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New Economic Era Mr. Williams 10 th Grade U.S. History
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How did you earn the candy (money) during the simulation? Was this a fun simulation? Would it be fun if you had to do this 8-10 hours a day 5-6 days a week? How do you think workers feel who work on an assembly line similar to the one we had today?
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Henry Ford Young Entrepreneur who began selling his Model T in 1908 To do this, he used the Assembly Line to increase amount of cars he could manufacture
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Production system in which item being built moves along a conveyer belt to various workstations Workers had 84 specific jobs “The man who puts on a bolt does not put on a nut. The man who puts on the nut does not tighten it.” –Henry Ford
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Model T Car sold for under $500 In its first year, produced a car every hour and half By 1920, produced a car every minute By 1929, 22 million cars in country
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Cities Grow Detroit population grew from 500,000 to 1.5 million from 1910 to 1930 Akron population grew from 70,000 to 210,000 from 1910 to 1920
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Suburbs Smaller towns located outside of urban areas Car travel allowed people to live at greater distances from their jobs Florida also grew as people were more able to travel
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Impact of assembly line on the Economy Productivity rose by 60% Measure of output per unit of input such as labor Welfare Capitalism: system in which companies provide benefits to employees in an effort to promote worker satisfaction and loyalty
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Industry Changes Society Demand for steel, glass, rubber and other materials grew Repair shops, filling stations, motels, restaurants all grew during the 1920s
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New Products of 1920s Refrigerators, Vacuum Cleaners, Radios Dramas, Comedy Shows, News shows, Advertisements Between 1920 and 1930 60% of all families had a radio
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New Ways to Pay Installment Buying: paying for an item over time in small payments Credit: Borrowing money to make these payments 90% of Durable Goods: Cars and appliance bought on Credit
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Roaring ‘20s? American farmers experienced hardship after WWI Farm prices fell, Failures increased, income of farmers and value of farmland fell
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What was the impact of the assembly line on the car industry? What about in America in general?
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