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economics 100 year timeline
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US currency
The Gold Standard Act is ratified, placing the United States currency on the gold standard. -
Most deadly natural disaster in US history
This Texas hurricane killed 8,000 people and would have been a catagory 4 hurricane -
Henry Ford forms an auto company
Henry Ford created his own company in Detroit Michigan -
The first transcontinental airline
The first transcontinental airline flight was begun in New York by C.P. Rodgers. It would complete its journey to Pasadena, California after numerous stops and 82 hours and 4 minutes in the air on November 5. -
Grand central station opens
Grand Central Station, the world's largest rail terminal, opens in New York City. -
The 16th Amendment
The 16th Amendment to the United States Constitution is ratified, allowing the Federal government treasury to impose an income tax. The 17th Amendment would be passed on April 8, which set the policy for direct election of U.S. Senators. -
Women are given the right to vote
Women are given the right to vote when the 19th Amendment to the United States constitution grants universal women's suffrage. Also known as the Susan B. Anthony amendment, in recognition of her important campaign to win the right to vote. -
The NFL is established
The American American Professional Football League is formed in 1920 with Jim Thorpe as its president and eleven teams. It would change its name to the National Football League in 1922. -
IBM
The IBM corporation is founded. -
Gambling in Nevada
The state of Nevada legalizes gambling -
The 21st Amendment
The 21st Amendment to the U.S. Constitution is passed, ending prohibition -
National minimum wage
The National Minimum Wage is enacted within the federal legislation known as the Fair Labor Standards Act. It established a minimum wage of $0.25 at the time, as well as time and one half for overtime and the prohibition of most employment for minors. -
Surplus war material to Great Britain
The United States government approves a sale of surplus war material to Great Britain. -
US occupies Iceland
The United States occupies Iceland, attempting to thwart a potential invasion by Nazi Germany. -
NBA is founded
The Basketball Association of America, known as the National Basketball Association (NBA) since 1949 after its merger with the rival National Basketball League, is founded. -
Brinks robbery in Boston
The Brinks robbery in Boston occurs when eleven masked bandits steal $2.8 million from an armored car outside their express office. -
Aid to South Vietnam
Thirty-five military advisors are sent to South Vietnam to give military and economic aid to the anti-Communist government. -
The Daytona 500
The Daytona 500 stock car race is run for the first time with Lee Petty taking the first checkered flag. -
The fifty star flag
The fifty star flag of the United States is debuted in Philadelphia, Pennsylvania, reflecting the admission of Hawaii into the union in 1959 -
Civil rights
An omnibus legislation in the U.S. Congress on Civil Rights is passed. It banned discrimination in jobs, voting and accommodations. -
Medicare is passed
July 1, 1966 - Medicare, the government medical program for citizens over the age of 65, begins. -
US postal servive is made independent
The United States Postal Service is made independent in a postal reform measure for the first time in almost two centuries. -
Ban on advertising cigarettes
A ban on the television advertisement of cigarettes goes into affect in the United States. -
Big south fork NAtional river
Legislation is signed by President Nixon creating the Big South Fork National River and Recreation Area along the Cumberland River in Kentucky and Tennessee. -
Senate eliminates the practice of busing
The Senate passed a bill that virtually eliminated the practice of busing to achieve racial integration. -
Recue the social security system from bankrubtcy
President Reagan signs legislation meant to rescue the Social Security System from bankruptcy -
General Electric coperation
General Electric Corporation agrees to buy RCA Corporation for $6.28 billion in the largest corporate merger ever outside the oil industry. -
The World Trade Center
The World Trade Center is bombed by Islamic terrorists when a van parked below the North Tower of the structure explodes. Six people are killed and over one thousand are injured. -
NAFTA
The North American Free Trade Agreement (NAFTA) goes into effect, creating a free trade zone between Canada, the United States, and Mexico -
US Department of Justice
The United States Department of Justice and twenty states file the anti-trust case, U.S. versus Microsoft. On November 5, 1999, a preliminary ruling stated that Microsoft had monopoly power.
