- •Table of contents
- •Предисловие
- •Lesson 1. The First Modern Economists.
- •Exercises
- •Lesson 2. Adam Smith And The Wealth Of Nations.
- •Exercises
- •Lesson 3. Alfred Marshall. Prince Theory Pioneer.
- •Exercises
- •Lesson 4. Ralph Nader. Crusader for Consumer Rights
- •Exercises
- •Lesson 5. Jean Baptiste Say. Say's Law of Markets.
- •Exercises
- •Lesson 6. Henry Ford. Pioneer in The Development of the Assembly Line.
- •Exercises
- •Lesson 7. Joan Robinson. Leader in the Theory of "Imperfect Competition"
- •Exercises
- •Lesson 8. Samuel Gompers. America's First Great Labor Leader.
- •Exercises
- •Lesson 9. Paul Samuelson (1915-) And Milton Friedman (1912-). Two Views of the Proper Role of Government in the Economy.
- •Exercises
- •Lesson 10. Irving Fisher. Pioneer In Monetary Theory
Lesson 6. Henry Ford. Pioneer in The Development of the Assembly Line.
(1863-1947)
As business grew. Ford began manufacturing many of the component parts formerly purchased from suppliers. Typically, the components were put together by one worker who performed all the operations necessary to assemble them. The method was quite costly, and so only the wealthy could afford to buy automobiles in those days.
This did not please Henry Ford who wanted to bring the price of automobiles down to the point where most families could afford them. The key to achieving this goal, in Ford's view, was through the improvement of labor productivity. He needed to find a way to 1) limit the number of operations performed by each worker, 2) bring the work to the worker rather than the other way around, and 3) perform each operation in the most efficient sequence he could find. He found what he was seeking in his new creation: the assembly line. Ford's first line, introduced in April 1913, was used to assemble generators. Working in the old way, one worker had been able to put together 25 to 30 generators in a 9-hour day. This translated to something around 20 minutes per assembly.
The new line broke the operation into 29 steps performed by individual workers on parts that were brought to them by the steadily moving assembly line. The new process reduced assembly time to an average of 13 minutes per generator. One year later, additional experimentation divided production into 84 operations and reduced assembly time to 5 minutes per generator.
Assembly line methods brought the price of automobiles within the reach of millions of American families. As a result, automobile registrations jumped from 944,000 in 1912 to 2.5 million in 1915 and 20 million by 1925.
Henry Ford was not an economist, but his innovative production strategies had a revolutionary impact on American industry and living standards. As automobiles, appliances, and other labor saving goods of the new industrial age became less expensive and more affordable for the average family, it was clear that the assembly lines of a Michigan factory had changed American households as dramatically as its factories.
Exercises
-
Questions for Economic Reasoning and Discussion.
-
Based on the information in this text, explain why you agree with each of the following statements:
-
Henry Ford is known as Pioneer in the Development of the Assembly line.
-
Only the wealthy could afford to buy automobiles in those days.
-
Henry Ford wanted to bring the price of automobiles down.
-
He found what he was seeking in his new creation: the assembly line.
-
Assembly line methods brought the price of automobiles within the reach of millions of American families.
-
His innovative production strategies had a revolutionary impact on American industry
-
Match each item in Column A with its definition in Column B:
|
Column A |
|
Column B |
|
giant |
|
firmly fixed or balanced |
|
to leap |
|
to bring forward |
|
to introduce |
|
to jump |
|
to assemble |
|
to be able to |
|
bottom |
|
buying |
|
purchase |
|
to cause to fall |
|
to afford |
|
to collect |
|
to bring smth. down |
|
to become better |
|
the key |
|
lowest part of anything |
|
to improve |
|
of great size or force |
|
steadily |
|
central principle on which everything depends. |
III. Complete the phrases with prepositions(where it is necessary) and say in what situations they are used in the text. Use them in sentences of your own.
-
to purchase…
-
to assemble…
-
…those days
-
to please…
-
to bring the prices…
-
to achieve…the goal
-
to reduce…time
-
to divide production… 84 operations
-
to reduce time…5 minutes per generator
-
to become more affordable…
-
Give Russian equivalents for the following words or word combinations from the text:
-
a great leap forward
-
to introduce the assembly line
-
to assemble the car from the bottom up
-
to put together
-
steadily moving assembly line
-
additional experimentation
-
innovative production strategies
-
to become less expensive and more affordable
-
the average family
V. Say if you agree or disagree with the statement and give your reasons.
Henry Ford was not an economists, but his innovative production strategies had a revolutionary impact on American industry.
VI. Complete the table. Work out your point of view on Ford’s innovations.
Appraisal Ideas and Beliefs |
Still Relevant |
Needs Modification |
Should Be Rejected |
1.See the model on p. 2…. |
|
|
Give your reasons.