Big Business Timeline

By mattrutigliano1

  • Transcontinental railroad is completed

    Transcontinental railroad is completed
    May 10, 1869 a golden spike was driven and that showed the first complete transcontinental railroad. It was in Promontory, Utah.

  • Bell patents telephone

    Alexander Graham Bell tested his telephone in 1876 and on March 7 1876 he got a patent for the telephone

  • First telephone on White House

    First telephone on White House
    President Rutherford B. Hayes has the White House's first telephone installed in the mansion s telegraph room.

  • Edison perfects incandescent light bulb

    Edison perfects incandescent light bulb
    Thomas Edison perfects the first commercially practical incandescent light bulb. Using a filament of carbonized cotton thread, his first attempt at this design results in a bulb that lasts about 13.5 hours before burning out. He later extends the life of the bulb to 40 hours.

  • Railroads set up standard time zones

    Railroads set up standard time zones
    Operators of the new railroad lines needed a new time plan that would offer a uniform train schedule for departures and arrivals. Four standard time zones for the continental United States were introduced on November 18, 1883.

  • Sherman Antitrust Act is passed

    Sherman Antitrust Act is passed
    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 is formed

    Carnegie Steel Company is formed
    It was founded in 1892 in downtown Pittsburgh.

  • J.P. Morgan forms U.S. Steel

    J.P. Morgan forms U.S. Steel
    United States Steel Corporation, leading U.S. producer of steel and related products, founded in 1901. At the beginning of the 20th century, a number of businessmen were involved in the formation of United States Steel Corporation, including Andrew Carnegie, Elbert H. Gary, Charles M. Schwab, and J.P. Morgan.

  • Rockefeller finds Standard Oil

    Rockefeller finds Standard Oil
    May 15, 1911 the supreme court ordered that standard oil companies have to shut down. John D. Rockefeller entered the oil industry in 1860 and founded standard oil with some other business partners.

  • First electric trolley line, Richmond, VA

    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

  • First Oil Well is Drilled

    First Oil Well is Drilled
    August 28, 1959 George Bissell and Edwin L. Drake made the first successful oil well.