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The Gold Standard Act
The Gold Standard Act of the United States established gold as the only standard of redeeming paper money, stopping bimetallism. It was signed by William McKinley. -
Theodore Roosevelt
Theodore Roosevelt is sworn in as the 26th President of the United States. -
Hay-Pauncefote Treaty
This is an agreement between the US and Great Britain giving the US the sole right to build a canal across Central America connecting the Atlantic and Pacific. -
Elkins Act
The Elkins Act is a 1903 United States federal law that amended the Interstate Commerce Act of 1887. The Act authorized the Interstate Commerce Commission (ICC) to impose heavy fines on railroads that offered rebates, and upon the shippers that accepted these rebates. -
The Wright brothers make first powered flight
They made the first controlled, sustained flight of a powered, heavier-than-air aircraft with the Wright Flyer south of Kitty Hawk, North Carolina. The brothers were also the first to invent aircraft controls that made fixed-wing powered flight possible. -
Panama Canal
The Panama Canal is an artificial 82 km waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean. The canal cuts across the Isthmus of Panama and is a conduit for maritime trade. It was completed August 15, 1914. -
Roosevelt Corollary to Monroe Doctrine
The corollary stated that not only were the nations of the Western Hemisphere not open to colonization by European powers, but that the United States had the responsibility to preserve order and protect life and property in those countries. President Theodore Roosevelt’s assertive approach to Latin America and the Caribbean has often been characterized as the “Big Stick,” and his policy came to be known as the Roosevelt Corollary to the Monroe Doctrine. -
Aldrich-Vreeland Act
The Aldrich–Vreeland Act, passed in response to the Panic of 1907, established the National Monetary Commission, which recommended the Federal Reserve Act of 1913. -
Ford Model T was introduced
The Ford Model T is an automobile produced by Ford Motor Company from October 1, 1908, to May 26, 1927. It is generally regarded as the first affordable automobile, which made car travel available to middle-class Americans. -
William Howard Taft
William Howard Taft sworn in as the 27th President of the United States. -
16th Amendment was established
The Sixteenth Amendment to the United States Constitution allows Congress to levy an income tax without apportioning it among the states on the basis of population. It was passed by Congress in 1909 in response to the 1895 Supreme Court case of Pollock v. Farmers' Loan & Trust Co. -
Woodrow Wilson
Woodrow Wilson is sworn in as the 28th President of the United States. -
The 17th Amendment established
The Seventeenth Amendment to the United States Constitution established the direct election of United States senators in each state. -
Federal Reserve System
It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law -
World War I
The assassination of Archduke Franz Ferdinand of Austria on June 28, 1914, led to this war that lasted through 1918. In the beginning, it was two alliances of three countries each pitted against one another. The Triple Entente included Britain, France, and Russia while the Central Powers included Germany, the Austro-Hungarian Empire, and the Ottoman Empire. -
The 18th Amendment established
This amendment established the prohibition of alcohol in the United States. -
The 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. -
The 19th Amendment established
The 19th Amendment to the US Constitution prohibits the states from denying the right to vote to citizens of the US on the basis of sex, in effect recognizing the right of women to a vote.