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The Economic System in Place in Industrialized Nations During the First

Question 15

Multiple Choice

The economic system in place in industrialized nations during the first half of the twentieth century is often called "Fordism" by sociologists. It is a system characterized by the increasingly efficient mass production of goods. Why do you think this system is called "Fordism"?


A) Many of the changes that led to this economic system happened during the administration of President Gerald Ford.
B) This economic system was like a bridge, or "ford," from craft production to the information economy.
C) It is named after the famous filmmaker John Ford, whose movies depicted the transformation to an industrial economy.
D) It is an acronym for Fully Operational Research Design, the method by which the economy modernized.
E) It is named after Henry Ford, who is credited with inventing the assembly line.

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