Big Business and West Timeline

By ron1819
  • The FIrst Oil Well in Pennslyvania

    The FIrst Oil Well in Pennslyvania
    It was drilled by Edwin Drake in 1859, along the banks of Oil Creek.
    It was located in CherryTree Township, Venango County in northwest Pennslyvania.
  • Transcontinental railroad is completed

    Transcontinental railroad is completed
    Pacific coast at San Francisco Bay with the existing Eastern U.S. rail network at Council Bluffs, Iowa, on the Missouri River. The rail line was built by three private companies: the original Western Pacific Railroad Company between Oakland and Sacramento, California the Central Pacific Railroad Company of California eastward from Sacramento to Promontory Summit, Utah Territory.
  • Rockefeller founds Standard Oil

    Rockefeller founds Standard Oil
    was an American oil producing, transporting, refining, and marketing company. Established in 1870 as a corporation in Ohio, it was the largest oil refiner in the world. Its controversial history as one of the world's first and largest multinational corporations ended in 1911, when the United States Supreme Court ruled that Standard was an illegal monopoly.
    Founded by John D. Rockefeller
  • Bell patents telephone

    Bell patents telephone
    ALexander Graham Bell was an eminent Scottish-born scientist, inventor, engineer and innovator who is credited with inventing the first practical telephone.In 1875, Bell developed an acoustic telegraph and drew up a patent application for it. Since he had agreed to share U.S. profits with his investors Gardiner Hubbard and Thomas Sanders, Bell requested that an associate in Ontario, George Brown, attempt to patent it in Britain, instructing his lawyers to apply for a patent in the U.S. only afte
  • First telephone on White House

    First telephone on White House
    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. In fact, the Treasury Department possessed the only other direct phone line to the White House at that time. The White House phone number was "1." Phone service throughout the country was in its infancy in 1877. It was not until a year later that the first telephone exchange was set up in Connecticut
  • Edison perfects incandescent light bulb

    Edison perfects incandescent light bulb
    Thomas Edison perfects the first commercially practical incandescent light bulb. Using a filament of carbonized cotton thread, his first attempt at this design results in a bulb that lasts about 13.5 hours before burning out. He later extends the life of the bulb to 40 hours. Edison’s successful design came only after he had tested over 6,000 different vegetable fibers during a span of over 18 months running 1,200 experiments and spending $40,000.
  • Railroads set up standard time zones

    Railroads set up standard time zones
    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. Since human beings had first begun keeping track of time, they set their clocks to the local movement of the sun. Even as late as the 1880s, most towns in the U.S. had their own local time, generally based on "high noon," or the time when the sun was at its highest point in the sky.
  • First electric trolley line, Richmond, VA

    First electric trolley line, Richmond, VA
    the first practical electric trolley (tram) system, and set the pattern for most subsequent electric trolley systems around the world. The Richmond system was designed by Frank Julian Sprague. After trials in late 1887, it began regular operation on February 2, 1888, with 10 streetcars. Electric power was supplied through overhead trolley wires (450 volts) for two 7.5 horsepower (5.6 kW) motors on each car. Large cars weighed 6900 pounds, provided 40 seats, and carried up to 100 passengers; smal
  • Sherman Antitrust Act is passed

    Sherman Antitrust Act is passed
    first measure passed by the U.S. Congress to prohibit trusts; it was named for Senator John Sherman. Prior to its enactment, various states had passed similar laws, but they were limited to intrastate businesses. Finally opposition to the concentration of economic power in large corporations and in combinations of business concerns led Congress to pass the Sherman Act. The act, based on the constitutional power of Congress to regulate interstate commerce, declared illegal every contract, combina
  • Carnegie Steel Company is formed

    Carnegie Steel Company is formed
    Carnegie Steel Company was a steel producing company created by Andrew Carnegie to manage business at his steel mills in the Pittsburgh, Pennsylvania area in the late 19th century.
    Carnegie constructed his first steel mill in the mid-1870s: the profitable Edgar Thomson Steel Works in Braddock, Pennsylvania. The profits made by the Edgar Thomson Steel Works were sufficiently great to permit Mr. Carnegie and a number of his associates to purchase other nearby steel mills. In 1892, Carnegie Steel C
  • J.P. Morgan forms U.S. Steel

    J.P. Morgan forms U.S. Steel
    John Pierpont "J. P." Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time. In 1892, Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric.