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Henry Ford revolutionized the economy by introducing the assembly line production method, which drastically increased manufacturing efficiency and reduced costs. This innovation not only made automobiles more affordable for the average consumer but also stimulated job creation in factories and related industries. Additionally, Ford's practices, such as higher wages for workers, contributed to the growth of the middle class and increased consumer spending, further driving economic expansion in the early 20th century. Overall, Ford's impact helped lay the foundation for modern industrial economies.
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What effect did ford's economic policy have the economy?
President Ford's economic policy had a negative effect on the economy. He first called for tax increases then for tax cuts which sent the country into a recession.
What effect did Ford's WIN strategy have on the economy?
Inflation went down due to spending cuts, but unemployment was still a problem.
How does bushfires effect economy?
the economy looses millions of dollars paying for repairs
What effect does new technology usually have on an economy?
It makes the economy stronger and more efficient.
When the price of copper goes down how does that effect the economy in Chile?
The economy of Chile suffers
How was the economy affected by President Gerald Ford's Whip Inflation Now (WIN) program?
The WIN program had a negligible effect on the economy.
What effect did ford's economics policy have on economy?
Inflation went down due to spending cuts, but unemployment remained high under Ford's economic policy.
What effect did ford's economic policy have the economy?
President Ford's economic policy had a negative effect on the economy. He first called for tax increases then for tax cuts which sent the country into a recession.
What effect did Ford's WIN strategy have on the economy?
Inflation went down due to spending cuts, but unemployment was still a problem.
What effect does Technical College in Georgia has on the economy?
I wanted to know what effect does Technical Colleges have on the economy
How did Ford handle the economy?
He didn't...
What effect did the Holocaust have on the economy?
it damaged it.
What is the meaning of snob effect in economy?
snob effect meaning status
How does bushfires effect economy?
the economy looses millions of dollars paying for repairs
What effect did the devaluation of coins have on the economy?
The economy increased due to the devaluation of the coins.
What effect did the Embargo Act have on American economy?
amost destroyed american economy
What is the effect of music and dance in Nigeria economy?
negative effect especially if they are pirated
