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First oil well is drilled, Pennsylvania
George Bissell and Edwin L. Drake made the first successful use of a drilling rig on a well drilled especially to produce oil. -
Transcontinental Railroad is Completed
A railroad that connected the entire country together in a fast cheap and easy way to move products. -
Rockefeller founds Standard Oil
John D. Rockefeller entered the oil industry in the 1860s and in 1870, and founded Standard Oil with some other business partners. -
Bell patents telephone
Alexander Graham Bell created the first ever telephone and gets the patent for it. The telephone revolutionizes the way people communicate till this day. -
First telephone on White House
President Rutherford B. Hayes uses the new technology of the telephone although there isn't many telephones in service. -
Edison perfects incandescent light bulb
Edison finally is able to create a lightbulb that is stable and illuminates well. -
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. -
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. -
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
Andrew Carnegie forms Carnegie Steel Co. Then later sells it 9 years later to a wealthy bank called J.P Morgan. -
J.P. Morgan forms U.S. Steel
His company was finally built and was very successful
