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History Documentary - Ford produced cars better than they...

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Feb. 25 History: Documentary Consumer society was an economic development, Americans revised and altered the ways in which they conducted their private life, what they did with their leisure time – dance halls to adapt to other cultures Consumerism is about much more than simply relationship between employer and employee Problem between labor and capital was not resolved as of the 1920s, nothing Progressives had done had allowed the American state to take control and regulate the economy in any meaningful way Welfare capitalism – bargain that broke down in the 1920s Cathedral of Industry – Ford, heart of American industry – Detroit where Ford industry located By 1927 Ford controlled most important industry and was determined to let no one interfere Ford became isolated and feared he could not control his employees
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Unformatted text preview: Ford produced cars better than they produced jobs, letting many go unemployed They hired more younger employees and let the older ones go Americans were living beyond their means, buying things on easy credit President Hoover opened 1930 baseball season as a show of confidence, but they had no national relief for poor or unemployment security Hoover favored creating new jobs in private industry for the unemployed, felt that giving money would create a class of demoralized poor class Depression had overrun most farm towns long before, food riots in the Midwest and now unemployment in Toledo was 80% Mass producing cars, refrigerators, etc. were now easy but the employers could no longer purchase the fruits of their labor August of 1931 Ford stopped making cars 1...
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