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Gold Standard
The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price -
Theodore Roosevelt Becomes President
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Roosevelt Corollary to Monroe Doctrine
The Roosevelt Corollary of December 1904 stated that the United States would intervene as a last resort to ensure that other nations in the Western Hemisphere fulfilled their obligations to international creditors, and did not violate the rights of the United States -
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Panama Canal Built
The Panama Canal was built to reduce the distance that ships had to travel to pass between the Atlantic and Pacific Oceans. The canal allows shippers of commercial goods (anything from automobiles to fuels) to save time and money. -
Hepburn Act, Pure Food and Drug Act
The Hepburn Act is a 1906 United States federal law that gave the Interstate Commerce Commission the power to set maximum railroad rates and extended is jurisdiction. This led to the discontinuation of free passes to loyal shippers. -
Election of Woodrow Wilson
The United States presidential election of 1916 was the 33rd quadrennial presidential election, held on Tuesday, November 7, 1916. Incumbent Democratic President Woodrow Wilson defeated Supreme Court Justice Charles Evans Hughes, the Republican candidate. -
World War 1 Begins
The direct cause of WWI was the assassination of Archduke Franz Ferdinand at Sarajevo on 28 June 1914. However historians feel that a number of factors contributed to the rivalry between the Great powers that allowed war on such a wide-scale to break out. -
Lusitania Sunk, U.S. intervened
The sinking of the Cunard ocean liner RMS Lusitania occurred on Friday, 7 May 1915 during the First World War, as Germany waged submarine warfare against the United Kingdom which had implemented a naval blockade of Germany. The ship was identified and torpedoed by the German U-boat U-20 and sank in 18 minutes. -
KKK Revived
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U.S. Enters WW1
On April 6, 1917, the U.S. joined its allies--Britain, France, and Russia--to fight in World War I. Under the command of Major General John J. Pershing, more than 2 million U.S. soldiers fought on battlefields in France. Many Americans were not in favor of the U.S. entering the war and wanted to remain neutral. -
Russian Revolution
The Russian Revolution took place in 1917, during the final phase of World War I. It removed Russia from the war and brought about the transformation of the Russian Empire into the Union of Soviet Socialist Republics (USSR), replacing Russia's traditional monarchy with the world's first Communist state. -
Treaty of Versailles
The Treaty of Versailles was the most important of the peace treaties that brought World War I to an end. The Treaty ended the state of war between Germany and the Allied Powers. -
WW1 Ends
Germany had formally surrendered on November 11, 1918, and all nations had agreed to stop fighting while the terms of peace were negotiated. On June 28, 1919, Germany and the Allied Nations (including Britain, France, Italy and Russia) signed the Treaty of Versailles, formally ending the war. -
Eighteenth Amendment Prohibits Alcoholic Beverages
The Eighteenth Amendment is the only Amendment to ever have been repealed from the United States Constitution–via the inclusion of the Twenty-First Amendment. The 18th Amendment called for the banning of the manufacture, sale, or transportation of alcoholic beverages. -
Red Scare
The rounding up and deportation of several hundred immigrants of radical political views by the federal government in 1919 and 1920. This “scare” was caused by fears of subversion by communists in the United States after the Russian Revolution. -
Nineteenth Amendment Gives Women the Right to Vote
The Nineteenth (19th) Amendment to the United States Constitution granted women the right to vote, prohibiting any United States citizen to be denied the right to vote based on sex. It was ratified on August 18, 1920 after a long struggle known as the women's suffrage movement.