Great Social, Political, And Economic Change Essay

1256 Words Dec 18th, 2015 null Page
The 1920’s were a period of great social, political, and economic change. Throughout history, it appears that there has always been a stand-out figure associated with each major change, and the automobile industry is no exception. Henry Ford, an icon of the 1920’s and the driving force of the early automobile industry is an excellent example. Many people love Ford for his innovative and entrepreneurial skills, while on the other hand, many dislike Ford due to his association with anti-Semitism. Regardless of how Ford is viewed, many of the decisions he made significantly impacted the automobile industry. These decisions included installing the moving assembly line in his plant and introducing the Five-Dollar Day. Through the implementation of the Five-Dollar Day, Ford was able to drastically change how the Ford Motor Company operated, and how businesses would function for years to come. Prior to January 4, 1914, the name Ford meant nothing. In 1912, Henry Ford was a man who paid his employees $2.34 for a nine-hour shift, and made a profit of $13.5 million dollars; there was nothing special about him (Raff 181). Raff continues in his article, “Looking back at the Five-Dollar Day,” that the Ford Motor Company had an employee turnover rate of 370%: “50,448 workers had to be hired during the course of 1913 to maintain an average labor force of 13,623” (181). These workers were all extremely poor immigrants from “parts of the Old World the industrial revolution had never really…

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