Henry Ford was an American industrialist who founded Ford Motor Company. He revolutionized factory production with his introduction of the moving assembly line technique in automobile manufacturing.
Imagine Henry Ford as the director of a play called "Automobile Manufacturing". Before him, all actors (workers) had multiple roles (tasks), causing confusion and inefficiency. But he introduced a new way - each actor now plays only one role but does it perfectly well. The result? A smoother performance (production process).
Model T Ford: This was an affordable car model produced by Ford Motor Company using mass production techniques. It's like our play becoming so popular that everyone can afford tickets to watch it!
Industrial Revolution: This was a period of rapid industrial growth and innovation in the 18th and 19th centuries. Henry Ford's innovations were part of a later phase known as the Second Industrial Revolution.
Capitalism: This is an economic system where private individuals or businesses own capital goods. In our play analogy, it's like owning the theater where the play is performed.
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