Fordism Influence

Words: 2313
Pages: 10

Fordism is named after Henry Ford, an American Industrialist and founder of Ford Motor Company. The term is a notion given for the social system of mass production combined with mass consumption of inexpensive goods that was driven by Ford in the 1930's. It became the typical mode of economic growth post WW2 and influenced a social order politically associated with advanced capitalism. The system was to manufacture low-cost goods with unskilled labourers while paying a salary where people could afford to buy the goods they made. It became a business model that small enterprises took on from the early 1940's to the 70's giving rise to slums of poor industries. Detroit became a global symbol of modernity and of the power of American capitalism with Ford Motor Company becoming the most successful …show more content…
And how we make things dictates not only how we work but what we buy, how we think, and the way we live.” (Womack, Jones & Roos, 1990)
After six years he raised wages to the '$5 a day' which was a dramatic increase for industrial workers building a stable and loyal relationship with his
…show more content…
People now once again hold professional competence among each other that drives the production of new ideas and new division of economical growth to power. As social and cultural states develope in the newly defined technological era, flexible communication becomes the ligaments that hold the globalised economy intertwined. It continues to have direct impact and affect on how we live our lives or how we perceive our working environments. Although war still continues worldwide causing social and political attention, our dependancy between continents is still growing. Knowledge based economies are becoming the market for the expansion of