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Republican Ulysses S. Grant defeats Democrat Horatio Seymour and is elected president of the United States.
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John D. Rockefeller's Standard Oil Company is incorporated in Ohio.
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President Ulysses S. Grant names George William Curtis to head the Civil Service Commission.
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The New York Sun reports that Vice-President Schuyler Colfax, and several members of Congress, including future President James Garfield, received what amounted to free stock in return for protecting the Crédit Mobilier, a railroad construction company, from investigation for financial irregularities.
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President Ulysses S. Grant is reelected to a second term.
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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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The Gilded Age as a satire written and published by Mark Twain.
