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https://www.youtube.com/watch?v=Fgks7cAobsU

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Political Cartoon. (2020). Retrieved 4 October 2020, from https://henryfordweb.weebly.com/political-cartoon.html

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Ford’s assembly line changed production and the amount of time it takes to produce a good. In 1913 the first assembly line was created for the production of automobiles an article states “. His innovation reduced the time it took to build a car from more than 12 hours to two hours and 30 minutes” (Ford’s assembly line starts rolling, 2009, para. 1). This made automobiles cheaper to manufacture, leading it to be more affordable to all people not just the wealthy. Other businesses saw the efficiency of the assembly line and shortly started to adapt to it as well. The decrease in costs and increase in quantity helped the whole economy, an article states, “Higher productivity means more profit, some of which is often returned to workers through higher wages. Workers then have more money to buy products, creating what economists call a virtuous cycle of growth” (NY Dailey News, 2013, para. 9). The business cycle is affected by every economic acceleration, and by every bump it faces. Ford assembly line is still being used throughout the country. Without the invention of the assembly line production could still be taking over 5 hours. This would make goods more scare and put the demand higher than supply. This would lead to inflation throughout the economy, but with the assembly line goods such as cars can be produced in less than 2 hours. Today’s assembly lines are a lot more sophisticated then the ones in the 1900s, now they are mainly automated and need only one worker to be an inspector (Michael Marcin, 2020, para. 4). Overall assembly lines have helped the economy grow and keep flowing smoothly.

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Ford’s assembly line changed production and the amount of time it takes to produce a good. In 1913 the first assembly line was created for the production of automobiles an article states “. His innovation reduced the time it took to build a car from more than 12 hours to two hours and 30 minutes” (Ford’s assembly line starts rolling, 2009, para. 1). This made automobiles cheaper to manufacture, leading it to be more affordable to all people not just the wealthy. Other businesses saw the efficiency of the assembly line and shortly started to adapt to it as well. The decrease in costs and increase in quantity helped the whole economy, an article states, “Higher productivity means more profit, some of which is often returned to workers through higher wages. Workers then have more money to buy products, creating what economists call a virtuous cycle of growth” (NY Dailey News, 2013, para. 9). The business cycle is affected by every economic acceleration, and by every bump it faces. Ford assembly line is still being used throughout the country. Without the invention of the assembly line production could still be taking over 5 hours. This would make goods more scare and put the demand higher than supply. This would lead to inflation throughout the economy, but with the assembly line goods such as cars can be produced in less than 2 hours. Today’s assembly lines are a lot more sophisticated then the ones in the 1900s, now they are mainly automated and need only one worker to be an inspector (Michael Marcin, 2020, para. 4). Overall assembly lines have helped the economy grow and keep flowing smoothly.

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https://www.youtube.com/watch?v=uH3oqqHULKY

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(2020). Retrieved 4 October 2020, from https://www.history.com/news/how-photography-defined-the-great-depression

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The Great Depression was a devastating time in history. It began after the stock market crash in 1929, which wiped out millions of stock market investors. This caused people to spend less. This forced businesses to let more people go, they did not have the income to support a lot of employees. An article states, “when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed” (Anon, 2020, para. 1).However good things can come from the bad and the Great Depression is an example of this. The downfall of the economy motivated Franklin D Roosevelt To establish the New Deal. An article states, “Although the New Deal did not end the Depression, it was a success in restoring public confidence and creating new programs that brought relief to millions of Americans” (Franklin Roosevelt’s New Deal, 2020, para. 1). Some of the programs from the new deal are still in place today. An example is the Federal Deposit Insurance Corporation, also known as FDIC. A source states, “The FDIC improved consumer confidence in the banking system by insuring deposits in Federal Reserve member banks” (Programs Still in Effect Today, 2020, para.4). Banks were not as reliable in the 1900s but now, it is a certainty you won’t lose your money if it’s in a bank , like people did during the Great Depression. Another act that is still around today is the Social Security Act, “ the U.S. government established an agency to register citizens for benefits, to collect taxes on both employers and employees to fund the benefits, and to distribute those funds to beneficiaries” (Programs Still in Effect Today, 2020, para. 14). This is beneficial to the elderly and disabled, back in the 1900s these people were often in poverty, and it was more fend for your self type of living. The Great Depression forced the economy to change for the better. 

