- The Ford household has amassed vital wealth via the Ford Motor Firm.
- Henry Ford based the corporate in 1903 and revolutionized vehicle manufacturing.
- Fordism, launched in 1914, mixed large-scale manufacturing with greater wages.
The title Ford has now develop into synonymous with the automobile business, and the household behind it has additionally amassed vital wealth.
Henry Ford, thought of to have revolutionized vehicle manufacturing, based the Ford Motor Firm in 1903. He not solely launched the groundbreaking Ford Mannequin T, one of many first mass-produced, reasonably priced autos, however Ford additionally helped the American center class take off.
In 1914, he provided staff $5 a day (roughly equal to $150 now, in keeping with the Ford web site) for working eight-hour shifts. This method, later dubbed “Fordism,” began an business pattern of “large-scale manufacturing mixed with greater wages,” in keeping with the corporate’s web site.
Over a century later, Ford stays one of many world’s most influential and largest automakers. Though Henry Ford’s descendants have stayed comparatively underneath the radar, here is a rundown of what we find out about them.
