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Period: to
William Howard Taft is president.
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Establishment of Glacier National Park
Starts domestic tourism. Helped begin the See America First campaign to encourage United States tourists before and during WWI to visit western states and territories. -
Standard Oil dissolved
Standard Oil is declared an unreasonable monopoly and dissolved under the powers of the Sherman Antitrust Act. -
First Transcontineantal Flight
The first transcontinental flight started in New York by C.P. Rodgers -
16th Amendment ratified
Allows Federal government ti impose an income tax. -
Period: to
Woodrow Wilson is president
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Assembly Line Introduced
The Ford Motor Company introduces and adopts the first moving assembly line for production. Now, it takes almost 10 hours per vehicle. -
Federal Reserve System created
A major reform of the American financial and banking system occurs with the establishment of the Federal Reserve System. -
World War I
The United States joined the World War I in 1917, unleashing massive U.S. spending, which shifted national production from civilian to war goods. Unemployment declined from 7.9% to 1.4% due to new manufacturing job availability and drafting of labor civilians to serve in the military. -
Lusitania sunk by German submarine
128 American passengers were lost, and Germany issued an apology and promised payments. -
US Gov. cuts ties with Germany
The Zimmerman Telegram is given to the US by Britain. In it, Germany promises US territory to Mexico if they would declare war on the US. -
Selective Services Act
Drafted soldiers for WWI -
18th Amendment ratified
Prohibition becomes the law of the land. It would be illegal to sell and/or consume alcohlic beverages until the passage of the 21st Amendment -
Great Steel Strike of 1919
After WWI, workers faced difficult working conditions and over 350,000 people went on strike against the United States Steel Corporation. Inflation after the war led to high unemployment, business bankruptcy and decrease in wages. Workers couldn't fulfill basic family needs such as food and clothing. -
Period: to
Roaring 20s
The Roaring 20s were was a time for economic progress for most Americans. The decade marked the flourishing of modern mass- production. Many companies grew larger, creating new jobs that allowed people to make enough money to new kinds of products. Due to this, the standard living of increased and the nation's wealth more than doubled. However, the American minority who controlled agriculture experienced and prolonged depression because of the decline in agricultural need/demand. -
19th Amendment
Grants universal women's suffrage in the United States. -
Period: to
Warren G. Harding is president
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Emergency Quota Act
Estabished by the United States Congress to limit the amount of incoming immigrants through a national quota system -
Teapot Dome Scandal begins
The US Secretary of the Interior leases the Teapot Oil Reserves in Wyoming. -
Fordney-McCumber Tariff is passed.
Tariff passed to raise the taxes on imports of foreign goods to protect American farms and industries. It also ensured that european manfacturers could not undersell American manufacturers. -
Period: to
Calvin Coolidge is president.
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Air Commerce Act is passed
This act provides aid and assistance to the airline industry and also provides federal oversight under the Department of Commerce for civil air safety. -
Teapot Dome Scandal Ends
Albert B. Fall, the former Secretary of the Interior, is convicted of accepting a $100,000 bribe for leasing the Elk Hills naval oil reserve. He is sentenced to one year in jail and a $100,000 fine. -
Stock Market Crash
The Stock Market Crash caused many people to sell their businesses and lose their life savings. After the Crash, the subsequent Depression harmed the economy. Unemployment rose 25%, economic growth fell 50%, and world trade plummeted 65%. That's partly because prices fell 10% a year, thanks to deflation.
