How important was Henry Ford to the economic prosperity of the USA in the 1920s? Explain your answer.
Exam No:0470_w23_qp_41 Year:2023 Question No:7
Answer:
Yes
Ford's Model T was central to the success of American economy in the 1920s; one in five owned a car by 1929; employed over half a million workers; stimulated other industries such as road building, construction, oil, rubber, glass and leather; increased tourism - motels and restaurants; growth of suburbs; increased ability to travel for leisure activities - cinema, sports, nightlife; assembly-line production method copied by other new industries; allowed for mass production, etc.
No
More important - new inventions and innovations: concrete mixers, radios, telephones, washing machines, toasters; new materials such as Bakelite and rayon; mass marketing and effective advertising; availability of credit / hire purchase schemes; Republican policies of laissez faire, low taxation and tariffs; increased confidence led to increased investment in markets; expansion of US markets into Europe during the First World War; war loans, etc.
Ford's Model T was central to the success of American economy in the 1920s; one in five owned a car by 1929; employed over half a million workers; stimulated other industries such as road building, construction, oil, rubber, glass and leather; increased tourism - motels and restaurants; growth of suburbs; increased ability to travel for leisure activities - cinema, sports, nightlife; assembly-line production method copied by other new industries; allowed for mass production, etc.
No
More important - new inventions and innovations: concrete mixers, radios, telephones, washing machines, toasters; new materials such as Bakelite and rayon; mass marketing and effective advertising; availability of credit / hire purchase schemes; Republican policies of laissez faire, low taxation and tariffs; increased confidence led to increased investment in markets; expansion of US markets into Europe during the First World War; war loans, etc.
Knowledge points:
2.4 The United States, 1919–41
Solution:
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