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George Bissell and Edwin L. Drake made the first successful use of a drilling rig on a well drilled especially to produce oil,
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railroad linking America's east and west coasts
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Standard Oil Co. Inc. was an American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller
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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.
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The first paid customer on the famous electric trolley in Richmond, Va, was William A. Boswell who paid Conductor Walter Eubank $.05 to get on car No. 28 on Jan 9, 1888. 3. The building that still stands at 700 E Franklin St. was originally build as The Railway & Power
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he Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts. It was named for Senator John Sherman of Ohio, who was a chairman of the Senate finance committee and the Secretary of the Treasury under President Hayes.
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Carnegie constructed his first steel mill in the mid-1870s
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News of the industrial consolidation arrived to newspapers in mid-January 1901. U.S. Steel was founded later that year and was the first billion-dollar company in the world with an authorized capitalization of $1.4 billion. Morgan was a member of the Union Club in New York City.
