What was significant about Henry Ford's impact on industrial production? 🔊
Henry Ford revolutionized industrial production through the introduction of the assembly line, which significantly increased efficiency and reduced production costs. By implementing mass production techniques, he was able to produce automobiles at a scale previously unseen, making cars affordable for the average American. Ford’s approach transformed the manufacturing industry and set the standard for future production methods. Additionally, his emphasis on paying workers higher wages created a new model for labor relations, contributing to the growth of the middle class. Ford’s innovations not only altered the business landscape but also had lasting impacts on American society and the global economy.
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