“Wealth, like happiness, is never attained when sought after directly. It comes as a by-product of providing a useful service.”
Attributed to Henry Ford (1863 – 1947)
Henry Ford was the founder of the Ford Motor Company and father of modern assembly lines used in mass production. His introduction of the Model T automobile revolutionized transportation and American industry. He was a prolific inventor and was awarded 161 U.S. patents. He is credited with “Fordism”, that is, the mass production of large numbers of inexpensive automobiles using the assembly line which would finish a car in 98 minutes, coupled with high wages for his workers notably the $5.00 a day pay scale adopted in 1914. Ford, though poorly educated, had a global vision, with consumerism as the key to peace. His intense commitment to lowering costs resulted in many technical and business innovations, including a franchise system that put a dealership in every city in North America, and in major cities on six continents.
