Henry Ford’s Model T and the Assembly Line
Notes:
- Begins selling in 1915 for 440$
- By 1925 a record 9109 cars are made in one day. The lowest prices is 290$
- 15 million made by 1927
- Most of the manufacturing is done in Detroit
- Introduction of the Assembly line and factories increases output
SUMMARY :
The Assembly Line created by Henry Fords was a way to increase supply but when the supply is high it would exceed the demand that would make the price low to and vice versa if supply low demand/ price increase.
Quotes:
If everyone is moving forward together, then success takes care of itself.
Henry Ford
Henry Ford
Subjunctive questions:
Had the assembly line not been made would it have reduced the amount of pollution in the world at that time?