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Period: to
Significant Devlopments
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Coinage Act of 1873
This refers to the omission of the silver coin. Silver prices then dropped in 1876, this was the reaction that was intended by the Coinage Act of 1873. -
Sherman Antitrust Act of 1890
This act prohibits certain business activities that federal government regulators deem to be anti-competitive, and requires the federal government to investigate and pursue trusts. -
Model T Introduction
The model T was introduced by Henry Ford. This was known as the first affordable automobile. This made it a very common item for families to have. The rich and the poor could afford transportation with this invention. -
16th Amendment
This amendment allows the congress to levy an income tax without apportioning it among the states or basing it on the United States census. -
Federal Reserve Act
The Federal Reserve Act is an act of congress that created and established the Federal Reserve System. The central banking system of the United States is basically what this is.
