Thinking and Learning

Although Henry Ford’s name is closely associated with the concept of mass production, he should receive equal credit for introducing labor practices as early as 1913 that would be considered advanced even by today’s standards. Safety measures were improved, and the work day was reduced to eight hours, compared with the ten-or twelve-hour day common [...]

Andrew Carnegie, known as the King of Steel, built the steel industry in the United States, and, in the process, became one of the wealthiest men in America. His success resulted in part from his ability to sell the product and in part from his policy of expanding during periods of economic decline, when most [...]