The Ford Motor Company perfected the assembly line and introduced the $5 per day wage, double the industry standard.
The Sixteenth Amendment to the United States Constitution was ratified, allowing the federal government to “lay and collect taxes on incomes.”
The Seventeenth Amendment, requiring the election of senators by voters of each state (rather than by state legislatures), was ratified.
The Underwood Tariff reduced the tariff and instituted a graduated income tax to make up for revenue lost in tariff reductions.
The Federal Reserve Act created the Federal Reserve System to serve as the nation’s central bank.
The Clayton Antitrust Act prohibited some monopolistic business practices and protected unions and farmers’ organizations from prosecution under the Sherman Anti-Trust Act.
Twenty-five thousand suffragists marched in New York City.
Margaret Sanger opened the first birth control clinic in Brooklyn, New York, but it was closed by police after only ten days.
Woodrow Wilson was re-elected president of the United States, having used the motto, “He kept us out of the war,” as a campaign slogan.
The Progressive Party (or “Bull Moose” Party) was formed in 1912 as a vehicle for Theodore Roosevelt’s nomination for president. The party disbanded in 1916 upon Roosevelt’s return to the Republican Party.