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First oil well is drilled, Pennsylvania
Edwin L. Drake and George Bissel were the first to create a functioning oil well, the Drake well, in Titusville, Pennsylvania -
Transcontinental railroad is completed
A golden spike is driven to signify the completion of the transcontinental railroad in Promontory, Utah -
Rockefeller founds Standard Oil
Was a giant monopoly that transported, produced, refined, and marketed oil. -
Bell patents telephone
Alexander Graham Bell patents the telephone, which became a revolutionary invention and was a new way to communicate. -
First telephone on White House
President Rutherford B. Hayes embraced the invention and was the first to bring the telephone in to the White House. -
Edison perfects incandescent light bulb
Although it took a year and a half to create, Thomas Edison introduces the incandescent light bulb and eventually lights up cities -
First electric trolley line Richmond, VA
Successfully tested in Richmond Virginia, this trolley became a practical way to travel and helped set the plan for the rest of the electric trolleys of the world -
Railroads set up standard time zones
Four standard time zones are created in the US in order for railroads to have a uniform time schedule without any confusion -
Sherman Antitrust Act is passed
President Benjamin Harrison passes this Act to ban trusts, which ruled out competition -
Carnegie Steel Company is formed
Created in Downtown Pittsburgh, Carnegie created a steel company which became the biggest in the world at the time. -
J.P. Morgan forms U.S. Steel
J.P. Morgan and attorney Elbert H. Gary founds U.S. Steel by combining it with three other companies in order to make it bigger
