The nationâs economy grew just 1.2 percent in the second quarter of the year, and 0.8 percent in the first three months of the year. Don't forget the national debt. It hit $19.5 trillion for the first time ever during the week just ending, a little more than seven months after it hit the $19 trillion mark.
U.S. proclaims neutrality in World War I, August 4, 1914. On this day in 1914, as World War I erupted across Europe, President Woodrow Wilson declared that the United States would remain âimpartial in thought as well as in action.â At the time, a vast majority of Americans approved of Wilsonâs policy of strict U.S. neutrality.
The US entered World War I largely because of the German practice of submarine warfare. The entry of the US broke the stalemate that had existed for most of the war and led to the Allied victory. The US did not like the fact that Germany was using submarines to sink ships headed for England.