Which statements describe the American economy in the 1920s - 1930s?

1. Many believe that innovations in industrial production (such as those occurring in automobile manufacturing) contributed significantly to the Great Depression of the 1930s
2. Clearly, the process innovations and labor-saving technology produced many new products and new technology-based jobs in the late 1920s and 1930s
3. Industrial research laboratories in the 1910s and 1920s pushed very aggressively to find new product ideas bringing new technologies into mass markets
4. By the end of the 1920s, most of the new consumer durables (automobiles, household appliances, etc.) had saturated their markets among "first time" buyers
5. On the whole, increases in labor productivity in manufacturing tended to eliminate manufacturing jobs through the 1920s -- at the same time industrial output was increasing dramatically
6. The Technocracy Movement of the 1930s blamed unemployment on rapid adoption of new manufacturing processes, and the technocrats sought to stop the rapid development of new technology

What happened in the early automobile industry, 1900 - 1930?

1. The automobile had such a dramatic impact because there were no precedents either in mass production or in precision manufacturing for large volume markets
2. Henry Ford was the first to attempt to manufacture automobiles for a mass market
3. The Model T was introduced several years before Henry Ford set up his first moving assembly line
4. The automobile boom drew money away from other sectors and the production of automobiles had a very limited ripple effect on the American economy
5. Henry Ford led the way in making the automobile a universal product, but General Motors led the way in areas such as model diversity and styling

What did Henry Ford and Alfred P. Sloan do?

1. According to Livesay, Ford was a man of paradoxes who pushed the logic of 19th-century industrialization to its limit
2. According to Livesay, Ford proved exceptionally adaptive and ready to change in the 1920s when Model T sales began to fall off
3. Alfred Sloan was a man who knew little about precision manufacturing -- his talents lay solely in the realm of financial management
4. According to Livesay, Ford had exceptional mechanical talents but his real genius lay in defining the automobile as a "universal necessity"
5. By the end of the Model T product run (1927), Henry Ford had made his company the most profitable corporation in America
6. "Sloanism" was based on selling utility -- style was a secondary consideration

What can we Say about the New Factory

1. The key to the development of manufacturing products using interchangeable parts actually lay in precision machine tools, that is developing  better machines to make machines
2. The greater productivity of the "New Factory" created cheaper goods, higher wages, and more leisure time for Americans
3. From the late 1890s onward, developments in the automobile industry drove the development of a revolution in the machine tool industry
4. Electrification of the "New Factory" had little impact on the operation of machines; electricity entered the "New Factory" primarily as an improved source of lighting
5. Labor unrest in the period around the 1890s made industrialists eager to adopt new management strategies that would help them wrest control of production from their workers
6. New social ideals in the late 19th century bolstered the American belief that even if greater managerial control of production hurt workers in the short term, such control produced long-term benefits that produced a social good
7. Taylor clearly recognized the skills of workers and thought managers should seek to motivate them psychologically--rather than with
   simplistic financial incentives
8. Taylor believed "Scientific Managers" should help each worker develop an individual "way" to do a job in order to get maximum
   benefit from each worker's skills and aptitudes