20 Jan.

President Woodrow Wilson, in an address to Congress, calls for the strengthening of the nation's antitrust laws.

The Smith-Lever Act provides grants for agricultural extension work to be developed by land-grant colleges and the Department of Agriculture.

15 Aug.

The Panama Canal officially opens.

20 Aug.

Great Britain issues an order-in-council on wartime trade that makes it increasingly difficult for goods of any sort to reach Germany. The United States protests the measure as an interference of the rights of neutrals.

26 Sept.

The Federal Trade Commission Act is adopted. It is designed to bar unfair competition in interstate trade.

15 Oct.

The Clayton Antitrust Act becomes law. It is intended to eliminate monopolistic practices that have developed since the passage of the Sherman Antitrust Act. Both companies and individual corporate officers are subject to prosecution. It also states that labor and agricultural organizations are not illegal combinations under the antitrust laws...