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The IBM is founded
The International Business Machines Corporation is an American multinational information technology company headquartered in Armonk, New York, with operations in over 170 countries. -
The 18th Amendment goes into affect
Congress ratified the 18th Amendment, which prohibited the manufacturing, transportation, and sale of alcohol within the United States. -
The League of Nations is founded
The League of Nations was an organization for international cooperation established at the initiative of the victorious Allied Powers at the end of World War I. -
The 19th Amendment is ratified by Congress
The 19th Amendment, which stated that “the rights of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex,” passed both houses of Congress and was sent to the states for ratification. -
Warren G. Harding is elected president
Warren G. Harding was the 29th president until his death 2 years later in 1923 -
Congress enacts Emergency Quota Act.
The objective of this act was to temporarily limit the number of immigrants to the United States. Imposing quotas based on country of birth. Annual allowable quotas for each country of origin were calculated at 3 percent of the total number of foreign-born people. -
President Calvin Coolidge is elected president
John Calvin Coolidge Jr. was the 30th President of the United States. -
President Warren G. Harding dies
President Warren G. Harding died on August 2, 1923, of a Heart Attack -
The stock market begins its spectacular rise.National Origins Act replaces Emergency Quota Act.
Time was full of optimism, and people started to think that this stock market prosperity was permanent and had the power to pull out of the economic crises. -
Herbert Hoover is elected U.S. president.
Hoover was widely known for his alectio, potential presidential candidates long before the campaign of 1928. -
The wall street crash
Sideways trading begins when the stock market plummets to the bottom. Unaware of the trouble coming, President Hoover states that: “Any lack of confidence in the economic future or the basic strength of business in the United States is foolish.” -
Banks Start to Fail
November 7: Causing failures in associated banks in the days that followed, the Bank of Tennessee fails. Weaknesses in the banking system were having an effect on the economy as it was slowly growing, ultimately bringing it back down again.