The Most Influential Person in the 20th Century
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August 2, 2014
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2 / 312
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By the end of World War I, economies of scale had made it so affordable that half of all the cars in the world were Model T's.
Ford's impact on Twentieth Century business was perhaps most important for the immeasurable impact he had on American life. As Ford adapted the emerging principles of mass production to the automobile and hired tens of thousands of workers to put those principles into practice, he gave rise to an entirely new phenomenon: the blue-collar middle class...
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As Ford adapted the emerging principles of mass production to the automobile and hired tens of thousands of workers to put those principles into practice, he gave rise to an entirely new phenomenon: the blue-collar middle class. He proved that one of the most damning charges in the Marxist indictment of capitalism was wrong...
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