12.4 Vocabulary

Rising prices

A country that has lent more money to other countries, than it has borrowed

The carmaker who's methods and ideas revolutionized production, wages, working conditions and the daily life of his employees in the 1920s

The rapid manufacture of large numbers of identical products.

This car, introduced in 1908 by Ford Motor Company, was a reliable and affordable car built for the average American.

A method of efficiency in which experts looked at every step of the manufacturing process to find ways to reduce time, effort, and expense.

A process of manufacturing where the product moves from worker to worker. Each worker has a simple singular task to perform.

In the 1920s, a flood of new and affordable goods became available to the public

A consumer made a small down payment, then paid of the rest of the debt in regular monthy payments.

A period of rising stock market prices