es that controlled every aspect of there industry. Some examples of this would be the Norther Securities Company, and the Knickerbocker Trust Company. These companies were huge and very powerful, and was Americans were sick of being controlled by the big companies. Thus Trust era came to and end and the formation of Unions became a vital part of the American economy(Collins, Alan )Some of the interesting events that occurred during this decade were things such as the wright brothers first flight at Kitty Hawk North Carolina; The first rapid transit system, the New Your City subway system, opens.( Johnson, Deb ); The infamous San Francisco earthquake and fire occurs.( Collins, Alan ); The invention of the automobile. These along with many other events would once more help America shape its identity.The Next Decade of the 20th century held many things in store for the American people. The economy and events that took place during this time will never be forgotten by anyone in America.The economy of this decade was once again a shaky one. America was dealing with the fact that times and the economy were growing faster than they could keep up with. One of the key factors that spurred the economy was the Ford Motor Company. In 1914 Henry Ford startled the country by instituting the then high base-wage scale of $5 a day.( Grolier ) This allowed for major changes to occur throughout America's economy. Ford had set the precedent and other companies were forced to follow his example. This of course raised the standard of living in America and around the world. Another thing that allowed America's economy to stay afloat was President Woodrow Wilson's address to a joint session of Congress on April 2, 1917, asking for a declaration of war against Germany.( Collins, Alan ) "The world," Wilson proclaimed, "must be made safe for democracy." These and other events played large roles in the economy of the second decade of the 20th century.World War I ...
