This clip highlights the Ford Model T and explains how the invention of the assembly line has made it the first car affordable to the masses. It also illustrates how the assembly line improved manufacturing processes and led to job specialization within factories.
American History →
Stock Market Crash of 1929
The narrator in the clip explains the impact of the stock market crash on the United States economy: millions of individuals lost their hard-earned savings, and unemployment rose to 25%. As a result, millions of families had to change the way they lived in order to survive. This new way of life was noticeably less comfortable than their old way of life.