Ford, Henry (1863–1947)
US industrialist. He developed a gasoline-engined car in 1892 and founded
Ford Motors in 1903. It achieved huge success with the economical and inexpensive
Model T (1908), which from 1913 was produced on an assembly line, lowering
production costs enormously. Almost as startling was Ford's introduction
of an eight-hour working day and a relatively high basic wage.