During the time of Henry Ford (1863-1947), the USA was in progress to consolidate both its economic and political beliefs, many events which made the USA the powerful nation it is today happened during this period of time, such as the first and second World War, the “Golden Era” and even the collapse of the stock market. However, among all that happened during the 1900s to the 1940s, nothing had a more significant impact to the USA than the Wall St. Crash and the Great Depression. Henry Ford, as one of the most significant icons of the time, unquestionably had a major influence on the events which led to the Depression, and some critics took this statement a step further and argues that Henry Ford was possibly the one that caused the Depression
…show more content…
Nevertheless, before the Depression struck Ford 's Company hard, Henry Ford tried to make recovery to the economy by introducing the $7 day scheme, he wanted to increase wages for the workers and decrease the price of Ford Motor cars, as well as introducing the “Family Garden” scheme and encouraged people to grow their own vegetables (Batchelor, 1994). However, both these schemes were unsuccessful as the economy did not make any progress in recovering, and when the Depression finally caught up with the Ford 's company by 1932, the Ford 's company, like most of the other companies in different industries, had to lay off workers and the $7 day scheme was also reduced to only $4 (Batchelor, 1994).
The Depression swiftly swept through Europe and industrialised countries like the Great Britain, France and especially Germany, were also badly affected by the Great Depression. With something that had such a huge impact to the world economy, Henry Ford could not possibly end the Depression just by himself. Therefore, the assembly line might be one of the factors that contributed to the Great Depression, but it definitely wasn 't the only factor. The Wall St. Crash revealed the weak banking system of the USA and the flaw in the credit system was a way bigger contributing factor than Ford 's assembly …show more content…
The Allies were supplied with more than a million fighting vehicles by Ford operations from all over the world (Grugens, 1997). Ford 's war efforts not only helped the USA to dominate her enemy in the war, the Ford plants were employing huge amount of labour force, even including women, not only destroyed the unemployment created by the Depression, but also promoted gender quality, as well as boomed the US economy. His ideology continues today and the assembly line and mass production methods are widely used all over the world. Most of all, Ford 's revolutionary ideology is what made the USA the wealthiest country in the world and still is until today.
Therefore, in conclusion, some might argue that Ford 's ideology of the assembly line and mass production was the factor that contributed most to the Wall St. Crash and the Depression, however, it is also fair to say that Ford contributed the most in the event which ended the Depression – The Second World War. Ford not only help ended the Depression, he left the US economy to continue to prosper after the war and completely transformed the way of life in the USA and quite possibly in the world as we continue to live under the influence of many of his
Nevertheless, before the Depression struck Ford 's Company hard, Henry Ford tried to make recovery to the economy by introducing the $7 day scheme, he wanted to increase wages for the workers and decrease the price of Ford Motor cars, as well as introducing the “Family Garden” scheme and encouraged people to grow their own vegetables (Batchelor, 1994). However, both these schemes were unsuccessful as the economy did not make any progress in recovering, and when the Depression finally caught up with the Ford 's company by 1932, the Ford 's company, like most of the other companies in different industries, had to lay off workers and the $7 day scheme was also reduced to only $4 (Batchelor, 1994).
The Depression swiftly swept through Europe and industrialised countries like the Great Britain, France and especially Germany, were also badly affected by the Great Depression. With something that had such a huge impact to the world economy, Henry Ford could not possibly end the Depression just by himself. Therefore, the assembly line might be one of the factors that contributed to the Great Depression, but it definitely wasn 't the only factor. The Wall St. Crash revealed the weak banking system of the USA and the flaw in the credit system was a way bigger contributing factor than Ford 's assembly …show more content…
The Allies were supplied with more than a million fighting vehicles by Ford operations from all over the world (Grugens, 1997). Ford 's war efforts not only helped the USA to dominate her enemy in the war, the Ford plants were employing huge amount of labour force, even including women, not only destroyed the unemployment created by the Depression, but also promoted gender quality, as well as boomed the US economy. His ideology continues today and the assembly line and mass production methods are widely used all over the world. Most of all, Ford 's revolutionary ideology is what made the USA the wealthiest country in the world and still is until today.
Therefore, in conclusion, some might argue that Ford 's ideology of the assembly line and mass production was the factor that contributed most to the Wall St. Crash and the Depression, however, it is also fair to say that Ford contributed the most in the event which ended the Depression – The Second World War. Ford not only help ended the Depression, he left the US economy to continue to prosper after the war and completely transformed the way of life in the USA and quite possibly in the world as we continue to live under the influence of many of his