Describe henry ford’s theory of production, profit, and labor relations. explain how the ford’s techniques impacted other industries as well. how did ford deal with his employees at that time and why?

Henry Ford had a simple idea, making products affordable for their producers.   Before him, industrial goods, and particularly high technological products aimed for the wealthy.  

The main reason was that the production of cars and other goods involved high skilled workers and handmade parts that increased the cost of production.

An option to cut down costs was to lower the salaries of workers. However, doing so would make selling those products to workers impossible.

Ford sought a technological solution in three steps:  

1-Standardization of production (no handmade parts, unskilled workers)

2-Assembly lines, in which separate stations worked with sections of production.

3-Higher wages for workers.

The Fordist revolution meant faster production and an increased level in the workers quality of life.  

Standardized products coped the market and created a particular style of life.  

Explanation:

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