Henry Ford is known for refining the assembly line and the Model T. He also adopted an attitude that came to be known as Fordism. What was a central tenet in his system?

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Fordism was based on the idea that workers should be paid higher wages and work shorter hours in order to create a new pool of consumers who could afford to buy the products they were producing. This helped to drive economic growth and increase demand for goods, which in turn led to further expansion and production. By offering his workers higher wages, Ford was able to reduce turnover, improve morale, and increase productivity, all of which contributed to the success of his company.

Henry Ford Is Known for Refining the Assembly Line and the Model