Robber barons pt 2
Storyboard Text
- New factory
- The great depression
- 1/2 off
- I was laid off, i`m sorry.
- Eight years after construction began, Ford's enormous River Rouge factory complex begins full-scale automobile production. The vertically-integrated factory is Henry Ford's vision realized: entire finished vehicles could be built from scratch using raw materials owned and supplied by the Ford Motor Company without dependence on outside suppliers. Ford had once told a colleague that he "wanted the raw materials coming in on one end of the Rouge plant and the finished cars going out the other end." (late 1927)
- Under pressure
- The stock market crash and the great depression hit the U.S.(October 29, 1929)
- Sold!
- Henry Ford institutes the $7 day in an effort to aid his workers and fend off the effects of the Depression, but it is to no avail: between 1929 and 1932, Ford must lay off nearly half of his workforce.(December 1, 1929)
- Henry died
- Under pressure from Edsel, the unions, and the government, whose war contracts were at stake, Ford finally signs an agreement with union officials. He gives the UAW everything it wants and more -- a union shop, wages equal to the highest in the industry, and union dues deducted from workers' paychecks. (June 1941)
- After Henry's stroke Henry Ford II, Edsel's oldest son and president of Ford Motor Company for just six weeks, sells Fordlandia back to the Brazilian government for a fraction of its value.(April 7, 1947)
- Henry Ford dies at Fair Lane at age 83.(April 7, 1947)
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