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Gold Standard
Gold Standard, "a monetary system in which the standard economic unit of account is based on a fixed quantity of gold", was introduced at the start of the 20th century. America agreed to convert paper money into a fixed amount of gold. -
Theodore Roosevelt President
1901 marks the first term's year of the famous Theodore Roosevelt Presidency. -
Roosevelt Corollary addition to Monroe Doctrine
In his state of the union address, President Roosevelt made an addition to the Monroe doctrine to intervene with the Central American states. This was done in order to stabilize their economic affairs. This was a very controversial addition. -
Amendment Changes
The sixteenth amendment authorizing income taxes was ratified this year along with the ratification 17th amendment. The 17th amendment provided for direct election of Senators. -
Woodrow Wilson President
Democrat Woodrow Wilson was inducted as the 28th President of the United States. He would see the United States through the first World War during his two terms. -
World War I
The "War to end all Wars" began. Originating in Europe, the assassination of Archduke Franz Ferdinand kicked off the war between Austria-Hungary and Serbia. Eventually, other nations joined in because of alliances or looming threats. -
United States Enters the War
After the sinking of the RMS Lusitania, the interception of the Zimmerman telegram, and the threat of the Central Powers, the United states entered the war. Woodrow Wilson declared war on Germany and allianced America with the Allied Powers. -
World War I Ends
After the Allied Powers defeated the Central Powers in combat, the signing of the Treaty of Versailles officially declared the end of the first world war. -
18th Amendmeny
The 18th Amendment was formed to ban all types of "intoxicating liquors", sending the U.S. into the nationwide Prohibition. This did not end until the addition of the 21st Amendment 13 years later, finally making alcohol legal again. -
19th Amendment
The 19th Amendment was formed to finally give women the right to vote. This was the biggest step in American history for gender equality, and eventually paved the way for women to hold public office positions.
