answersLogoWhite

0

Fordism was a business approach named after Henry Ford, where companies used mass production ( creating mass standardized units ) to lower prices, therefore being able to increase the wages and decrease the hours of work for workers. This "better treatment" of workers lead to better productivity and a constant flow of new workers ( for mass production ) which in turn contributed to the lower prices. Because of mass production, he workers would be able to specialize in a certain area, also contributing to the increase of productivity which ultimately lead to the increase in the development of the company.

User Avatar

Wiki User

9y ago

Still curious? Ask our experts.

Chat with our AI personalities

LaoLao
The path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan
DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin

Add your answer:

Earn +20 pts
Q: What was Fordism?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about U.S. History