Here are some one liners...
It's a Duesy of a Car -- The Duesenberg company is established. It will regulated out of existence during the Great Depression.
The Sudden Suicide of Diesel -- Rudolf Diesel takes a flying leap. I talk about the recent settlement of VW over violations of diesel emission standards.
Limitless Government -- Dear God, whatever did we do to deserve this? It starts with Woodrow Wilson and rolls downhill from there.
Limitless Banking -- Dear God, now I see. The Federal Reserve is established.
Notable Births -- Richard Nixon, Jimmy Hoffa, Rosa Parks, and don't forget: Vince Lombardi, Bear Bryant, and Jessie Owens.
In Other News -- Mahatma Gandhi, the Geiger counter and Henry Ford brings the assembly line to his factory.
It's a Duesy of a CarThe Duesenberg Automobile & Motors Company is open for business in Des Moines, Iowa. The two brothers, Frederick and August Duesenberg, are building racing cars and marine engines, but by the 1920's they will be producing luxury automobiles. The Duesenberg will earn the distinction of being the "Rolls Royce" of American cars... the very best that money can buy in terms of luxury, quality of design and materials. Soon "It's a Duesy," will describe anything that is the biggest and/or the best.   
The Sudden Suicide of DieselRudolf Diesel, the inventor of the diesel engine, has disappeared. He boards a steamer in Antwerp for a business meeting in London. He takes a late dinner and asks for an early wake-up call. The next morning, Dr. Diesel is not in his cabin. A quick search reveals an overcoat left neatly folded near the after deck railing. 10 days later, a fisherman pulls a body out of the sea. With heavy weather coming he must abandon the body, but he collects a few items from the pockets. Diesel's son identifies them as belonging to his father. Later speculation suggests that Diesel was murdered for selling secrets to the British, but it is more likely that he committed suicide due to financial losses in real estate speculation and in the stock market. He leaves his wife about £1,000 pounds sterling or three-quarters of a million dollars in 2015 money. While this is a considerable amount to go on with, his patents had come into question which drove him into a deep depression... just as the diesel engine was starting to to replace the steam engine.   
Limitless GovernmentWell... here we are. Woodrow Wilson has been elected President of the United States on a platform of expert domestic management. No foreign entanglements are on the horizon, so its all about fixing the USA. Yes, we can. The old Constitution was good enough for the 18th century man (read is morons) but in the 20th century we need something modern. We can trust the voters to get it right, We can build a government based on science and run by experts... socialism-lite, so to speak. The Constitution limits the power of taxation, but with the ratification of the 16th Amendment our limits are gone! The Feds can tax the income of individual citizens mercilessly... oh... I mean fairly. After all, if you are making too much money, you should be sharing that extra income with your fellow citizens, whether you like it or not. The 17th Amendment is also ratified this year. It allows Senators to be elected by the people rather than be beholden to the state legislature or the governor. Now we have a second House of Representatives promising bread a circuses to the masses... oh... I mean looking out for the little guy. (Sure, Wilbur.) Anything else? Yes. The U.S. Federal Reserve System is established. I knew there was a reason to fear God's justice. Next up... Prohibition.    
Limitless BankingRemember that earthquake that flattened San Fransisco? It caused a world-wide financial panic. Why? Well.. a lot of insurance companies had to pay off, and believe it or not, insurance companies do not exist to pay off your claims. They are like banks. They hold your money in reserve, investing it in other businesses while trusting that you won't need it back any time soon. So after the Great Earthquake, there was the Great Payoff with no money left for investment. There was a run on the banks, so the banks issued script, like casino chips, redeemable in limited locations... like... one location... the bank. J.P. Morgan tried to save the financial system. It wasn't enough. This year, President Woodrow Wilson (Democrat) pledges to reform the banking system. Traditionally, Democrats have despised a central bank, but Wilson thinks it can work. They change the name to "The Federal Reserve." (This is like a Socialist switching to the Democrats. Only the label has changed. It works the same when Libertarians become Republicans.) Now they must convince the man of the common people, the one-and-only, William Jennings Bryant. He is an intelligent man, but he admits that he doesn't fully understand this Federal Reserve system. He eventually signs off. On December 23rd, Wilson signs the bill into law. The financial markets are free... free to do good... free to do bad. The possibilities are limitless... either way. 
- Richard Nixon (Vice-president and President of the United States. I voted for this guy. Hey! I was young.) 
- Jimmy Hoffa (Union leader who will go missing... very likely "sleepin' wit' da fishes".) 
- Rosa Parks (A black woman who forces a legal case by refusing to give up her seat on the bus to a white man.) 
In Other News
- Mahatma Gandhi is arrested. The Indian Passive Resistance Movement has begun. 
- H. Geiger introduces the Geiger counter. It detects radiation by counting individual alpha rays. 
- Henry Ford brings the assembly line to factory production. He is not the first, but everyone is scrambling to catch up now.