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The Great Depression was a devastating time in history. It began after the stock market crash in 1929, which wiped out millions of stock market investors. This caused people to spend less. This forced businesses to let more people go, they did not have the income to support a lot of employees. An article states, “when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed” (Anon, 2020, para. 1).However good things can come from the bad and the Great Depression is an example of this. The downfall of the economy motivated Franklin D Roosevelt To establish the New Deal. An article states, “Although the New Deal did not end the Depression, it was a success in restoring public confidence and creating new programs that brought relief to millions of Americans” (Franklin Roosevelt’s New Deal, 2020, para. 1). Some of the programs from the new deal are still in place today. An example is the Federal Deposit Insurance Corporation, also known as FDIC. A source states, “The FDIC improved consumer confidence in the banking system by insuring deposits in Federal Reserve member banks” (Programs Still in Effect Today, 2020, para.4). Banks were not as reliable in the 1900s but now, it is a certainty you won’t lose your money if it’s in a bank , like people did during the Great Depression. Another act that is still around today is the Social Security Act, “ the U.S. government established an agency to register citizens for benefits, to collect taxes on both employers and employees to fund the benefits, and to distribute those funds to beneficiaries” (Programs Still in Effect Today, 2020, para. 14). This is beneficial to the elderly and disabled, back in the 1900s these people were often in poverty, and it was more fend for your self type of living. The Great Depression forced the economy to change for the better. 

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The Historic Baltimore & Ohio Railroad. (2020). Retrieved 4 October 2020, from http://www.socialstudiesforkids.com/articles/ushistory/bo1.htm

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The first locomotive to be built was not in America but in Great Britain. Americans were amazed by the speed and efficiency of the steam engines. An article states, “Americans who had visited England to see new STEAM LOCOMOTIVES were impressed that railroads dropped the cost of shipping by carriage by 60-70%” (Early American Railroads, 2020, para. 2). The first U.S railroad was introduced in February 1827 (Freight and Passengers, 2020, para. 1). It ran from Baltimore to Ohio and would take passengers and cargo, there was great excitement on the day of the opening, although some were skeptical about the new machinery, uncertain if it could really withstand the harsh conditions. In today’s economy, railroads and freight trains are just as beneficial. A source states, “The approximately 140,000 freight railroad employees are among America’s most highly compensated workers” (Anon, 2020, para.3). Not only do they open up a more sustainable job they are also cost-effective. Shippers who use rails instead of the road can save 10-40 percent, the fuel cost, and driver cost is significantly lower(dallasriffle, 2020, para. 3). This is very helpful when moving heavy freight. Trains have also expanded our trade, the low cost and speed have a great appeal to businesses therefore many goods are being moved via train transportation. 

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The first locomotive to be built was not in America but in Great Britain. Americans were amazed by the speed and efficiency of the steam engines. An article states, “Americans who had visited England to see new STEAM LOCOMOTIVES were impressed that railroads dropped the cost of shipping by carriage by 60-70%” (Early American Railroads, 2020, para. 2). The first U.S railroad was introduced in February 1827 (Freight and Passengers, 2020, para. 1). It ran from Baltimore to Ohio and would take passengers and cargo, there was great excitement on the day of the opening, although some were skeptical about the new machinery, uncertain if it could really withstand the harsh conditions. In today’s economy, railroads and freight trains are just as beneficial. A source states, “The approximately 140,000 freight railroad employees are among America’s most highly compensated workers” (Anon, 2020, para.3). Not only do they open up a more sustainable job they are also cost-effective. Shippers who use rails instead of the road can save 10-40 percent, the fuel cost, and driver cost is significantly lower(dallasriffle, 2020, para. 3). This is very helpful when moving heavy freight. Trains have also expanded our trade, the low cost and speed have a great appeal to businesses therefore many goods are being moved via train transportation. 