HIST 2057 Chapter : Hist 2057 Sect 3
Document Summary
Section 3: the twenties and the great depression 9/6/2012 6:20:0. First to implement new productivity ideas and made them profitable. First car manufacturer to use interchangeable parts: reduced price of cars via mass production. 1925- to the point where car is finished every 10 seconds. Automobile manufacturing factory that included: everything needed to make cars from raw materials to finished products, has port access, bringing in rubber from. Africa: has complete control over what comes in and out, ford is not dependent on anyone; owns everything from raw material to finished product, cars are cheapest on the market, produces only one type of car: Everything uniform: of cars in the world are. Prices go up: land boom then leads to land bust, same concept of stock market crash of 1929 whenever most americans were quite optimistic about the economy. The organizational revolution: industry and economic growth is like religion, functional groups, management.
