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George Bissell and Edwin L. Drake were the first to use a drill and tap into an oil well
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The final spike, made from gold, was driven into the ground signifying the completion of the Transcontinental railroad.
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It was producing a transporting, refining, and marketing company that had a monopoly. It was dissolved in 1911 for being an illegal monopoly.
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Bell receives a patent for his telephone, which is a controversy because other inventors claim that they first invented it.
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President Rutherford. B Hayes installed the first telephone in the white house in the telegram room. He rarely received any calls but he liked the new technology.
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With a new carbonized filament, and an improved vacuum inside the globe, he was able to make a new long lasting light source.
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Railroads create a new time schedule that they can all follow for arrivals and departures, and it ends up being the new standard time used in the Continental United States.
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The first 10 trolly cars began regular operation, each holding about 100 passengers and traveled at about 7 to 8 miles per hour.
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An act to protect trade and commerce against unlawful restraints and monopolies
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It was the biggest collection of steel mills, and was the main producer of steel. His company sold, and Carnegie became one of the richest men in the US.
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J.P. Morgan buys Andrew Carnegie's steel business for more than 490 million dollars, and forms U.S. Steel.
