THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bootlegging
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Speakeasy
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Assembly Line
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The Teapot Dome Scandal
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Detailed explanation-1: -Henry Ford While Ford was not the inventor of the motor car, he is credited with developing mass production techniques, such as the assembly line, which have helped reduce production costs. Instead of manufacturing a few units a month, Ford’s plants could complete hundreds of cars per day.
Detailed explanation-2: -The assembly line sped up the manufacturing process dramatically. It allowed factories to churn out products at a remarkable rate, and also managed to reduce labor hours necessary to complete a product-benefiting many workers who used to spend 10 to 12 hours a day in the factory trying to meet quotas.
Detailed explanation-3: -By mechanically moving the parts to the assembly work and moving the semi-finished assembly from work station to work station, a finished product can be assembled faster and with less labor than by having workers carry parts to a stationary piece for assembly.
Detailed explanation-4: -Society was also impacted by Henry Ford Assembly Line in many positive ways, like creating many more jobs for the low skilled workers. Profit-sharing payments to keep workers at the plant and increase wages to a $5 workday. Increased productivity and efficiency resulted in a reduction in costs of the product.