- President McKinley is fatally shot. Theodore Roosevelt is sworn in as his successor.
- Federal spending: $0.53 billion
- The first Nobel Prizes are awarded.
- Baseball's American League declares itself a Major League.
- J. P. Morgan's purchase of US mines marks the first billion dollar business deal.
- Abraham Lincoln's body is exhumed and re-interred in concrete several feet thick.
Historical Highlights from 1901