In 1918 the World War I era Council of National Defense was poised to include toys in their ban on the manufacture of nonessential goods during the war. Learn more about A.C. Gilbert's Successful Quest to Save Christmas.
On December 31, 1935, the now ubiquitous winner-take-all board game Monopoly was patented. Since that day, it has been translated into 37 languages and evolved into over 200 licensed and localized editions for 103 countries across the world. The game of capitalism, competition and business strategy has firmly established itself as a significant piece of popular culture.
In December 23, 1913 President Woodrow Wilson signed the Federal Reserve Act which created the Federal Reserve System whose responsibilities were to reform currency and banking system in the United States.