Professional Documents
Culture Documents
Henry Ford (July 30, 1863 - April 7, 1947) Was An American Industrialist, Business
Henry Ford (July 30, 1863 - April 7, 1947) Was An American Industrialist, Business
Henry Ford (July 30, 1863 - April 7, 1947) Was An American Industrialist, Business
magnate,
founder of the Ford Motor Company, and chief developer of the assembly line technique of
mass
production. By creating the first automobile that middle-class Americans could afford, he
converted the automobile from an expensive curiosity into an accessible conveyance that
profoundly impacted the landscape of the 20th century.
Born July 30, 1863
Michigan, U.S.
the public
Ford was always eager to sell to farmers, who looked at the vehicle as a commercial device
to help their business. Sales skyrocketed—several years posted 100% gains on the previous
year. In 1913, Ford introduced
moving assembly belts into his plants, which enabled an enormous increase in production.
Sales passed 250,000 in 1914. By 1916, as the price dropped to $360 for the basic touring
car, sales reached 472,000.
By 1918, half of all cars in the United States were Model Ts. All new cars were black; as
Ford
wrote in his autobiography, "Any customer can have a car painted any color that he wants so
long as it is black."[17] Until the development of the assembly line, which mandated black
because of its quicker drying time, Model Ts were available in other colors, including red.
The
design was fervently promoted and defended by Ford, and production continued as late as
1927;
the final total production was 15,007,034. This record stood for the next 45 years, and was
achieved in 19 years from the introduction of the first Model T (1908).
Ford was a pioneer of "welfare capitalism", designed to improve the lot of his workers
and
especially to reduce the heavy turnover that had many departments hiring 300 men per year
to
fill 100 slots. Efficiency meant hiring and keeping the best workers.[25]
Time magazine, January 14, 1935
Ford astonished the world in 1914 by offering a $5 per day wage ($130 today), which more
thandoubled the rate of most of his workers
Ford's policy proved that paying employees more would enable them to afford
the cars they were producing and thus boost the local economy.
In addition to raising his workers' wages, Ford also introduced a new, reduced workweek in
1926.
The decision was made in 1922, when Ford and Crowther described it as six 8-hour days,
giving
a 48-hour week,[37] but in 1926 it was announced as five 8-hour days, giving a 40-hour week.[
Ford had decided to boost productivity, as workers were expected to put more effort into their
work in exchange for more leisure time. Ford also believed decent leisure time was good for
business, giving workers additional time to purchase and consume more goods. However,
charitable concerns also played a role. Ford explained, "It is high time to rid ourselves of the
notion that leisure for workmen is either 'lost time' or a class privilege."
By 1932, Ford was manufacturing one-third of the world's automobiles.
When Edsel Ford, President of Ford Motor Company, died of cancer in May 1943, the elderly
and ailing Henry Ford decided to assume the presidency. By this point, Ford, nearing 80
years old,
had had several cardiovascular events (variously cited as heart attacks or strokes) and was
mentally inconsistent, suspicious, and generally no longer fit for such immense
responsibilities.[
His health failing, Ford ceded the company presidency to his grandson Henry Ford II in
September 1945 and retired. He died on April 7, 1947,