What major contribution did Henry Ford and Ransom old make to the second industrial revolution? Did they invent a new form of transportation? Did they introduce a faster and cheaper method of production? Did they develop an efficient new source of energy? Or did They create a profitable way to organize business? Which one is correct?
1 answer
Henry Ford and Ransom Olds made a major contribution to the second industrial revolution by introducing a faster and cheaper method of production. They did not invent a new form of transportation, develop a new source of energy, or create a profitable way to organize business. Ford and Olds were pioneers in the development of the assembly line production process, which revolutionized manufacturing and increased efficiency and productivity in a variety of industries. This innovation made it possible to mass-produce goods at a lower cost, leading to increased output and profitability for businesses.