ipl-logo

How Did Henry Ford Build A Free Enterprise System

1043 Words5 Pages

Today transportation has never been easier with the invention of the car or automobile. These 3000-4000 pounds of metal is the main methods of transportation for America. Whether it be by taxi, bus, or even by your own car you bought yourself going to your destination. However, none of this would be possible if it was not for Henry Ford in a free enterprise system. The free enterprise system allowed Henry Ford to create a product that allowed all of the lower class and upper class to afford an automobile.

At a young age Ford taught himself to fix watches which taught the young Ford on the basics of machines. However, when Ford got older he actually did not start in working in machinery in fact he actually started his career in farming to support his family. Soon Ford's natural talents …show more content…

In a free enterprise system it is all about the competition, whether or not you can provide great service but as well as create a great product. Now Henry Ford wanted to create a product that was not only simple but inexpensive to drive for the mass so Ford supported the assembly line. The assembly line allowed Ford to mass produce his cars which made it inexpensive for the mass. Free enterprise allowed Ford to decide what to produce for his company allowed Ford to decide how much to produce without much regulation. In a free enterprise system people called entrepeneurs like Ford take risks to make a profit and thats exactly what Ford did. Ford changed the price of his Model T's from 850 dollars to 600 dollars. Soon Ford's sales went from 18,000 to a astonishing 168,000 cars being sold. Something you probably couldnt do anywhere else where the free enterprise system wasn't mainstream. Ford was able to revolutionize the auto industry and with many choices from himself whether it be to hire this many people or buy this many parts for his

Show More
Related

  • How Did The Growth Of The Factory System Limit The Traditional Freedoms Of American Artisans

    339 Words  | 2 Pages

    Freedom Question Response Answers How did the growth of the factory system limit the traditional freedoms of American artisans, and how did they respond? The factory system did not have a positive impact on the American artisan tradition. Standardized goods are produced and sometimes sold more cheaply by the factory system, and occasionally the goods are better than those made by artisans. Plus, the boom and bust was overproducing because of high demands but then that demand went down and no one wanted the product, and companies that were selling the goods became in-debt. However there were some advantages: specialization-specialists have a higher quality of goods, more efficient to make one type of good

    Read More

  • How Did Hamilton Contribute To The Economy

    1763 Words  | 8 Pages

    He believed that the nation should push for more domestic manufacturing, which would create American jobs and further grow the economy. He passed a protective tariff, placing a tax on imported goods. This sparked a movement that led to an increase in domestic goods being bought, successfully causing the economy to flourish.2 Most importantly, he was integral in the resolution of the national debt that was left over from previous wars, specifically the American Revolution. He argued for the assumption of state debt by the national government, which obviously led to a large national debt. Through his multi-step plan, he was able to negate the debt, which led to a more prosperous United States, ultimately shaping the nation we know today.3

    Read More

  • How Did Andrew Carnegie Win

    277 Words  | 2 Pages

    The free enterprise system offered Andrew Carnegie unrestricted industrial power, used by profit focused individuals like himself. Andrew Carnegie went on to become one of the wealthiest men of the 19th century. He came into the nicknames of "the steel magnate" and the "oil baron". Early on Carnegie had the strong characteristics of a successful entrepreneur. Carnegie had a ruthless financial and organizational skill and a great appetite for cost efficient production, and a keen eye for innovation.

    Read More

  • How Did Henry Ford Shaped Early America?

    457 Words  | 2 Pages

    Just imagine if you didn’t have the type of cars that we have today. What would you do? You wouldn’t be able to drive as fast or as far, and gas would be more expensive. One of Henry’s great quotes was, “Vision without execution is just hallucination.” I believe that Henry Ford helped to shape early America.

    Read More

  • Overview Of Upton Sinclair's The Flivver King

    1231 Words  | 5 Pages

    Ford's desire to help the masses and his want for peace and prosperity to America are what framed the groundwork for the future world. He perfected the automobile field and created a stable workplace for many Americans. His perfection of the assembly line, and the legacy of Ford being an economically practical car are still what the Ford brand is known for today. Henry Ford's wish for his car to be all around the world at a reasonable price is a legacy he left behind and is still being accomplished to this

    Read More

  • How Did Henry Ford Impact On American Culture

    508 Words  | 3 Pages

    (“Weber, Austin”) My opinion about this is that Henry ford was an important guy during this time because of his inventions and things that he did like the 40 hour work week, was an important change and had a dramatic impact on the American culture reducing the hours of work from employees and the first t model car, had an impact on the American vehicles management because it became the first global car and it was affordable and better, and also the moving assembly line car production make this things easier for the workers to and have more time to be free than to be in the work, the minimum wage of 5 dollars per day was good because after a day of work you get paid not less than 5 dollars because it was the minimum and for that time five dollars was more money than it is now, Henry ford was major character during this period of time because he helped and he also illuminated the American culture with his wonderful inventions and

