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Rockefeller Incorporates Standard Oil
John D. Rockefeller's Standard Oil Company is incorporated in Ohio. -
Carnegie Imitates Bessemer Steel
After visiting Henry Bessemer's steel plant in England, and noting the demand in Britain for steel rails, Andrew Carnegie returns to America intent on expanding his steel business. -
Ulysses S. Grant Reelected
President Ulysses S. Grant is reelected to a second term as president of the United States, defeating Horace Greeley, the nominee of both the Democratic and Liberal Republican Parties. -
Alexander Graham Bell Invents Telephone
Inventor Alexander Graham Bell successfully transmits a human voice over a wire. The telephone will revolutionize personal and business communication. -
Railroads Create Standard Time Zones
America's railroads implement the standardized time zones (Eastern, Central, Mountain, Pacific) devised by William F. Allen of the General Time Convention. -
Pullman Strike
Workers employed at the Pullman Company, outside of Chicago, go on strike when the company's owner, George Pullman, refuses to reduce rents in the company housing to match announced wage cuts. -
William McKinley Elected President
Republican William McKinley is elected president of the United States. -
J.P. Morgan's U.S. Steel
United States Steel, J.P. Morgan's holding company, which includes the recently acquired Carnegie Steel, is chartered by the state of New Jersey.
