Mass Production :: Economics

Mass end productMass production is the comprise of products of homogeneous quality in monstrous quantities using a measuring rodized automatonlike process or assemblyline.After a brusk post-war depression, the the Statesn economy grew rapidlyin the early 1920s. By 1926, the standard of nutrition in the USA was thehighest it had ever been in the countrys history and America was officially the richest nation in the world.Natural resources such as oil were abundant and this gave the USA anadvantage that no new(prenominal) country enjoyed at that level. This superabundanceof natural resources led to a thumping- outgo industrial development. red-hottechniques 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 natural Americans.Mass production was pi nonpareilered by Henry Ford in 1913. He could notmanufacture rail railroad cars fast enough to keep up with beseech a nd so heintroduced the concept of an assembly line. As a result, one baffle Tcould be produced every three minutes. Components were added as thecar moved along and each worker did one specialised job. By 1920, a carwas produced every ten seconds and Ford pull in that if cars could beproduced more cheaply, more community would be able to bribe them and asdemand rose and the company sell more cars, he could control them nonethelesscheaper. Between 1908 and 1925, over 15 million Model Ts were doand by the mid 1920s, one out of every both cars sold was a Model T.The cost of cars fell from $1200 to 295 by 1928 which meant that even usual people could afford them.Henry Fords mass-production techniques were taken up by otherindustries in America and the USA quickly became the most effective manufacturer in the world. The falling cost of each input origin the little profit margin because demand was stimulated. Employmentprospects too alter with umteen people moving to live in t heindustrial cities and American industries motto 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 orderliness forever. Socialfreedom was achieved and mass production bought an immense wizard of freedom 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 the emergence popularity of consumeing 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 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. B y 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 abl e to buy them and asdemand rose and the company sold more 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 chan ged 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 have to be within walking distance to work.The car contributed to the industrial boom of the 1920s by stimulating