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New Economic Era
Mr. Williams10th Grade U.S. History
• 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?
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
• 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
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
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
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
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
Industry Changes Society•Demand for steel, glass,
rubber and other materials grew•Repair shops, filling stations,
motels, restaurants all grew during the 1920s
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
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
Roaring ‘20s?•American farmers experienced
hardship after WWI• Farm prices fell, Failures
increased, income of farmers and value of farmland fell
•What was the impact of the assembly line on the car industry? What about in America in general?