Henry Ford The Gospel Of Wealth Analysis

The “Gospel of Wealth” is the responsibility of individuals who have acquired wealth throughout their life to use their riches to advance social progress and eliminate wealth inequality. This proposed a way that wealthy individuals could take their excess amount of money and use it to benefit the lives of the less fortunate. Businessmen would take their private earnings and make it into public blessings which is what Henry Ford practiced (Brinkley, p.413). Henry Ford did numerous deeds that enhanced social progress and financial stability of his local community. Ford introduced the five-dollar day and the five-day workweek in the early 20th century. He also used his knowledge and ability to use new ideas to make his automobiles affordable to

So few were given the chance to make such a colossal impact that would give a long-lasting advantage to the public. Ford’s company’s growth influenced the country immensely but also affected the personal lives of his workers. Not only did he pay them well, he made sure they were behaving in a way that he thought was proper with a bonus as an incentive. Ford created a partnership between him and his workers and strived to put them in a position to succeed. Henry Ford and his company prospered not only due to his eagerness to succeed but his eagerness to better the community. Henry Ford had a notable reputation which peaked when he announced the five-dollar wage. The existing wage of the motor car factory before he increased it to five dollars was 2.34 dollars. This hike in wage was due to Henry Ford’s excess amount of money and his desire to invest it back into his workers. This is a prime example of why the practice of the “Gospel of Wealth” was such a respectable act. Twenty-five thousand men benefited from this profit distribution with women and young adults gaining from similar ways. Women received substantial boosts in their pay and adults aged between 18 and 22 who supported their families were included in

He believed that there should be a car that the public could all enjoy and be able to afford. The “Gospel of Wealth” states that an individual should contribute to the growth of social progress. The Model T was one way he contributed by creating a widespread market for automobiles. It was created to be a fair priced automobile that the public could invest in. Ford changed people’s lives completely because the addition of automobiles changed the way they lived. He revolutionized transportation in America which made individuals adapt to new habits that came with Ford’s success (The Flivver King, p.23). When the Model T peaked the streets looked something out of one of Henry Ford’s dream. Everyone was riding around in these little black beetles (The Flivver King, p. 26). The factor that led to Ford’s success in the automobile industry came from his flexibility as a worker and as a leader. Even as young adult when he was in the process of creating the first ever automobile, he portrayed such adaptability to deal with new problems that surfaced. Racing to build the first automobile was no easy task and continuously Ford had to tinker with his device to get it running (The Flivver King, p.4). He kept this trait throughout his life even when he owned his own company. He saw flaws and opportunities to grow like no one else. To Henry Ford, flaws came in the form of lack of