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The Drake Well
The Drake Well in Northwestern Pennsylvania was named after Edwin Drake, the founder of the well. At first, it was meant to find petroleum, but it turned out that it to be oil that could be turned into high-quality illuminant. -
Transcontinental railroad
The Transcontinental railroad was the connected the west to the east by train for the first time. Not only did this help transportation it made major impacts on businesses. -
Telephone Patent
Alexander Graham Bell receives a patent for his new invention the telephone which transmits speech over wires. This will impact the way people communicate with each other. -
Edison perfects incandescent light bulb
Edison would first create a light bulb that would last for 13.5 hours then 40 hours and finally a light bulb that would last 18 months. -
Railroads set up standard time zones
In order to stop the confusion between many cities, the railroad companies created 4 time zones. Each city would have their own time due to them basing time by the sun. -
First electric trolley line
Frank Julian Sprague was given 90 days to create a working transit system. During this time there was not a single operating transit system that works -
Sherman Antitrust Act is passed
This act would prohibit trusts, which is when a group would give their shares to trustees and then they would have a part of the company that they share and run together. -
Carnegie Steel Company
Carnegie wanted to improve the steel mill, but in the process, he would make the most efficient steel company during its time. -
J.P. Morgan forms U.S. Steel
I wasn't only J.P. Morgan but also attorney Elbert H. Gary The company was made up of Andrew Carnegie's Carnegie Steel company, Gary's Federal Steel Company, and William Henry "judge" Moores's National Steel Company. All of these companies were bought for a total of $492 million. -
Standard Oil
John D. Rockefeller founded the Standard Oil with some of his business partners. This company would expand and own about 90% of the oil industry which led to many disapprovals from the public and the government. They were later disbanded by the Sherman Antitrust Act in 1890. -
Telephone is finally installed in the white house
Herbert Hoover the 31st president of the United States of America was the first president to have a telephone at his desk.
