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First Oil Well Drilled in Pennsylvania
George Bissell and Edwin L. Drake made the first successful use of a drilling rig on a well drilled especially to produce oil, -
Transcontinental railroad is completed
railroad linking America's east and west coasts -
Rockfeller founded Standard Oil
Standard Oil Co. Inc. was an American oil producing, transporting, refining, and marketing company. Established in 1870 by John D. Rockefeller -
Bell patents telephone
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First telephone on White House
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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. -
Railroads set up standard time zones
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First electric trolley line, Richmond, VA
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 -
Sherman Antitrust Act is passed
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. -
Carnegie Steel Company is formed
Carnegie constructed his first steel mill in the mid-1870s -
J.P. Morgan forms U.S. Steel
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.
