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Henry Ford

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Henry Ford



Henry Ford (July 30, 1863 - April 7, 1947) was a prominent American industrialist, the founder of the Ford Motor Company, and sponsor of the development of the assembly line technique of mass production. His introduction of the Model T automobile revolutionized transportation and American industry. As owner of the Ford Motor Company, he became one of the richest and best-known people in the world. He is credited with "Fordism": mass production of inexpensive goods coupled with high wages for workers. Ford had a global vision, with consumerism as the key to peace. His intense commitment to systematically lowering costs resulted in many technical and business innovations, including a franchise system that put a dealership in every city in North America, and in major cities on six continents. Ford left most of his vast wealth to the Ford Foundation but arranged for his family to control the company permanently (until it was taken over by outsiders).

He was known worldwide especially in the 1920s for a system of Fordism that seemed to promise modernity, high wages and cheap but high quality consumer goods. (wikipedia)

Strongly recommended Ford biography: The Wild Wheel, by Garet Garrett, 1952, Pantheon Books, Inc., Library of Congress Catalog Card Number: 52-7392 - review of this amazing book
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See Also

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Henry Ford, Wikipedia
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Page last modified on Thursday 28 of April, 2016 06:38:58 MDT

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