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Henry Ford
Henry Ford
Henry Ford’s Model T and the Assembly Line
- 1915 started selling cars for $440
- Introduction of Assembly line - one guy does same small job over and over - increases jobs and more output
- by 1925, record 9109 cars in one day
- lowest price - $290 (supply up)
- "Car in every garage"
- 15 million made by 1927 - 100 million Americans so almost every garage
- gas stations and road building was new business
- suburbs -> people started living outside of city
Summary
Henry Ford started selling cars and his idea of Assembly line allowed increase in jobs and output
The car business created many other businesses as well.
The car business created many other businesses as well.