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The Transformative Impact of Ford's Innovations on American Society

The invention of the Model T and Ford's revolutionary policies significantly transformed American society in the 1920s. By implementing assembly line techniques, Ford dramatically increased production efficiency while reducing costs, making vehicles accessible to the masses. This shift led to a tripling of millionaires, a booming construction industry, and soaring stock market performance. Moreover, the $5 daily wage set a new standard for workers, ultimately revolutionizing the economy and enabling the growth of suburban living, new infrastructure, and various industries tied to automotive demands.

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The Transformative Impact of Ford's Innovations on American Society

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  1. What Hath Ford Wrought

  2. Focus Question • Describe three ways the invention below would transform society:

  3. Focus Question • Describe three ways the invention below would transform society:

  4. Mellon’s Economic Plan • Slash taxes for the wealthy • Opens up funds for investment • Allows economy to grow • Improve government efficiency • Import new business techniques to government • Eliminate waste, fraud, and abuse • Raise certain government fees

  5. Results • Number of Millionaires tripled • More money invested in business • New construction boomed • The Stock Market Soared.

  6. Role of Demand • Economies are fueled by Demand • If Demand is low, Supply loses importance • The 1920s demand was built by one major industry and two lesser ones

  7. The Importance of Ford • Ford’s policies revolutionized the economy • Model T priced low enough for the masses • Salary of $5 a day set a new wage scale • Assembly line techniques increased production dramatically

  8. The Model T • Second most popular car model in history • Durable and inexpensive • Cost $290 in 1923 ($3,480 today) • 2 million produced annually

  9. Transformed America • Sponsored numerous industries • Required new construction • Roads, bridges, parking lots • Allowed for growth of suburbs • Led to the construction boom

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