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George Bissell and Edwin L. Drake made the first successful oil well by using a drilling rig.
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Transcontinental railroads connected the East to the West, NOT North to the South. This developed into a big business controlled by a few powerful men.
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Rockefeller hated competition so he built the Standard Oil company of Ohio. Made the prices low so other companies went out of business. He took over these businesses and raised the oil prices because people had to buy from him.
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Hayes has the first telephone installed in the telegraph room.
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The light bulb is Edison's most famous invention, along with the Electric power plant.
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Railroad companies started this so it is easier to create a uniform train schedule with times for departure and arrivals.
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The telephone was to allow people to communicate by voice over long distances. In 1876 is when they tested this "talking machine."
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The success of the electric trolley proved that electric traction is safe and reliable.
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The Sherman Antitrust Act was first passed to prohibit trusts.
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This company was later sold to JP Morgan which became very successful.
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This was the first American business worth more than $1 billion.
