what method of mass production increased supply and reduced the cost of the automobile?
the advent of the assembly line in the late 1880's. henry ford started it by breaking down what needed to be done on a factory model and assigning each part to different workers, which enabled them to produce cars more quickly and cheaply than ever before because they could do one job at a time.
mass production was introduced as an efficient way of costing up goods that are similar. rather than having numerous craftsmen making one product, you have only one person building all products with consistent quality due to each part being manufactured separately then assembled later on. think of toyota for example – every car is made the same way so there's no possibility for variation in quality between models. this method has increased supply while also reducing cost because manufacturers can
what caused the quiet depression in agriculture during the 1920's?
farmers were moving to the cities in droves during this time period because of better paying jobs, and because farms had become less profitable due to over production.
the economic boom that followed world war i created a depression among farmers who could not compete with grain production elsewhere. one major issue was overproduction; for example the canadian grain board recorded wheat prices averaging 8 cents per bushel when they could have made 11-16 cents per bushel selling wheat abroad. a smaller, but still significant problem was an increased purchasing power for consumers created by higher wages won in part through collective bargaining or unionization drives which resulted in higher retail food prices. added up these two effects accounted for farm incomes declining by one third between 1920-1924 while
what types of consumer goods came on the market?
it's difficult to answer this question because of the lack of information.
consumption is an important part of any economy, and consumer goods are often used as a barometer to see how the economy is doing. however, there has been no mention on what types of products were introduced or developed during this time period.
how did the companies change during the managerial revolution?
the following are the most notable changes during the managerial revolution.
– executives no longer viewed themselves as immovable oligarchs with truly poor decision making abilities.
– managers began to believe they could be fired for not making their goals.
– there was a newfound atmosphere of insecurity spearheaded by bosses knowing they too were being evaluated every day on their performance, rather than being content with blindly overseeing others without any concerns or knowledges.
– workers started to point out excessive and unethical use of power by management, things like favoritism and nepotism, which had been at high levels before but were now discussed openly among employees and communicated to management in order to make improvements for their company's efficacy and ethical standards
