The original Ferris Wheel, sometimes also referred to as the Chicago Wheel, was designed and constructed by Ferris Jr.

With a height of 80.4 metres (264 ft), it was the tallest attraction at the World's Columbian Exposition in Chicago, Illinois, where it opened to the public on June 21, 1893. It was intended to rival the 324-metre (1,063 ft) Eiffel Tower, the center piece of the 1889 Paris Exposition.

The wheel rotated on a 71-ton, 45.5-foot axle comprising what was at that time the world's largest hollow forging, manufactured in Pittsburgh by the Bethlehem Iron Company and weighing 89,320 pounds, together with two 16-foot-diameter (4.9 m) cast-iron spiders weighing 53,031 pounds.

There were 36 cars, each fitted with 40 revolving chairs and able to accommodate up to 60 people, giving a total capacity of 2,160. The wheel carried some 38,000 passengers daily and took 20 minutes to complete two revolutions, the first involving six stops to allow passengers to exit and enter and the second a nine-minute non-stop rotation, for which the ticket holder paid 50 cents.

The Exposition ended in October 1893, and the wheel closed in April 1894 and was dismantled and stored until the following year. It was then rebuilt on Chicago's North Side, near Lincoln Park, next to an exclusive neighborhood.

More Info: en.wikipedia.org