However when the Great Depression hit “Americans immediately calling in foreign loans”1. Therefore this meant that the banks of Germany had to give America their money back; taking the German peoples savings, and leaving them financially ruined as they had to collect all of their money from their debtors. This led Germany to a financial crisis. Furthermore, this source has also highlighted other points that have helped Hitler to rise to power, such as, “hyperinflation”1, “propaganda”1, “Hitler was a gifted speaker”1, and, “the Treaty of Versailles”1. Arguably, the Treaty of Versailles, was one of the main points that Charles Hawley made, as it stated that Germany had to pay “132 billion goldmarks”1 in reparations, for the war.
Not only did he have an effect on society, he has also played a role on helping the country in times of need. Looking at his effect of allowing the average person to own a car, advancing the work force, growing the middle class, creating tourism, and allowing the United States to thrive during World War II, Henry Ford helped the middle class more than anyone. Henry Ford is the reason that the average American had the ability to own a vehicle. Before Ford started making vehicles, cars were a luxury item only owned by doctors and lawyers. Ford began making his Model T using a revolutionary idea, the moving assembly line.
The 1920s were a decade of great advancement and prosperity. A not only chaotic but fast growing period in time would leave its mark in the 20s, known as the “Roaring Twenties.” For such a name to have been marked in the 20s, significant establishments must have been built; the automobile industry had an immense impact on the economy, the 1920s became the golden age of sports in social life, and with political development, women’s rights and movements would change forever. The lives of Canadian individuals would soon become “Roaring.” The automobile industry had an immense impact on the economy during the 20s. Henry Ford, who was the president of thenFord Motor Company had dreams which he focused on turning into plans. He dreamed of creating a car that almost anyone could afford to pay for.
However this consumerism was not sustainable and eventually led to the Wall Street crash of 1929. It cannot be argued that the USA experienced prosperity during the 20s, especially in the economic sector. One of the contributing factors to the boom experienced in the USA was WW1 which actually aided in the development of the American. One of the main reasons the USA prospered economically from the war was due to the fact they only sent their troops to the front lines
By the 1920’s, cars had become a signature in celebrity homes, and was considered a luxury to have. Anyone who had money or wanted to look like they had money, also had a car. In the early years of the automotive industry, when not too many people were interested, appealing to anyone was the goal, trying to increase demand. The automotive industry quickly realized that mostly richer people purchased cars. So how could they appeal to other groups?
Henry Ford played a major role in the economic and social changes that occurred in the 1920’s. In 1903, Henry Ford created the Ford Motor Company. He is known for making an inexpensive car made by skilled workers. He was able to make automobiles less expensive by inventing the moving assembly line. Instead of one worker building a car start to finish, each worker was in charge of building a specific section.
Henry Ford’s Model T and assembly line are important turning points in American history. Before 1908, automobiles were a luxury that only the rich could afford. Henry Ford found a cheaper, faster way to build cars. The Model T was made on an assembly line, producing more cars in less time. Ford’s innovations in manufacturing created less expensive cars and higher wage jobs.
Henry Ford is one of the most important and acclaimed entrepreneur in United States history with his major attribution and key development being the model T car, which was the first widely available automobile. This invention made everyday life better for everyone who now had access to the automobile. Henry would not have been able to achieve his successes and develop this car, had the free enterprise system not been implemented. His innovative and breakthrough ways didn't stop at the model T car either, he also powered the breakthrough and start of the industrial revolution, due to his way of assembling cars in an assembly line. This method proved to be extremely efficient and boosted sales and profits immensely.
The Roaring Twenties, is one of the more primary cause of the Great Depression. The twenties were not only carefree and pleasure filled, but were also an era of overspending. The overspending is a result from World War I, one of the most most bloodiest war Europe has ever witnessed. World War I made the U.S. into a wealthy world power, as European countries were paying back the U.S. for war loans. With the introduction of credit, Americans,
Car prices were decrease significantly so that they could be affordable to the people. Henry Ford who established the assembly line, helped reduce the time it took to make a car, with the assembly line cars were being made within 1 hour and 33 minutes. Automobiles, in turn, stimulated the growth of steel, glass, and rubber industries, and much more. Consumer goods were available for women and men due to the advertising, which developed new methods of alluring buyers to impulse new products through new