Unit 16 Lesson 2: A Bomming Economy Flashcards
In the early 1900s, transportation options for the average American began to expand. Who was Henry Ford
Henry Ford—an industry early car manufacturer who started the Ford Motor Company and introduced the moving assembly line—revolutionized the transportation industry.
Model T,
the first car made with an assembly line by the Ford Motor Company.
. By the 1920s, there was a high demand from consumers who wanted to purchase vehicles such as Henry Ford’s popular Model. What problem did Henry Ford run into?
Ford had a problem, however. His Model Ts were very popular, but they were also time-consuming to build and expensive for the average American: about $850 (approximately $18,000 today). Since the average yearly income was about $3,270 in 1920, this meant that people would spend around 26 percent of their yearly income on an automobile.
Prior to the 1920s, cars were built using an assembly line. What happened in the assembly line
In an assembly line, each team of workers would assemble the same part of a larger product. These parts were interchangeable, meaning they could fit into any assembly of the same type. For example, one team would assemble steering wheels, another team assembled bumpers, and yet another team assembled wheels
How did Hnery Ford inporve to assembly line
Henry Ford improved upon this process by introducing a conveyor system to move individual parts from team to team.
Ford’s innovative process was called the
moving assembly line, and it revolutionized manufacturing. This process is still used today!
How did the moving conveyor belts improve production?
The conveyor belts allowed work to be completed at a faster and more consistent speed.
How quickly were cars completed?
The rate of completion was one car every 40 seconds.
How did Ford’s moving assembly line impact the price of the Model T?
The price of the Model T decreased from $850 to $300, making it more affordable for average American families. The lower price meant that the average family would spend only 10 percent of its yearly income on an automobile, rather than 26 percent.
Why was Ford’s moving assembly line effective in his automobile manufacturing plants
Ford’s moving assembly line was effective in his automobile manufacturing plants because it reduced costs and increased efficiency, or the amount of time and effort needed for production
Ford was now saving money on production costs, what impact did this have
Ford lowered the price of the Model T and increased consumer demand. By 1924, the price of a Model T had dropped from $850 to $265. By 1929, America had more than 23 million automobiles.
What did the moving assembly line help fuel
The moving assembly line helped fuel record economic growth in the United States during the 1920s. This boom economy, or period of economic expansion, lasted nearly the entire decade.
What defined the Roaring Twenties
The time period is known as the Roaring Twenties in part due to this rapid economic growth, as well as innovations in manufacturing.
Work life during the roaring twenties
Many other industries began adopting Ford’s idea of using a moving assembly line and interchangeable parts. Unemployment remained low as businesses hired more workers to meet the demand for new products. Workers migrated toward big, northern cities such as Detroit to find better paying jobs with consistent hours.
How did the moving assembly line impact work
Many workers were needed for Ford’s moving assembly line. Some people disliked the repetitive nature of the work, but Ford paid them well: $5 per 8-hour workday. He also paid all workers equally. This attracted many African Americans from the South to move to Detroit, which was nicknamed “Motor City.”