My list would look like this:
1910s: Election of Wilson to end of WWI, slowing the era of progressivism (1913-1918)
1920s: Economic growth and cultural lavishness, last hurrah for the super rich (end of WWI to Stock market crash '29)
1930s: Great Depression, New Deal, Dust Bowl (mass migration) (1929-1938)
1940s: Growing fear of fascism, holocaust, WWII, spread of communism (Beginning of war in Europe 1939-Korea 1953)
The period from the beginning of the First World War until the conclusion of the Second World War really marks the turning point of major geopolitical shifts away from western Europe, with the 19th century being the century of England and the 20th being the century of the Soviet Union and the U.S.
1950s: Prosperity, cold war, nationalism (1953-inauguration of JFK 1961)
1960s: Cultural turmoil, cold war scares, Great Society (inauguration of JFK through the end of LBJ, 1969)
1970s: Economic malaise, oil crisis, environmental crises, general pessimism (2nd Inauguration of Nixon-inauguration of the Gipper) The election of '68 was very much '60s, but I think the election of '72 was kind of an "enough is enough" election that signaled the end of the '60s turmoil and the beginning of the '70s turmoil
1980s: Ending the cold war, increased presence in Middle East and Latin America, Evangelical movement, Gulf War (Inauguration of Reagan through the end of the gulf war, 1991)
1990s: Post-soviet collapse, relative peace and prosperity, rise of terrorism, Gen Y starts to come of age, bubblegum pop preps make a come back (1991-Sept. 10th, 2001)
2000s: Post 9/11, terrorism as a major issue, environmental problems and solution coming to light, rise of China, India, and the EU as super powers (2001-present)