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Henry Ford most influential businessman ever

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RobertD

07-29-2005 12:07:32




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Twenty Most Influential Businessmen Henry Ford (1863-1947) Forbes.com Staff, 07.29.05, 12:00 PM ET

Most Influential Businessmen Of All Time Forbes.com readers and editors rank Henry Ford as the most influential businessman of all time.

The affordable, drably uniform Model T changed everyday life, transformed the American cityscape and revolutionized business. The assembly line allowed Henry Ford to continually lower the price of the Model T, while making a higher and higher profit due to increased sales volume. "Fordism's" high output, standardized parts and mass production provided the world the "McAutomobile." The modern interstate highway system owes its existence to Ford's invention. Cheap cars enabled Americans to move away from Main Street—and shop at Wal-Mart. Ford's revolutionary $5 wage for a day's work allowed them to afford new luxuries such as education for their children—spurring the economy.

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