major impact on vehicle manufacturing as well as the American economy more broadly.
Detailed explanation-4: -Henry Ford added the idea of an assembly line to his theory of scientific management. He had the mainframe built first, then it moved down the line to assemble more individualized parts. Finally, raw materials were added and smaller parts that actually required assembly were added to the automobile.