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in 1859 the first oil well was drilled on a quiet farm in Pennsylvania
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1869
On May 10, 1869, a golden spike was driven at Promontory, Utah, signaling the completion of the first transcontinental railroad in the United States. The transcontinental railroad had long been a dream for people living in the American West. -
Rockefeller founded Standard Oil as an Ohio partnership with his brother William along with Henry Flagler, Jabez A. Bostwick, chemist Samuel Andrews, and a silent partner, Stephen V. Harkness.
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Although the first incandescent lamp had been produced 40 years earlier, no inventor had been able to come up with a practical design until Edison embraced the challenge in the late 1870s.
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Whether Bell's application was filed before or after Gray's caveat no longer mattered, because Gray abandoned his caveat and did not contest Bell's priority, which resulted in Bell being granted U.S. Patent 174,465 for the telephone on March 7, 1876.
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On this day in 1877, 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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The need for continental time zones stemmed directly from the problems of moving passengers and freight over the thousands of miles of rail line that covered North America by the 1880s.
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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.
February 2, 1888 -
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.
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1892
Carnegie Steel Company, Date founde -
Having financed the creation of the Federal Steel Company in 1898, Morgan in 1901 joined in merging it with the giant Carnegie Steel Company and other steel companies to form United States Steel Corporation, which was the world's first billion-dollar corporation.
