Henry Ford was the leading manufacturer of American automobiles in the early 1900's. He revolutionized the young automobile industry by developing the assembly line method of production. <NP> By manufacturing his own parts and developing a huge system of conveyors to bring the parts to the assembly line, Ford reduced the costs of manufacturing automobiles. And Ford passed on much of the savings created by assembly line production to his customers. <NP> In 1908 when the Ford Motor Company introduced the Model T, it cost $850. By 1924, assembly line innovations helped reduce the price of a Model T to $290. An automobile was now within reach of the average family.
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