Why did Henry Ford institute the "five-dollar day, forty-hour week"?
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Henry Ford is an American Industrialist. He is the creator of Ford Motor Company. He was born in July 30, 1863 and died in April 7, 1947. He owned about US $200 billion. He was included in the richest of that time.
He thought of innovative ways to benefit his business. For this purpose he started giving five-dollar day, forty-hour week to his employees thinking this would make them his buyers one day increasing the prospects of his business.
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