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What Hath Ford Wrought

What Hath Ford Wrought. Focus Question. Describe three ways the invention below would transform society:. Focus Question. Describe three ways the invention below would transform society:. Mellon’s Economic Plan. Slash taxes for the wealthy Opens up funds for investment

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What Hath Ford Wrought

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  1. What Hath Ford Wrought

  2. Focus Question • Describe three ways the invention below would transform society:

  3. Focus Question • Describe three ways the invention below would transform society:

  4. Mellon’s Economic Plan • Slash taxes for the wealthy • Opens up funds for investment • Allows economy to grow • Improve government efficiency • Import new business techniques to government • Eliminate waste, fraud, and abuse • Raise certain government fees

  5. Results • Number of Millionaires tripled • More money invested in business • New construction boomed • The Stock Market Soared.

  6. Role of Demand • Economies are fueled by Demand • If Demand is low, Supply loses importance • The 1920s demand was built by one major industry and two lesser ones

  7. The Importance of Ford • Ford’s policies revolutionized the economy • Model T priced low enough for the masses • Salary of $5 a day set a new wage scale • Assembly line techniques increased production dramatically

  8. The Model T • Second most popular car model in history • Durable and inexpensive • Cost $290 in 1923 ($3,480 today) • 2 million produced annually

  9. Transformed America • Sponsored numerous industries • Required new construction • Roads, bridges, parking lots • Allowed for growth of suburbs • Led to the construction boom

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