23 Feb.

Federal aid is provided for vocational/educational aid under the Smith-Hughes Act.

31 Mar.

The Council of National Defense establishes the General Munitions Board.

24 Apr.

The Liberty Loan Act is adopted. It provides for the public sale of bonds and the extension of loans to Allied Powers.

The General Munitions Board is succeeded by the War Industries Board. It effectively runs the economic mobilization effort for the war.

10 Aug.

The Lever Food and Fuel Control Act is passed to increase the production of food and fuel and to provide for their effective distribution. The food program, administered by Herbert Hoover, is particularly effective.

3 Oct.

The War Revenue Act establishes graduated personal income and excess profits taxes and higher postal rates.

6 Oct.

The Trading with the Enemy Act establishes an office of Alien Property Custodian to handle enemy property in the United States, most of which is sold. Trading with...