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Explain in Tour Own Words What Role Did Henry and Taylor Play to Increase Productivity Under Capitalism?

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Capitalism is an economic system based on the private ownership of capital goods and the means of production, with the creation of goods and services for profit. Elements central to capitalism include capital accumulation, competitive markets, and a price system. There are multiple variants of capitalism, including laissez-faire, welfare capitalism and state capitalism. Capitalism is considered to have been applied in a variety of historical cases, varying in time, geography, politics, and culture

Henry Ford (July 30, 1863 - April 7, 1947) was an American industrialist, the founder of the Ford Motor Company, and sponsor of the development of the assembly line technique of mass production. Although Ford did not invent the automobile, he developed and manufactured the first automobile that many middle class Americans could afford to buy. His introduction of the Model T automobile revolutionized transportation and American industry. As owner of the Ford Motor Company, he became one of the richest and best-known people in the world. He is credited with "Fordism" mass production of inexpensive goods coupled with high wages for workers. Ford had a global vision, with consumerism as the key to peace.

QUESTION: EXPLAIN IN TOUR OWN WORDS WHAT ROLE DID HENRY AND TAYLOR PLAY TO INCRAEASE PRODUCTIVITY UNDER CAPITALISM?

Henry ford and Taylor increased their production mass in many ways Henry ford as the founder of the automobile made production He believed that mass productivity would be obviated if certain jobs would nevertheless stimulate the larger economy and that grow new jobs elsewhere, whether within the same corporation or in others. Ford also believed that union leaders had a perverse incentive to foment perpetual socio-economic crisis as a way to maintain their own power. Meanwhile, he believed that smart managers had an incentive to do right by their workers, because doing so would maximize their own profits. (Ford did acknowledge, however, that many managers were basically too bad at managing to understand this fact.) But Ford believed that eventually, if good managers such as he could fend off the attacks of misguided people from both left and right (i.e., both socialists and bad-manager reactionaries), the good managers would create a socio-economic system where neither bad management or bad unions could find enough support to continue existing.

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