-
Ford Motor Company mass-produces cars
The Ford Motor Company mass produced the model T car that sold rapidly in the untied states -
Rolls-Royce creates their first vehicle
Rolls Royce make the 10 hp -
Theodore Roosevelt is inaugurated as president
Theodore Roosevelt accomplished low inflation during his term : "During both his first and second term, President Roosevelt was able to keep inflation low, with the rate increasing each term by only five percent" -
Kelloggs Company was founded
-
Panic!
"A banking panic erupts when New Yorks Kinkerbocker bank fails. Depositors rushed to withdraw their bank savings, causing the collapse of 246 other banks." -
Barden Powell starts the boy scouts of america
The boy scouts would go on to do lots of community service and selling popcorn -
William Howard Taft is elected
Taft goes on to create the Mann-Elkins act which put a stop to high railroad prices -
Inflation Rate
1903-1909 $1 is equal to about $26 in 2017