THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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David Bentley
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Wilhelm Maybach
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Henry Ford
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None of the above
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Detailed explanation-1: -Once a luxury item, cars became within reach for many more consumers as automobile manufacturers began to mass produce automobiles. The most significant innovation of this era was Henry Ford’s Model T Ford, which made car ownership available to the average American.
Detailed explanation-2: -In January 1914, Henry Ford started paying his auto workers a remarkable $5 a day. Doubling the average wage helped ensure a stable workforce and likely boosted sales since the workers could now afford to buy the cars they were making. It laid the foundation for an economy driven by consumer demand.
Detailed explanation-3: -Not only did Henry Ford increase the wages of his employees, but he also decreased the number of hours they were responsible for working. Henry Ford decreased the shifts by one hour and gave employees higher wages. The shift length decrease allowed Ford to create a third shift and hire more workers.
Detailed explanation-4: -In 1913, Ford launched the first moving assembly line for the mass production of the automobile. This new technique decreased the amount of time it took to build a car from 12 hours to two and a half, which in turn lowered the cost of the Model T from $850 in 1908 to $310 by 1926 for a much-improved model.
Detailed explanation-5: -Henry Ford’s Model T was a car for the masses. After considerable experimentation, Ford Motor perfected a mass production system that converted the vast majority of jobs in the factory into routine tasks. It pioneered the moving assembly line, and it pursued processes that became increasingly integrated and mechanized.