Unit 2 Lesson 9: Ford

Who founded the Ford Motor Company?

• Thomas Edison

• Henry Ford

• Nikola Tesla

• Andrew Carnegie

What was a key aspect of Henry Ford's business model?

• Producing luxury goods

• Producing goods most people could afford

• Outsourcing production overseas

• Focusing on custom-made products

How did Henry Ford's approach to wages differ from usual practices?

• He paid workers lower than usual wages

• He paid workers higher than usual wages

• He paid workers the same as usual wages

• He did not pay wages

What is the success criteria for this lesson?

• Explain the history of the Ford Motor Company

• Explain Henry Ford’s point of view on government and business roles

• Describe the invention of the assembly line

• Discuss the impact of automobiles on society

What was the main purpose of Henry Ford's profit-sharing plan introduced in 1914?

• To increase the working hours of employees

• To provide charity to workers

• To ensure a lasting foundation for the business

• To reduce wages for workers

According to Henry Ford, what is the role of law in ending poverty?

• Laws are essential for ending poverty

• Laws can do very little to end poverty

• Laws should be enforced strictly to end poverty

• Laws are the only solution to end poverty

What was the reaction of many employers to Ford's wage announcement?

• They supported the decision

• They ignored the announcement

• They thought it was just for advertising

• They immediately adopted the same policy

According to Ford, why did he raise wages?

• To increase worker productivity

• To reduce company profits

• To comply with government regulations

• To decrease product prices

What type of economy might Ford advocate?

• Command economy

• Mixed economy

• Market economy

• Traditional economy

Reflection: Ford disagrees with the statement “All men are equal.” Why?

• He believes that everyone should have the same whether they work or note

• He believes that people who work hard should be payed accordingly and earn more

• He believes in equal distribution of wealth even if someone does not contribute

• He supports an economy where the government controls and distributes wealth