ELI5: Explain Like I'm 5

Fordism

Fordism is a way of making products in factories. It was created by Henry Ford, who was an inventor and entrepreneur. Fordism means that machines and tools are used to make products in a very efficient way. Products are made quickly, so that more of them can be sold and people have more money to buy them. Fordism makes it so that people can work in factories and produce more products in less time. As a result, people can buy products they need at a lower cost.