THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How did Henry Ford dramatically reduce the price of automobiles?
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by designing a moving assembly line
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by reducing worker pay
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by building multiple car models
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by minimizing production numbers
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Explanation:
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: -Henry Ford adopted the concept of an assembly line to produce automobiles. He realised that the ‘assembly line’ method would allow a faster and cheaper way of producing vehicles.
Detailed explanation-3: -The moving assembly line created the mass-production process, which influenced the “machine age.” It also enabled Ford to steadily decrease the price of the Model T. In 1908, the first Model Ts sold for $825. By 1925, the vehicles sold for only $260.
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