How did Henry Ford affect the automobile industry?

Answer 1

Henry Ford revolutionized the automobile industry by introducing the assembly line production method, which significantly reduced manufacturing costs and time. This innovation allowed for the mass production of affordable cars, most notably the Model T, making automobiles accessible to the general public. Ford also implemented the $5 workday, which not only improved employee satisfaction but also increased consumer purchasing power, further stimulating demand for cars. His practices laid the groundwork for modern manufacturing and labor relations in the automotive sector.