R&D in History – The Ford Assembly Line
Today marks the 100th anniversary of the Ford assembly line.
The Ford assembly line revolutionised the way in which almost everything was mass produced. This revolution in the assembly line caused substantially increased productivity and efficiency.
Due to the increased productivity and number of cars that were available, the cost of cars dropped from $600 (equivalent to $13,500 now) to $360 (equivalent to $8,000 now). This made cars much more widely available, which caused Ford to sell more and more by breaking down the barriers which allowed the lower income families to afford vehicles.
Henry Ford also changed the base pay of plant workers to $5 per day ($110 today) from $2.34, which helped create the middle class.
If you would like to know more about the assembly line and the new innovations done by Ford, click here.
If you think that you are making processes faster or more efficient you may be eligible for an R&D tax claim, contact our tax team Delyth Barnett (email@example.com) or Makayla White (firstname.lastname@example.org)