Mass Production :: Economics

Mass end productMass production is the manufacture of products of uniform quality in thumping quantities using a standardised mechanical crop or assemblyline. afterward a short post-war depression, the American economy grew rapidlyin the early 1920s. By 1926, the standard of living in the regular army was thehighest it had ever been in the countrys story and America wasofficially the richest nation in the world.Natural resources such as oil were abundant and this gave the USA anadvantage that no other country enjoyed at that level. This profusionof natural resources led to a large- collection plate industrial increase. Newtechniques meant that goods could be produced much more cheaply on alarge scale which led to the production of masses of cheap goods whichcould be afforded by thousands of normal Americans.Mass production was pioneered by hydrogen ford in 1913. He could notmanufacture cars fast enough to keep up with enquire and so heintroduced the concept of an assembly lin e. As a result, one Model Tcould be produced all three minutes. Components were added as thecar moved along and all(prenominal) worker did one specific job. By 1920, a carwas produced every(prenominal) ten seconds and Ford realised that if cars could beproduced more cheaply, more people would be able to buy them and asdemand rose and the company exchange more cars, he could make them evencheaper. Between 1908 and 1925, over 15 million Model Ts were madeand by the middle 1920s, one out of every two cars sold was a Model T.The cost of cars fell from $1200 to 295 by 1928 which meant that evennormal people could afford them.Henry Fords mass-production techniques were taken up by otherindustries in America and the USA quickly became the most efficientproducer in the world. The falling cost of each input offset thelittler profit margin because demand was stimulated. Employmentprospects also improved with many people moving to live in theindustrial cities and American industries saw large profits andexpanded enormously. However, mass production also meant that as therich got richer, the poor got poorer.Mass production changed the fabric of American society forever. Social freedom was achieved and mass production bought an immense sense ofliberty to the rural areas. Making cars affordable changed the face ofAmerica and it resulted in large scale urbanisation and thedevelopment of suburbs. It encouraged the building of roads, and thegrowing popularity of owning your own car made it easier to movearound so people did not put one across to be within pass distance to work.The car contributed to the industrial boom of the 1920s by stimulatingMass Production EconomicsMass ProductionMass production is the manufacture of products of uniform quality inlarge quantities using a standardised mechanical process or assemblyline.After a short post-war depression, the American economy grew rapidlyin the early 1920s. By 1926, the standard of living in the USA was thehighest it had ever been in the countrys history and America wasofficially the richest nation in the world.Natural resources such as oil were abundant and this gave the USA anadvantage that no other country enjoyed at that level. This profusionof natural resources led to a large-scale industrial development. Newtechniques meant that goods could be produced much more cheaply on alarge scale which led to the production of masses of cheap goods whichcould be afforded by thousands of normal Americans.Mass production was pioneered by Henry Ford in 1913. He could notmanufacture cars fast enough to keep up with demand and so heintroduced the concept of an assembly line. As a result, one Model Tcould be produced every three minutes. Components were added as thecar moved along and each worker did one specific job. By 1920, a carwas produced every ten seconds and Ford realised that if cars could beproduced more cheaply, more people would be able to buy them and asdemand rose and the company sold mor e cars, he could make them evencheaper. Between 1908 and 1925, over 15 million Model Ts were madeand by the mid 1920s, one out of every two cars sold was a Model T.The cost of cars fell from $1200 to 295 by 1928 which meant that evennormal people could afford them.Henry Fords mass-production techniques were taken up by otherindustries in America and the USA quickly became the most efficientproducer in the world. The falling cost of each input offset thesmaller profit margin because demand was stimulated. Employmentprospects also improved with many people moving to live in theindustrial cities and American industries saw huge profits andexpanded enormously. However, mass production also meant that as therich got richer, the poor got poorer.Mass production changed the fabric of American society forever. Socialfreedom was achieved and mass production bought an immense sense ofliberty to the rural areas. Making cars affordable changed the face ofAmerica and it resulted in large scale ur banisation and thedevelopment of suburbs. It encouraged the building of roads, and thegrowing popularity of owning your own car made it easier to movearound so people did not have to be within walking distance to work.The car contributed to the industrial boom of the 1920s by stimulating