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The oil rush began in Titusville, Pennsylvania, in the Oil Creek Valley when Colonel Edwin L. Drake struck "rock oil" there.
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On May 10, 1869, a golden spike was driven at Promontory, Utah, signaling the completion of the first transcontinental railroad in the United States. The transcontinental railroad had long been a dream for people living in the American West.
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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 as a corporation in Ohio, it was the largest oil refinery in the world of its time.
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On March 7, 1876, Alexander Graham Bell received a patent for the telephone; three days later, he and associate Thomas Watson successfully tested their invention. Elisha Gray, Antonio Meucci and Thomas Edison all claimed to have invented the telephone first, and the issue is still a source of controversy.
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On May 10, 1877, 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.
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Thomas Edison’s greatest challenge was the development of a practical incandescent, electric light. Contrary to popular belief, he didn’t “invent” the lightbulb, but rather he improved upon a 50-year-old idea. In 1879, using lower current electricity, a small carbonized filament, and an improved vacuum inside the globe, he was able to produce a reliable, long-lasting source of light.
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Operators of the new railroad lines needed a new time plan that would offer a uniform train schedule for departures and arrivals. Four standard time zones for the continental United States were introduced on November 18, 1883.
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The Richmond Union Passenger Railway, in Richmond, Virginia, was the first practical electric trolley (tram) system, and set the pattern for most subsequent electric trolley systems around the world. It is an IEEE milestone in engineering
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The Sherman Antitrust Act is a landmark federal statute in the history of United States antitrust law (or "competition law") passed by Congress in 1890 under the presidency of Benjamin Harrison.It allowed certain business activities that federal government regulators deem to be competitive, and recommended the federal government to investigate and pursue trusts.
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Carnegie Steel Company was a steel producing company primarily created by Andrew Carnegie in order to manage businesses at steel mills in the Pittsburgh, Pennsylvania area in the late 19th century. The company was formed in 1892 and was subsequently sold in 1901 in one of the largest ever business transactions of the early 20th century, to become the major component of the United States Steel Corporation. The subsequent sale made Carnegie one of the richest men in history.
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J. P. Morgan and attorney Elbert H. Gary founded U.S. Steel on March 2, 1901 by combining Andrew Carnegie's Carnegie Steel Company with Gary's Federal Steel Company and William Henry "Judge" Moore's National Steel Company[5][6] for $492 million ($14.16 billion today).
