One important feature of the us economy in 1920 was mass production
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One of the distinctive features of US economy in 1920 was mass production of goods and services. ... Henry Ford was considered to be pioneer in the mass production who introduced assembly line method so to increase the rate of production of cars and helped in reducing the overall cost of production.
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Explanation:
- A well-known pioneer of mass production was the car manufacturer, ‘Henry Ford’.
- He adopted an assembly line technique of a slaughter house.
- He realised that the ‘assembly line’ method would allow a faster and cheaper way of producing vehicles.
- This method forced workers to repeat a single task mechanically and continuously. 0 This was a way of increasing the output per worker by speeding up the pace of work.
- At first, workers were unable to cope with the load of work but Henry Ford doubled the daily wages.
- This doubling of daily wages was considered ‘best cost-cutting decision’ he had ever made.
- Later, this system of mass production was followed by many other countries. In the US, with this system, car production rose from 2 millions to above 5 millions.
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