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First oil well is drilled, Pennsylvania
George Bissell and Edwin L. Drake made the first successful use of a drilling rig on a well-drilled especially to produce oil -
First telephone on White House
President at the time, Rutherford B. Hayes had the first telephone installed to the White House in the telegraph room. Hayes liked the new technology and was happy about the installation. -
Transcontinental railroad is completed- May 10, 1869
a golden spike was driven at Promontory, Utah which signaled the completion of the first transcontinental railroad in the United States -
Rockefeller founds Standard Oil
formed the company with his brother William, Henry Flager, and another group of men. He was the president and largest shareholder. -
Bell Patents Telephone
Alexander Graham Bell’s invention revolutionized the way people talked to each other. the device would allow for people to instantly talk to each other over long distances -
Sherman Antitrust Act is passed
This was the first Federal Act that did not allow large monopoly business practices. This was also the first act passed by Congress to ban trusts. -
Edison perfects an incandescent light bulb
Thomas Edison worked for years with over 3,000 designs of a light bulb before finally filing for a patent on this day -
Railroads set up standard time zones
Workers of the railroads needed a new time plan in order to create an organized train schedule. Four standard time zones were created for the United States. -
First electric trolley line, Richmond, VA
This Richmond System was first designed by Frank Julian Sprague. After a lot of trial and error, it finally began regularly working with 10 streetcars. Electric power was supplied in the overhead of the streetcar. -
Carnegie Steel Company is formed
made to manage businesses at steel mills in Pittsburgh and Pennsylvania. The success of the company made Andrew Carnegie one of the richest men in histor -
J.P. Morgan forms U.S. Steel
J.P. Morgan and attorney Elbert H. Gary founded U.S. Steel by combining Andrew Carnegie’s Steel Company with Gary’s