Some major political and financial events that happened in 1913 include: [1, 2]

Federal Reserve Act

The Senate passed and President Woodrow Wilson signed the Federal Reserve Act, which created the Federal Reserve System, or the Fed, to oversee monetary policy and establish economic stability. The Fed was created in response to the financial panic of 1907, when the stock market crashed and banks failed. [1, 2]

16th Amendment

The 16th Amendment to the United States Constitution was passed, giving Congress the power to levy an income tax. [3, 4]

Seventeenth Amendment

The Seventeenth Amendment to the United States Constitution was passed, dictating the direct election of senators. [5]

Second Balkan War

The Second Balkan War ended with the Treaty of Bucharest, which was signed on October 10, 1913. Bulgaria was defeated by the combined forces of Serbia, Greece, and Romania. [6]

German military strategist dies

German military strategist Alfred von Schlieffen died in 1913. Von Schlieffen was the mastermind behind an aggressive German military strategy that was later used at the start of World War I. [7]

Other events that happened in 1913 include:
The US Post Office began parcel post deliveries.
The first minimum wage law in the US took effect in Oregon.
Brooklyn Dodger's Ebbets Field opened.
The Lincoln Highway, the first automobile road across the United States, was dedicated. [3]


Generative AI is experimental.
[1] https://www.senate.gov/artandhistory/history/minute/Senate_Passes_the_Federal_Reserve_Act.htm
[2] https://www.investopedia.com/terms/f/1913-federal-reserve-act.asp

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Followed by a few questions from Speakers Officer Alex Mitchell and then further questions from members of the audience.

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