How did Henry Ford contribute to the Economic boom in the 20's?

Answer 1

The part about the conveyor belt is true, that was a big advance. But by reducing the cost of the car to something that the masses could afford, a huge amount of demand was created in supply industries including mining, steel, rubber, and also road building--it was a lot of jobs, and all those people made money and spent it buying things and that employed lots of other people. It was a huge boost to the middle class, the biggest market.

Answer 2

For more information around these subjects (if you need it for study reasons) try looking in to scientific management and frederick winslow taylor.

Did you know Ford also employed 'spies' to ensure his workers were moral people? Scary stuff. Another scary thought is that the production line and the time management principles developed by Ford and Taylor were picked up and used by the Nazi's during the second world war as part of the so called 'Jewish Question'.

Answer 3

Ford, as stated above, perfected the assembly line as a method of manufacturing cars inexpensively so the masses could afford to buy them. He also paid his workers a very good wage for the time, so they, again, could afford to buy cars, homes, and travel out of the cities into the country, (a favorite activity of Ford's).

Answer 4

And then he used the conveyor belt to make cars cheaply, thereby lying the groundwork for one of the largest industries in the world. (car manufacturing). But it also enabled a new industry (logistics) that forever changed the surface of the earth - just think roads, getting goods to your doorstep, driving all over the world for vacation, etc, etc.

Industrialisation split consumption from production, the motor car allowed the consumption and production to be ever further away from each other geographically.

Answer 5

Forget the car, more importantly he invented the conveyor belt which enabled mass production of products at cheaper prices then ever before.

Answer 6

he mass produced the model T ford