What was the primary factor responsible for the significant drop in the price of the Model T automobile, making it more affordable to the general public?

Answer 1

The primary factor responsible for the significant drop in the price of the Model T automobile was the implementation of efficient mass production techniques, particularly the assembly line method. Introduced by Henry Ford and his company, the assembly line drastically improved manufacturing speed and efficiency, which reduced production costs. This allowed Ford to lower the price of the Model T, making it more affordable for the general public. Additionally, increased productivity and economies of scale further contributed to the reduction in price as demand for the vehicle grew. As a result, the Model T became widely accessible, revolutionizing personal transportation in the United States and beyond.