Manufacturing based on assembly line techniques and high wages,and reliant upon mass consumption,is known as
A) Fordism.
B) Toyotaism.
C) Reaganomics.
D) Chryslerism.
E) just-in-time manufacturing.

Question

Quizplus · Accepted Answer

Fordism is a term used to describe a manufacturing system popularized by Henry Ford in the early 20th century. This system was based on using assembly line techniques to produce goods efficiently and at a low cost, while also paying workers high wages that allowed them to become consumers of the products they were making. This system relied on mass consumption to keep the economy growing, and it was a key driver of the economic boom that occurred in the United States in the mid-20th century. The other choices (B) Toyotaism, (C) Reaganomics, (D) Chryslerism, and (E) just-in-time manufacturing, all refer to different systems or policies and are not directly related to the manufacturing system described in the question.

Manufacturing Based on Assembly Line Techniques and High Wages,and Reliant