Options & Futures“I’ll gladly pay you Tuesday for a hamburger today,” cartoon character Wimpy Wellington repeatedly offers. If he worked as an options trader he’d probably say “I’ll gladly pay you 1/10th the price of a hamburger today if I can buy a hamburger, sometime in the next year, at the price they are today.” You’d answer: … Continue reading "Options & Futures"
Social NetworkWhen they’re not rigging elections, sowing discord, or amplifying hate social networks are a fun, simple, and convenient way to stay in touch. However, they suffer serious privacy issues under current implementations. Electronic social networks, in various forms, are older than Facebook co-founder Mark Zuckerberg. The first online bulletin-board enabling people to chat and hang … Continue reading "Social Network"
Gas Extraction from Coal & Gas Powered LanternCombining gas extracted from coal into a lantern, then into lights, allowed for non-candle bright lights. This literally lit up the industrial era. Factories could function at night and people could stay awake longer. Gas lighting vastly increased productivity. In 1667, Thomas Shirley published a report describing flammable gas naturally seeping from coal. In 1684, … Continue reading "Gas Extraction from Coal & Gas Powered Lantern"
Portable VentilatorVentilators breathe for people when they cannot breathe on their own. John Emerson was a physician focused on breathing devices who developed the first mass produced iron lung. Building on Emerson’s work, Bird developed the portable ventilator and, later, created a company, Bird Corp., to commercialize it. Bird Corp. created a home ventilator in 1965, … Continue reading "Portable Ventilator"
Magnetic Tape RecordingPoulsen, a Danish engineer, created and patented a machine that recorded onto magnetic tape. His called the invention a Telegraphone. There was no amplification and the recording quality was poor. In 1928, Pfleumer, a German, vastly improved the magnetic tape. He named his device a Magnetophone. During WWII the Germans used it for communications and … Continue reading "Magnetic Tape Recording"
Web Search EngineNoteworthy early search engines include Archie, from 1990, that searched filenames, and Gopher, from 1991, that organized files. Early Search Engines In March 1994, Stanford students David Filo and Jerry Yang created “Jerry and David’s Guide to the World Wide Web.” Their website contained lists arranged by category of the burgeoning World Wide Web. Sites … Continue reading "Web Search Engine"
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"
- Fourdrinier Paper Making Machine
Fourdrinier machines transform wood pulp into enormous rolls of paper. They vastly reduced the manufacturing cost and, subsequently, the price of paper. Even the smallest Fourdrinier machine is massive and requires an enormous amount of water. Frenchman Louis Roberts invented the papermaking machine. His friend and confidant, Sealy Fourdrinier, patented and commercialized the technology in … Continue reading "Fourdrinier Paper Making Machine"
BraCommunist spitfire Ida Rosenthal came from a line of Jewish intellectuals in what was then Russia and is now Belarus. She returned from college an outspoken communist revolutionary and with a boyfriend, William. Threatened with jail, the army, or both they fled to the US in 1905 and married in 1906. Ida, who was 4′ … Continue reading "Bra"
Nuclear Aircraft CarrierNuclear aircraft carriers are enormous ships capable of traveling the world indefinitely. Indeed, the ships feature relatively large flight-decks capable of launching and landing fixed-wing aircraft, typically fighters. At 1,123 ft. (342 m.) the USS Enterprise is an enormous ship. In contrast, only oil supertankers are larger. The Enterprise supported 4,600 service members. First launched … Continue reading "Nuclear Aircraft Carrier"
Heavy-Duty DC Motor / Trolley / SubwayFaraday proved an electric motor was possible but, like his many inventions, neither scaled the idea up nor commercialized it. Voltaic piles at that time were the sole source of electricity. Because they produced little electricity high-power motors seemed pointless. Background The new field of electricity interested Sprague, a Navy officer. While serving in the … Continue reading "Heavy-Duty DC Motor / Trolley / Subway"
Hard Disk DriveDisk drives quickly store and retrieve information for computers. The primary inventor is Reynold “Rey” Johnson. Previously, he invented and sold the technology that reads pencil dots, usually for taking tests, to IBM. Subsequently, he then joined them as a staff engineer. While at IBM he developed the hard disk drive. The first hard drive, … Continue reading "Hard Disk Drive"
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"
Ted Hoff’s General Purpose Microprocessor“…even though science and technology are wonderful, what really gets them out there for people to use is to have businesses built around them. It takes savvy businessmen as well as savvy technologists to make that work.” Tedd Hoff Background Ted Hoff had access to then state-of-the-art vacuum tube circuits in high school. In 1954, … Continue reading "Ted Hoff’s General Purpose Microprocessor"
Facsimile (FAX) MachineAlexander Bain created a telegraph that transmitted light and dark dots that were reproduced on the other side, the fax machine, long before the telephone. Early faxes were popular with newspapers due to their ability to quickly transmit crude images. Countless modifications and improvements followed over the years. Despite the obvious differences in the innovation, … Continue reading "Facsimile (FAX) Machine"