Oil Boom
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| oil discovery |
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| one of the first ways of mining oil |
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Short term effects of Oil
Henry Ford did not invent the automobile , however he was responsible for transforming the automobile from an invention of unknown utility to an innovation that shaped the 20th century and continues to effect 21st century.
In the 1920s auto production had become a pillar of the United States economy. By the end of the decade, American factories were churning out 5 million cars a year which was more than any other industry.
Automobiles created new business and cars gave people freedom in several aspects of their lives.
Although cars had many benefits, automobiles caused accidents, pollution, noise, and they also decreased the natural environment.
December 1st 1913 Henry Ford installed the first moving assembly line for the mass production of an entire automobile. His invention reduced the time it took to build a car from 12 hours to 2 and a half hours.
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| first assembly line |
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| first model car
long term
Oil forms one of the pillars of the global economy. It is absolutely critical to the functioning of the globalized world. Everything from making machinery move to plastics can be traced to oil or some byproduct. Oil makes its impact felt on almost every individual's life, and sends ripples through the stock market.
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| exporter of oil 5 products that use or are made of petroleum Ink Floor Wax Ballpoint Pens Football Cleats Boats |
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