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Virginia Military Institute is founded in Lexington Virginia
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George H Bissell forms Penn. Rock Oil Company and buys land in Western Penn, where they find oil.
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Edwin L. Drake hired by Bissell to drill for oil in Titusville Penn. where 8-10 gallons a day turned into thousands a day. The "oil mania" began.
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First US newspaper was printed in Boston
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Lincoln signs national curency act
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1st war time military concription Bill enacted
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1st Military draft
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Cleveland becomes major oil refining center.
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Stock market crashes and sets off a six year economic downturn.
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Standard Oil sells inexpensive lamps and oil to fill them in China and around the world.
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Standard Oil trust created with 42 certificate or stockholders.
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Anti-Monopoly sentiment grows across the US
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Sherman Antitrust act passed, outlawing trusts and "combinations in restraint of trade".
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Electricity begins to replace kerosene
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President McKinley assassinated and Theodore Roosevelt, opposed to trusts, becomes president.
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Federal Government brings lawsuit to Sandard Oil company.
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Ohio Surpreme court dissolves Standard Oil Trust and seperates 38 different companies. Rockefeller also gives up title of Standard Oil President