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First oil well is drilled, Pennsylvania
Edwin Drake drilled the first oil well. He did it in Titusville, Pennsylvania. It was the first commercial oil well that looked for oil. -
Transcontinental railroad is completed
It would be the first time the west and the east linked railroads. People did not have to take the dangerous wagon journey anymore. The union pacific and central pacific railroads combined. -
Rockefeller founds Standard Oil
Rockefeller form the most dominant oil company to exist. He hated his competitors so he bought their companies to keep his prices high -
Bell patents telephone
This invention was one of the greatest because it made it more efficient to communicate with others. -
First telephone on White House
This is very important because the president of the US can speak to people faster so that everything is more efficient. -
Edison perfects incandescent light bulb
This is very important because now people can use these instead of wasting fuel on lamps. -
Railroads set up standard time zones
This is good so that trains do not have accidents as often because of time. -
First electric trolley line, Richmond, VA
This is helpful to people in Richmond because there is a new form of transportation -
Sherman Antitrust Act is passed
This helped in the beginning a little but bribes made this law very weak and barely enforced. -
Carnegie Steel Company is formed
Carnegie's steel company was the top of the steel industry in Philadelphia. He also had a monopoly because hated having competitors. -
J.P. Morgan forms U.S. Steel
J.P. Morgan owned a major banking company and formed the U.S. Steel with his money. He also formed a monopoly by buying other competitors businesses.
