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Titanic sinks
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Woodrow Wilson becomes President
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United States becomes world's leading industrial nation
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Federal Reserve Act
Divided country into 12 districts, one bank in each supervised by Federal Reserve Board, banks hleped internal banks and international business -
First Color Film
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World War 1 begins
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Federal Reserve Banks open for business
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Ty Cobb's reign
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Woodrow Wilson re-elected as President
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Economic Confusion
Hard to find work after the mass production of ammunition for WW1 -
First Gas Pipe
The first gasoline pipeline began operation with 40 miles of three inch pipe from Salt Creek to Casper, Wyoming. -
Race Riots in Chicago
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World War 1 ends
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Federal Reserve Banks raise "discount rate" to 7%
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First Radio Broadcast
First broadcast during a baseball game in Pittsburgh. The second broadcast happened the following day Aug. 6, 1921 -
"Talking" Movies created
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Walt Disney creates Disney Company
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Revenue Act
Reduces estate and income taxes and abolishes most exercises -
Calvin Coolidge elected President
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U.S. and France sign agreement on war debt
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Babe Ruth
Babe Ruth (24) signed a 3-year contract with the New York Yankees for a guarantee of $70,000 a year, thus becoming baseball’s highest paid player.
Athletes are starting to get paid more and more as the years pass and the sport become more popular. -
Wall Street shaken- prices swing wildly
This was the first sign that the stock market was in trouble because the process were dangerously fluctuating. -
Herbert Hoover elected President
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Stock Market crashes
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30 Billion dollars in stocks wiped out of New York Stock Exchange
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President Hoover signs income tax reduction bill
Bill said to save taxpayers $160 million -
Bank of United States in NY closes
Most significant bank failure of the year. -
Unemployment rises to 25%
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Kredit-Anstalt fails
Austria's largest bank fails with worldwide repercussion -
Banks Close
800 banks close from September to October of 1931
