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The Model T brought mobility and prosperity on an undreamed of scale through manufacturing efficiencies at a price that anyone could afford. The moving assembly line created the mass-production process, which influenced the “machine age.” It also enabled Ford to steadily decrease the price of the Model T.
What else can I help you with?
The circular flow model of a mixed economy shows .?
what does a circular model of a mixed economy show
What is the continental European model of political economy?
What is the continental European model of political economy?
How does the circular flow model of a mixed economy compare with that of a market economy?
Government is added into the circular flow model of a mixed economy.
How does bushfires effect economy?
the economy looses millions of dollars paying for repairs
What separates the us economy from the pure market model?
Limited government intervention and regulation is what separates the U.S. economy from the pure market model.
Why did mobel t have such a dramatic impact on the economy?
The Model T was the first car that ordinary people could afford.
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.
Why did the model T have such a dramatic impact on the economy?
It was the first car that ordinary people could afford
How the Model T boost economy?
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.
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.
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
What is the continental European model of political economy?
What is the continental European model of political economy?
What effect does Technical College in Georgia has on the economy?
I wanted to know what effect does Technical Colleges have on the economy
What does the t in model t mean?
The t in model t stands for testing
How does the circular flow model of a mixed economy compare with that of a market economy?
Government is added into the circular flow model of a mixed economy.
Does the circular flow model of a mixed economy compare with that of a market economy?
Government is added into the circular flow model of a mixed economy.
