TobaccoWalter Raleigh popularized tobacco, grown in the America’s, in England. He set sail in South America searching for El Dorado, the mythical city of gold. Raleigh never found the golden city but he did find tobacco, bringing it back to England. He committed a crime and was pardoned but, on a second journey in search … Continue reading "Tobacco"
Tri-Motor AirplaneThe Ford Tri-Motor airplane popularized the notion of low-cost, reliable, rugged, and serviceable planes. Before the Ford Tri-Motor, there were countless aircraft, but many were proprietary with difficult-to-service parts that frequently broke down. Along with 20 other wealthy individuals, Ford and his son Edsel funded a new airplane company by designer William Bushnell Stout. In … Continue reading "Tri-Motor Airplane"
No-Till FarmingNo-till farming is an agricultural process where crops are planted over the prior crop without tilling. Background Since ancient times, farmers believed in the necessity of turning over the soil before planting. Shovels or plows turned over the prior crop, exposing the soil the next crop. Their belief was based on the idea that agricultural … Continue reading "No-Till Farming"
Modern ArtBackground Towards the late 1800s, two new technologies radically changed the world of painting. The first photography. Images were primitive, expensive, and slow at first. However, by the late 1800s photography would eventually produce entirely realistic images in less time and at less cost than any painter could. Painting as a functional exercise, to preserve … Continue reading "Modern Art"
- Blue Ocean Strategy Basics – Buyer Utility Map
Find and solve painpoints to navigate towards a new blue ocean offering. Painpoints are parts of the purchase or use experience identifying parts of the experience which are pains in the derriére. For example, haggling with a salesperson when buying a new car — wasting time while worrying about being taken advantage of — is … Continue reading "Blue Ocean Strategy Basics – Buyer Utility Map"
NylonNylon is a popular low-cost high-strength silk alternative. It vastly lowered the cost of producing silk-like fabric. Carothers started undergraduate school, at Tarkio College in Missouri, as an English major but switched to chemistry due to an influential professor. He excelled, working as an instructor during his undergraduate years. He went on to earn a … Continue reading "Nylon"
SatellitesSatellites brought the world closer together, enabling instant communication, relaying information, and fulfilling countless military and civilian uses. Sergei Korolev designed the first satellite, the Sputnik 1. It struck fear and hope around the globe as it orbited earth sending radio pings that anybody could hear. Korolev spent years during the Great Purge in Stalin … Continue reading "Satellites"
Aluminum Reduction1886 Charles Martin HallPaul Héroult Aluminum is the most common material in the earth. Despite the abundance of aluminum, it tends to be spread out in tiny flakes impossible to collect by hand. Aluminum reduction vastly lowered the price of extracting aluminum. Before aluminum reduction, aluminum was extremely expensive. People would sift through earth searching … Continue reading "Aluminum Reduction"
Steam TurbineIn much the same way that Watt’s condensing steam engine vastly increased the value of Newcomen’s engine, the steam turbine vastly improved the value of Edison’s electric factory. Steam turbines allow steam, generated by heating water, to efficiently turn generators, usually to make electricity. In addition to steam, water (ex: waterfalls) or wind (ex: windmills) … Continue reading "Steam Turbine"
Blue Ocean Strategy & Finance: Margin LendingMargin lending refers to the process of using borrowed money for investing. For example, a traditional investor may purchase 100 shares of a business for $10, spending $1,000. However, using margin, that same person may purchase 150 shares, spending the same $1,000 and borrowing another $500. If the stock price goes up, they pay the … Continue reading "Blue Ocean Strategy & Finance: Margin Lending"
Instant PhotographsLong before the digital camera Polaroid’s delivered instant photographic gratification, albeit it at a steep price. Like countless tech inventors after him, Land dropped out of Harvard. He sneaked into the labs at Columbia while developing early Polaroid light filter technology. Land’s Polaroid created polarizing light filters, especially useful as sunglasses during WWII. Eventually, he … Continue reading "Instant Photographs"
Spread Spectrum Frequency Hopping1941 Hedwig Eva Maria Kiesler (Hedy Lamarr)George Antheil Spread spectrum frequency hopping synchronizes devices to speak over changing frequencies. The technology jumps from one frequency to another in a predetermined but predictable manner so that the sender and recipient can change simultaneously. Lamarr and Antheil created the technology to contribute to the WWII effort, though … Continue reading "Spread Spectrum Frequency Hopping"
Organic Light-Emitting Diode (OLED)Organic Light-Emitting Diodes (OLEDs) emit light with virtually no electricity. Lamps, televisions, mobile phone, and computer monitors are common applications. Additionally, OLEDs are bright, high-contrast, and extremely thin. OLED screens are faster, brighter, and use far less energy than LED-based displays. As the technology develops, they will eventually cost less than LED displays. OLED’s are … Continue reading "Organic Light-Emitting Diode (OLED)"
Sewing MachineBackground In 1829 Thimonnier, a French tailor, innovated the sewing machine. Thimonnier found financiers to build a factory to help commercialize his new machine but workers – fearful the new machine would destroy their livelihood – burnt down the factory. He obtained further patents on better models of sewing machines and won prizes. However, he … Continue reading "Sewing Machine"
Mobile PhoneMobile phones allow calls from anywhere that’s within range of a tower. They vastly increase productivity, convenience, lower the risk of a missed call, and they’re fun. Mobile phones work by beaming voice (and, later, data) to a tower, seamlessly switching from tower-to-tower as the person moves. Cooper Creates the Mobile Phone Battery-operated gadget maker … Continue reading "Mobile Phone"