USA HISTORY

Detailed explanation-1: -Ford’s innovation lay in his use of mass production to manufacture automobiles. He revolutionized industrial work by perfecting the assembly line, which enabled him to lower the Model T’s price from $850 in 1908 to $300 in 1924, making car ownership a real possibility for a large share of the population.

Detailed explanation-2: -The 1920s is the decade when America’s economy grew 42%. 1 Mass production spread new consumer goods into every household. The modern auto and airline industries were born. The U.S. victory in World War I gave the country its first experience of being a global power.

Detailed explanation-3: -What made this assembly line unique was the movement element. Henry Ford famously remarked that the use of the moving assembly line allowed for the work to be taken to workers rather than the worker moving to and around the vehicle. The vehicle began to be pulled down the line and built step-by-step.

Detailed explanation-4: -The rapid expansion of the automobile industry created jobs throughout the country and played a large role in sustaining the economic prosperity of the 1920s. In 1929, at the peak of the decade’s economic boom, there were more than 330, 000 people employed at automobile dealerships in the country.

Detailed explanation-5: -The advances meant goods were produced in huge numbers and therefore more cheaply. For example, the price of cars dropped from $940 in 1920 to $290 in 1929. Henry Ford pioneered mass production techniques in the car industry. His aim was to produce affordable cars for the public by using new technology.