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First oil well is drilled, Pennsylvania
In Pennsylvania, Edwin L. Drake and George Bissell struck oil in a creek in a valley named Oil Creek -
Transcontinental railroad is completed
A golden nail was driven in Utah, Promontory which showed the completion of the railroad -
Rockefeller founds Standard Oil
Rockefeller and a few other business associates started up Standard oil and immediately flourished since it started in favorable economic conditions -
First Telephone on White House
Rutherford B. Hayes had a telephone installed in the mansions telegraph room -
Bell patents telephone
Bell gains a patent for his hearing device that turns into his replacement for telegrams -
Edison perfects his incandescent lightbulb
Edison made it extremely cheap to produce light in any media -
Railroads set up time zones
Rail roads set up time zones to set up a uniform system for departures and arrivals -
First electric trolly
It was the first practical electric public transport system -
Sherman Anti-Trust act is passed
The act was passed to prevent monopolies to give consumers choices -
Carnegie Steel if formed
His Bessemer process gave him the ability to have vertical integration in forming steel -
J.P. Morgan forms U.S. Steel
J.P. Morgan combined Carnegie Steel and Federal Steel Company to form one conglomerate
