Conclusion

Henry Ford chopping wood

Henry Ford chopping wood. c.1921

[Thomas Edison, Henry Ford, and Harvey Firestone, posed outdoors, standing]

Thomas Edison, Henry Ford, and Harvey Firestone, posed outdoors. c. 1932

Henry Ford had an impact on the development of the middle class. Ford invented the assembly line which helped lower the prices of goods that could be massed produced. Ford also raised the wage in his factories in 1914 to a minimum of $5 a day compared to the previous wage of $2.34 a day. Henry Ford accomplished this just by trying to make his production rate increase. By doing this he made things more attainable for his employees as they now had a more reasonable “living wage.” His employees were now even wealthy enough to contribute to Ford and buy their own cars. He found that his production rates increased as well as the well-being of many of his employees. Henry Ford was an innovator that benefited the economy and helped to create a better standard of living for many. He helped guide more people out of the working class and into the middle class. Therefore, Henry Ford increased the size of the middle class by increasing his means to increase production.