Fordism

Fordism is a manufacturing system developed by Henry Ford in the early 20th century that revolutionized industrial production. It involves mass production techniques, notably the use of assembly lines, which enable the rapid and efficient manufacturing of standardized products, like automobiles. This approach reduces costs and production time, making goods more affordable and accessible to many people. Fordism also includes paying workers higher wages to enable them to buy the products they make, creating a cycle of increased consumption and economic growth. Overall, it shaped modern industrial practices and consumer culture.