| 4. Henry Ford: Ford Motor Company. Nematov
Henry Ford was born in 1863 and died at the age of 84 in 1947. He founded the Ford Motor Company and developed the assembly line technique for mass production. He is responsible for making the automobile accessible to the average American. It went from being an expensive car for the upper-class to an item owned by middle-class Americans. This had a great impact on the 20th century.
Henry Ford became one of the richest and best-known people of his time. The term “Fordism” was created to describe the mass production of inexpensive goods while providing higher wages for the workers. His work resulted in many technical and business innovations during his time. The franchise system put dealerships for automobiles all through North America and in major cities on six continents.
When he passed away, Ford left most of his money to the Ford Foundation and made sure that it would be permanently controlled by family.
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