Word: fordism
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Dates: during 2000-2009
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...Benevolent Manufacturing State was the self-funded, full-employment, womb-to-tomb society - for autoworkers, auto executives, their families and their communities - that Henry Ford began in 1914 when he hiked the prevailing $3-a-day wage to $5. "Fordism" outraged capitalists; Ford viewed it as a way to make cars affordable to working people. His people. The industry sputtered during the Depression, an era that gave rise to the unions, but was revived by wartime production as Detroit's manufacturing capacity became a vital weapon in the Allies' arsenal. Detroit reshaped America, spurring a great migration from the South...