ImmunotherapyIt’s common for meaningful inventions to take years or even decades to reach their commercial potential. At about 110 years from discovery to practical use, immunotherapy is the second longest invention we’ve found after the Suez Canal. Immunotherapy is the process of training the body’s natural immune system to attack and destroy cancer cells. The … Continue reading "Immunotherapy"
Venture Capital“There have been many fine scientists desperately trying to become poor businessmen.” Georges Doriot Venture Capital pools resources and spreads risk and reward across multiple companies. This simplifies early-stage investing and makes early-stage investing more convenient for both investors and entrepreneurs. Background General Georges Doriot is the “father of venture capital.” In 1946, he created … Continue reading "Venture Capital"
Random Access MemoryRandom Access Memory (RAM) is a type of fast memory. The Central Processing Unit (CPU), the brain of a computer, relies on RAM. RAM exists to this day. Every computer, including smartphones, contains RAM. The “random” in RAM refers to its ability to access memory anywhere, instantly, unlike a disk drive that must search for … Continue reading "Random Access Memory"
BarbieIn 1945, Harold “Matt” Matson and Elliot Handler created a garage-based manufacturing business. They named it by combining their first names, Mattel. First, they manufactured picture frames. Using the leftover pieces of wood, Elliot built dollhouses that sold well. Soon, Matson dropped out of the business leaving it solely owned by Handler and his wife, … Continue reading "Barbie"
Plasma Panel1964 Donald BitzerGene SlottowRobert Wilson Plasma panels form fonts, images, and other patterns using plasma, rather than tubes. The panels are flat, cool, and use less power than CRT tubes. Bitzer developed the plasma panel as the monitor for his teaching computer, PLATO. PLATO is a lesser-known fountain of innovation. Along with Bell Labs, Xerox … Continue reading "Plasma Panel"
Better Oil Drill Bit (Tricone Rotary Rock Drill)A drill bit sounds relatively petty compared to the other inventions on this list. Granted, it’s not Watt’s condensing steam engine, Edison’s long-lasting lightbulb, Tesla’s induction motor or the Wright Brothers airplane. But Hughes drill bit dramatically lowered the cost of drilling for oil. It also opened previously unavailable oil fields where oil reserves lay … Continue reading "Better Oil Drill Bit (Tricone Rotary Rock Drill)"
Postal System1497 Franz von TaxisHenry BishopRowland HillWilliam Dockwra Franz von Taxis created the postal system, with regular routes between far-flung cities throughout Europe. Eventually, von Taxis mail routes included mail delivery between Brussels and: Innsbruck, 5.5 days (6.5 days winter) Paris, 44 hours (54 hours winter) Blois, 2.5 days (3 days winter) Lyon, 4 days (5 … Continue reading "Postal System"
Nuclear SubmarineNuclear submarines can stay underwater for an unlimited amount of time, or at least until the food runs out. Prior to nuclear subs, there were diesel-electric subs, that still exist today. However, these subs use diesel engines to recharge batteries. Therefore, diesel subs must surface to turn on the diesel engines and recharge their batteries, … Continue reading "Nuclear Submarine"
Repo LoansRepo loans are a type of loan, typically from one bank to another, with a very short term for repayment. One day repo loans are common. Despite the name, “repo loans” have nothing to do with repossessions. Background Repo loans came about after the US finally chartered a single, all-powerful central bank in December 1913. … Continue reading "Repo Loans"
AirshipSporting both bodacious name, mustache, and title of nobility, Count Ferdinand von Zeppelin forever changed air travel. Zeppelin wasn’t the first to try making hot air balloons more maneuverable. That honor belonged to Frenchman Henri Giffard. Basically, a big cigar-shaped balloon, Giffard’s airship was the first aircraft that enabled navigation. In 1882, with declining health, … Continue reading "Airship"
Stepping SwitchStepping switches change the direction of a magnetic flow to one of multiple channels, stepping through them incrementally. Which sounds incredibly boring until we realize they enabled the modern phone system and powered the decryption machines which morphed into the modern computer. Stepping switches were literally a step from the industrial revolution to the modern … Continue reading "Stepping Switch"
Synthetic AmmoniaFritz Haber arguably saved and killed more people than any other single person in history. Synthetic ammonia vastly lowered the cost of making fertilizer, explosives, and other chemicals. The process to create synthetic ammonia was a concurrent invention. That is, two scientists came up with it at the same time independently of one another. Because … Continue reading "Synthetic Ammonia"
Three Phase PowerOne extra wire allows transmission of triple the amount of electricity via three-phase power. With three wires rather than two, electrical operators can transmit triple the electricity. “Polyphase” is another term for three-phase power. Three phase power usually transmits enormous amounts of electricity. These are the large transmission lines on tall polls. Electricity is converted … Continue reading "Three Phase Power"
Modern Genetically Modified Organisms (GMO’s)People have been genetically modifying plants and animals for eternity. Virtually every plant we eat is the result of genetic modification via selective breeding. Tomatoes, broccoli, cauliflower, kale, and countless others only exist due to genetic modifications. Furthermore, cows, pigs, chickens and arguably even all modern breeds of dogs are the result of genetic modification. … Continue reading "Modern Genetically Modified Organisms (GMO’s)"
Industrial RobotThough understated at the time, few inventions have had as much impact as the industrial robot. Industrial robots were invented by George Devol. A prolific innovator, Devol patented the “Unimate” – a term he coined – in 1954 to name his robot. Robots have existed in science fiction for ages, often as machines in human … Continue reading "Industrial Robot"