In 1903 Henry Ford, who had started out in his career as a skilled mechanic, founded the Ford Motor Company, and in 1908 he introduced the Model T automobile. From 1910 to 1914 Ford developed the idea of mass production and made the assembly line the symbol of the automobile age. By 1914, six hundred cars a day were rolling off Ford's assembly line, and 90 percent of them were shipped immediately to dealers. Spurred on by the technological superiority of the Highland Park factory, the Ford Motor Company was a remarkable industrial and financial success. The company's net income soared from $25 million in 1914 to $78 million in 1921. Ford was an early exponent of the move toward scientific management, and his company succeeded in part by embracing modern management practices. Ford and his managers experimented with scientific management, worker welfare, and personnel management in an.....
This is a free excerpt of 150 words. This section contains 1,545 words. This
article contains 27,264 words (approx. 91 pages at 300
words per page).
Read the rest of this Article with our America 1910-1919: Business and the Economy Access Pass.
