How did the assembly line help make production faster?
The assembly line sped up the manufacturing process dramatically. It allowed factories to churn out products at a remarkable rate, and also managed to reduce labor hours necessary to complete a product—benefiting many workers who used to spend 10 to 12 hours a day in the factory trying to meet quotas.
Why was the assembly line more efficient?
Since it was a moving piece of machinery, it allowed workers to add identical parts to each new car. Each car was created exactly alike so that all parts worked for each car. This made for faster creation, faster repairs, and cheaper prices.
How did the assembly line impact the economy?
Workers then have more money to buy products, creating what economists call a virtuous cycle of growth. The assembly line also changed the way people worked and lived, accelerating the shift from rural areas to cities, and increasing the number of people doing repetitive, low-skilled jobs.
What were the negative effects of the assembly line?
“The negative effects of the assembly line were minimal but apparent. Although the workers were paid well for their labor, they worked long days… Many factories required the workers to work for hours without stop and many tired out quickly.
How did the assembly line affect factory owners?
As the assembly line spread through American industry, it brought dramatic productivity gains but also caused skilled workers to be replaced with low-cost unskilled labour.
Why did many new products come on the market during the 1920s?
The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average Americans. With so many new products and so many Americans eager to purchase them, advertising became a central institution in this new consumer economy.
Why was the 1920s economy so good?
The main reasons for America’s economic boom in the 1920s were technological progress which led to the mass production of goods, the electrification of America, new mass marketing techniques, the availability of cheap credit and increased employment which, in turn, created a huge amount of consumers.
Why did the economy crash in the 1920s?
What Caused the 1929 Stock Market Crash? Among the other causes of the stock market crash of 1929 were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.