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George Bissell and Edwin L. Drake succeed in drilling an oil rig in Oil Creek near Titusville, Pennsylvania.
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The presidents of Union Pacific and Central Pacific meet in Promontory, Utah.
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Standard Oil is founded by John D. Rockefeller and Henry Falger in Cleveland OH. It produced, transported, refined, and sold oil.
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Alexander Graham Bell is granted the patent for the telephone, and completes it three days later.
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President Rutherford B. Hayes has the White House's first telephone installed in the mansion's telegraph room. President Hayes embraced the new technology, though he rarely received phone calls.
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Thomas Edison perfects carbonized cotton filament light bulb
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Plans needed to determine universal departures for trains. Four standard time zones for the United States are introduced.
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Electric power is supplied through overhead trolley wires. Cars weigh 6,900 pounds, provided 40 seats, carried up to 100 passengers, and run at 7.5 miles per hour.
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The Sherman Anti-Trust Act is the first Federal act to outlaw monopolies and prohibit trusts.
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Carnegie Steel Company is founded in Pittsburgh, PA by Andrew Carnegie and several other close associates.
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Those involved in the creation of US Steel were Andrew Carnegie, Elbert H. Gary, Charles M. Schwab, and, most importantly, J.P. Morgan. The company was based out of Pittsburgh, Pennsylvania.
Plan projects on a visual timeline
Map milestones, phases, deadlines, and key events in one place so the sequence is easier to see and share. Timetoast is a timeline maker for work, school, research, and stories.