Assembly Line
Notes
-Begins selling in 1915 for 440$
-by 1925 a record of 9109 cars were sold in one day. The lowest price is 290$
-15 million made by 1927
-Most of the manufacturing is done in Detroit
-Introduction of the assembly line and factories increases output
high supply = low demand = price is low
low supply= high demand price= is high
-by 1925 a record of 9109 cars were sold in one day. The lowest price is 290$
-15 million made by 1927
-Most of the manufacturing is done in Detroit
-Introduction of the assembly line and factories increases output
high supply = low demand = price is low
low supply= high demand price= is high
Political Cartoon
Quote
"Quality means doing it right when no one is looking."
Interesting Fact
In 1913, he installed conveyor belts in his factories. With these, workers stood at their stations, each doing the same repetitive task over and over again. time for one car fell to around an hour and a half. At such a pace, Ford could make a small profit on each car but could make much more money from selling the cars in the millions. By The end of 1914, his employees were the highest paid industrial workers in the world; a worker performing the simplest of tasks could, and some did, become rich.
Subjunctive Question
Was Henry Ford's fame do to his creation of the assembly line? How well known would he be to this day without it?
Summary
Assembly lines were created to increase the output of products. When there are more products being made, there is a low demand for them by customers which creates a low price.