    Read More

  • Henry Ford's Impact On The United States Economy

    777 Words  | 4 Pages

    Henry Ford is worthy of inclusion in HIST 1301 because of his innovations and his impact on the United States economy. He became one of the most significant industrialists in history, by contributing to changes in the age of mass production at the turn of the century, raising worker wages, lowering the cost of the automobile for the middle class and permanently altering American culture through these changes. First, Henry Ford envisioned making everyone have access to a reliable car that was affordable. So, in June 1903, Ford witnessed the founding of the Ford Motor Company, which sold its first car in July, made a profit in its first year, and over the course of 19 years, sold more than 15 million cars in the United States and extended internationally, accounting for half of the

    Read More

  • Compare And Summary: Capitalism And Free Enterprise

    1597 Words  | 7 Pages

    Capitalism is an economic system in which capital goods are owned by private individuals or businesses. The production of goods and services is based on supply and demand in the general market. The purest form of capitalism is free market or laissez-faire capitalism, where private individuals are completely unrestrained in determining where to invest, what to produce or sell, and at which prices to exchange goods and services, operating without check or controls. Most modern countries practice a mixed capitalist system of some sort that includes government regulation of business and industry. How capitalism works is simply one process by which the problems of economic production and resource distribution might be resolved.

    Read More

  • How Did Automobiles Change America's Economy

    388 Words  | 2 Pages

    Due to the existence of the automobile, the United States economy was changed forever. Originally, cars were hand made and only purchased by rich men due to their price. Due to Henry Ford, automobiles were eventually made available to the masses due to the fact that he concocted a way to produce the machine cheaper. This method was the assembly line, which impacted the amount of jobs available and the increased need of highways. The Geography of Nowhere, written by James Kunstler, discusses how the automobiles transformed America’s economy.

    Read More

  • Charity In The Gilded Age

    504 Words  | 3 Pages

    Henry Ford’s invention of the assembly line and Vanderbilt’s mass transit of industrial goods through the means of railroads was pivotal to the United States success. In summation, while some may have suffered under the rapid transition of agriculture to industrialization, the benefits created far outweigh the negatives. Many of the problems created can simply be wrote off as growing pains felt by the nation. To call these men robber barons is a gross misunderstanding and factually

    Read More

  • Henry Ford: Robber Baron Or Captain Of Industry

    413 Words  | 2 Pages

    In a time where America’s economy was at its low, much work was necessary to rebuild the economy. Those times are revolutionary in history because they are crucial to development, during WWI a lot of progress was achieved, most of it at expenses of peoples lives and believes. However, that is not the case of Henry Ford Model T car and overall work practices. It is true that people made great fortune at expense of others misfortune, but I don’t believe that is enough reason for us to generalize.

    Read More

  • Frederick Douglass Impact On African American History

    944 Words  | 4 Pages

    He began the Ford Motor Company and used the assembly line. The assembly line allowed for fast and easier work. But most of all he created an affordable car for all. His goal was to create an affordable car that the average working man could afford, because all the car that were already produced were not affordable and were very expensive. This allowed for everyone to own a car rather than just the rich.

    Read More

  • Ap Euro Dbq Industrial Revolution

    848 Words  | 4 Pages

    The Industrial Revolution was the chain of events from the mid-1700s to the early 1900s that increased population, product output, and technology. During this period, many inventions that people use to this day, such as the radio, electric lightbulb, and the automobile were invented and put forward for public use. It also changed the way people lived, with urbanization causing more people to move into larger cities to work in factories. While some might argue that Industrialization had primarily negative consequences for society because it brought suffering to the working class, it was actually a positive thing for society.

    Read More

  • How Did Henry Ford Become Successful

    554 Words  | 3 Pages

    Henry Ford was an entrepreneur who founded the Ford Motor Company in June of 1903 and grew it into a very successful business. He achieved this through free enterprise, an economic system which places few restrictions on business activities and ownership. This system allowed Ford to begin his company without restrictions from the government either preventing him from establishing it or from limiting his success. It not only helped Ford to achieve his goals in business, but it has also helped many other entrepreneurs as well. The free enterprise system has been a necessary component in allowing people, such as Henry Ford, to start, grow, and own their own businesses.

    Read More

  • Similarities Between Ford And Taylorism

    1540 Words  | 7 Pages

    He added and extended Taylorism by increasing division of labour by simplifying the production process further by installing one-purpose machinery to make standard parts. By doing this, Ford sped up the production of cars and made it affordable to middle-class people too. Moreover, he showed that productivity could increase through more capital, higher wages, (by doubling wages to $5.00 which declined labour turnover by 40%), and improving the organisation of production. However, Fordism has been criticized for destroying craftsmanship and deskilling jobs, as well as causing workers’ stress due to the repetitive nature of the jobs. Taylorism and Fordism similarly shared an economic point of view of employees, who were assumed to only be motivated by financial rewards.

    Read More

More about How Did Henry Ford Build A Free Enterprise System

Open Document