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John D. Rockefeller's Standard Oil Company is incorporated in Ohio.
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After visiting Henry Bessemer's steel plant in England, and noting the demand in Britain for steel rails, Andrew Carnegie returns to America intent on expanding his steel business.
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President Ulysses S. Grant is reelected to a second term as president of the United States, defeating Horace Greeley, the nominee of both the Democratic and Liberal Republican Parties.
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Inventor Alexander Graham Bell successfully transmits a human voice over a wire. The telephone will revolutionize personal and business communication.
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America's railroads implement the standardized time zones (Eastern, Central, Mountain, Pacific) devised by William F. Allen of the General Time Convention.
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Workers employed at the Pullman Company, outside of Chicago, go on strike when the company's owner, George Pullman, refuses to reduce rents in the company housing to match announced wage cuts.
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Republican William McKinley is elected president of the United States.
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United States Steel, J.P. Morgan's holding company, which includes the recently acquired Carnegie Steel, is chartered by the state of New Jersey.
