Fordism, a term derived from the industrial practices of Henry Ford, refers to a mode of industrial production and the associated socio-economic systems that characterized much of advanced capitalism during the 20th century. Ford's methods revolutionized manufacturing through the introduction of assembly lines, standardized products, and high wages for workers, setting the stage for modern consumer societies. This exploration delves into the definition of Fordism, its historical development, key characteristics, sociological implications, and its evolution and legacy in contemporary economic contexts.
Historical Development and Theoretical Foundations
Fordism emerged in the early 20th century, with the Ford Motor Company at its forefront. Henry Ford implemented the first moving assembly line for the mass production of automobiles in 1913. This innovation drastically reduced production times and costs, making cars affordable to a larger segment of the American public and significantly altering the landscape of manufacturing.
