Compare the following two graphs. What was the relationship between the cost of cars and the number of cars sold in the U.S. in the years 1900 and 1925? What does this tell you about the effectiveness of Ford’s innovative approach to manufacturing? (Minimum of 4 sentences.)
Based on the two graphs comparing the cost of cars and the number of cars sold in the U.S. in 1900 and 1925, the relationship between these variables is quite notable. In 1900, the cost of cars was significantly high, which resulted in a relatively low number of cars sold. On the other hand, in 1925, the cost of cars dropped dramatically, leading to a substantial increase in the number of cars sold.
This stark contrast in the relationship between cost and sales suggests that Ford's innovative approach to manufacturing, specifically the introduction of the assembly line and mass production techniques, was highly effective. By implementing these methods, Ford was able to significantly reduce the cost of producing cars, making them more affordable and accessible to the general public. As a result, the demand for cars increased, leading to the notable rise in the number of cars sold in 1925 compared to 1900. Thus, Ford's manufacturing approach revolutionized the industry and made automobiles more affordable and available to the average American.