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Period: to
Economic Status
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American Industry
Corporations were reshaped as science, efficiency, and mechanization ttok on new roles. Manufacturing grew by more than 27% between 1910 and 1920. -
Progression
Woodrow Wilson was elected and continued to push the progressive movement. He wanted to eliminate corporate trusts and strove the use the government to protect the people. Reformers continued working for the rights of the general population. -
16th Amendment
Allowed the Government to have a graduated income tax on the U.S. population. -
Underwood Tariff Act
Promoted free-trade by reducing tariffs on foreign goods. -
Acts and Commisions
The Clayton Anti-Trust Act and the Federal Trade Commison (FTC) were proposed. The Clayton Act bnanned monopolies of big businesses, and the FTC enforced this. -
World War I
Pushed the U.S. to become most powerful economic nation. Farmers had great success and industries increased productivity due to war supplies. Steel production doubled its output compared to before the war. Government induced inflation, pushed the wholesale price index up 98% from 1913-1918.
