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The price of a Model T touring car dropped to $550 in 1913, $440 in 1915,
and to $290 in 1924 thus making it possible for the average family to own one.
In 1914, Ford raised the minimum wage to $5 a day for his employees who were
22 years of age and over. At this pay more the employees earned more than twice of what
most earners received...
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At this pay more the employees earned more than twice of what
most earners received. Ford also reduced the workday from 9 hours to 8 hours a day.
Finally ford introduced a new design called the Model A in 1927 after more than
15 million Model T's had been sold using the mass manufacturing assembly line...
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