-
First oil well is drilled, Pennsylvania
in 1859 the first oil well was drilled on a quiet farm in Pennsylvania -
Transcontinental railroad is completed
1869
On May 10, 1869, a golden spike was driven at Promontory, Utah, signaling the completion of the first transcontinental railroad in the United States. The transcontinental railroad had long been a dream for people living in the American West. -
roackafeller founded standard oil
Rockefeller founded Standard Oil as an Ohio partnership with his brother William along with Henry Flagler, Jabez A. Bostwick, chemist Samuel Andrews, and a silent partner, Stephen V. Harkness. -
Edison perfects incandescent light bulb
Although the first incandescent lamp had been produced 40 years earlier, no inventor had been able to come up with a practical design until Edison embraced the challenge in the late 1870s. -
Bell patents telephone
Whether Bell's application was filed before or after Gray's caveat no longer mattered, because Gray abandoned his caveat and did not contest Bell's priority, which resulted in Bell being granted U.S. Patent 174,465 for the telephone on March 7, 1876. -
first phone in the white house
On this day in 1877, President Rutherford B. Hayes has the White House's first telephone installed in the mansion s telegraph room. President Hayes embraced the new technology, though he rarely received phone calls. -
Railroads set up standard time zones
The need for continental time zones stemmed directly from the problems of moving passengers and freight over the thousands of miles of rail line that covered North America by the 1880s. -
First electric trolley line, Richmond, VA
The Richmond Union Passenger Railway, in Richmond, Virginia, was the first practical electric trolley (tram) system, and set the pattern for most subsequent electric trolley systems around the world.
February 2, 1888 -
Sherman Anti-Trust Act
Approved July 2, 1890, The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices. The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts. -
Carnegie Steel Company was founded
1892
Carnegie Steel Company, Date founde -
jp morgan
Having financed the creation of the Federal Steel Company in 1898, Morgan in 1901 joined in merging it with the giant Carnegie Steel Company and other steel companies to form United States Steel Corporation, which was the world's first billion-dollar corporation.
