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Entrepreneurship

15 Ruthless Tycoons Who Built — and Broke — America

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5. Henry Ford

5. Henry Ford
Image Source: Wikimedia Commons.

Henry Ford revolutionized automobile manufacturing by introducing the moving assembly line in 1913, reducing the time to assemble a Model T from over 12 hours to just 93 minutes. This innovation made cars more affordable and accessible to the general public. However, Ford’s approach to labor relations was contentious. He implemented strict workplace controls and established the Sociological Department to monitor employees’ personal lives, ensuring they met company standards (lifescienceart.com). Additionally, Ford’s resistance to unionization led to significant labor conflicts, including the Battle of the Overpass in 1937, where union organizers were violently attacked by company security.

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