0
Ford's assembly line provided jobs. More importantly, the Model T was the first easily affordable automobile on the market. By provided low-cost transportation, the Model T was able to boost the economy because people could commute further daily to work, and companies were able to ship products longer distances in quicker times at lower costs.
What else can I help you with?
How did the model T gave the economy a boost?
The Model T, made by Henry Ford, provided many jobs to people who needed it. Fordism states that if he pays his employees more, the economy would do better. It boosted the economy by providing jobs and selling many of his cars, which were priced accordingly.
What is one other way Henry ford helped the way people live?
He helped boost the economy by selling a bunch of Model T's and even more when he came out with the assembly line.
Why did mobel t have such a dramatic impact on the economy?
The Model T was the first car that ordinary people could afford.
Why did the model T have such a dramatic impact on the economy?
It was the first car that ordinary people could afford
What is the important of immogration?
For the economy, it was a boost for labor productivity
How did railroads and steamboats boost the U.S economy?
Greatly
Why was model t important?
This was a time of growth in the American economy. The success of Model T showed how much the car industry was progressing. The car industry making immense successes was one of the factors leading to an economic boom.
How did the new deal impact georgias economy in the early 20th century?
It helped boost the economy growth. ^^ Thank you so much. The Study Island's ''official answer'' is: It provided funds that helped boost the economy. I hope this helped!
What was the driving force of the US economy in the year 1903?
After just completing an ENGG paper on the Impact of the Automobile, I would say that the driving force of the US economy in 1903 was the beginning of The Ford Motor Company. Ford started in 1903 and the Model T was produced in 1908. The Model T sold 15,000,000 vehicles.
The circular flow model of a mixed economy shows .?
what does a circular model of a mixed economy show
How did the New Deal impact Georgia economy in the early 20th century?
It provided funds that helped boost the economy.
What is a current issue in the US?
One of the top issues in the US right now is the 'Economy', or maybe I should say the FALLING Economy. Hopefully the "Bail Out Bill" will somewhat fix/boost the economy. One of the top issues in the US right now is the 'Economy', or maybe I should say the FALLING Economy. Hopefully the "Bail Out Bill" will somewhat fix/boost the economy.
