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Ford, Henry

World Encyclopedia | 2005 | Â© World Encyclopedia 2005, originally published by Oxford University Press 2005. (Hide copyright information) Copyright

Ford, Henry (1863–1947) US industrialist. He developed a gas-engined car in 1892, and founded Ford Motors in 1903. In 1908 Ford designed the Model T. His introduction of an assembly line (1913) revolutionized industrial mass production. In 1914, Ford raised the minimum wage to $5 a day and reduced the workday to eight hours. He refused, however, to allow union organization in his factories until 1941. In 1945, with the company losing c.$9 million per month, he handed control of the company to his grandson, Henry Ford II (1917–87).

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