Luis A. Sanchez
How Important Was Henry Ford’s Contribution to America’s economy and Social Developments in the 1920’s?
During the economic boom of the 1920’s Henry Ford became a very important and famous character due to his business ideas. These ideas enabled him to make of Ford Motor Company one of the most successful in the world and, with this, had a major impact in American economy.
The most significant impact he had was the Model T. He was the first to start an enormous increase in car ownership; he believed everyone should have access to a car. When the Model T was first introduced to the market it had a price of $1,200, by 1928 it was $295. This change was because he had a strong policy of standardizing all the cars he made. Because of this policy the Model T was extremely popular among Americans of different social statuses. It was a car that could be used in cities and countryside, this enabled farmers to be able to travel to towns and sell their goods while it also gave a sense of immense freedom to the rural part of America. As it was an affordable car it enabled various changes to take place. Roads and suburbs were developed because of the Model T. This car had a major influence in the other industries as materials like petrol, rubber and glass needed to be manufactured at a larger scale in order to cope with the demand of these for the manufacture of the Model T.