Economy from 1910-1920

By Noble 6
  • Period: to

    Economic Status

  • American Industry

    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

    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

    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

    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

    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.