Good Ol' Days Project Timeline 1900-1917 By payton__smith 1912 Inflation- 3.6% 1912 GDP- 37.4 1912 Girl Scouts of America is Founded Period: 1912 to 1917 Interest Rate maintained around 4.2% Period: 1912 to 1917 Government Taxes and Spending the federal government was extremely small compared to today’s standards & during peacetime, it usually balanced its budget or ran surpluses 1913 Inflation- 2.4% 1913 GDP- 39.1 Feb 1, 1913 Grand Central Terminal in New York City Opens Dec 1, 1913 First Moving Assembly Line is Introduced 1914 Inflation- 1.3% 1914 GDP- 36.5 1914 First US Income Tax Aug 4, 1914 President Woodrow Wilson Announces US Neutrality in WWI 1915 Inflation- .9% 1915 GDP- 38.7 Jan 25, 1915 First Telephone Conversation in the US 1916 Inflation- 7.7% 1916 GDP- 49.6 1917 Inflation- 17.8% 1917 GDP-59.7 1917 America enters WWI Jun 26, 1917 The First US Troops Arrive in Europe to Assist European Allies in WWI