-
The first federal law to limit monopolies and promote fair competition. Aimed at "trust-busting" large companies like Standard Oil and U.S. Steel. -
Over-speculation in railroads and shaky banking practices caused a severe economic depression. It began in February and lasted eight months, but had lingering effects.Resulted in bank failures, business bankruptcies, and high unemployment. -
A nationwide railroad strike protesting wage cuts and high rent in company-owned housing. Crippled rail traffic and required federal intervention by President Cleveland. -
The first billion-dollar corporation, founded by J.P. Morgan. Signified the massive scale of American industry and finance. -
Another financial crisis, caused by a failed attempt to corner the copper market. Led to widespread bank runs and sparked the movement for central banking reform. -
The Supreme Court ruled that Standard Oil was an illegal monopoly under the Sherman Antitrust Act.
Split into 34 smaller companies (e.g., Exxon, Chevron). -
Allowed Congress to levy a federal income tax for the first time. Gave the federal government a steady revenue source. -
Created the Federal Reserve System (the U.S. central bank). Aimed to stabilize the economy, regulate banks, and prevent future financial panics.
Plan projects on a visual timeline
Map milestones, phases, deadlines, and key events in one place so the sequence is easier to see and share. Timetoast is a timeline maker for work, school, research, and stories.