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
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
With a low supply of cars the Model T becomes hottest thing around. Ford introduces the assembly line to increase output but eventually overproduce.
Subjunctive question
Would it have been better or worse for the Ford company to avoid using the assembly line keeping demands high and supply low?
Quotes
It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages.
Henry Ford
Henry Ford