The automotive conveyor-belt system, which Henry Ford modeled after an assembly-line technique introduced by Ransom Olds, reduced the time required to assemble a Model T from a day and a half to 93 minutes.
According to some analysts, the gains in the stock market reflect growing confidence that the economy will avoid the recession that many had feared earlier in the year and instead come in for a “soft landing,” followed by a gradual increase in business activity.