The Model T is the car that’s credited with "putting the world on wheels.” Henry Ford's iconic vehicle also is responsible for hundreds of innovations that jump-started the U.S. automotive industry. Here’s a brief look at 10 ways the iconic vehicle influenced business and social conditions:
1. King of the assembly line. The Model T brought mobility and prosperity on an undreamed of scale through manufacturing efficiencies at a price that anyone could afford. The moving assembly line created the mass-production process, which influenced the “machine age.” It also enabled Ford to steadily decrease the price of the Model T. In 1908, the first Model Ts sold for $825. By 1925, the vehicles sold for only $260.