Highway (Limited Access Road)High-speed streets with minimal interruptions were a novel concept when first created. Highways, technically called limited access roads, have entry and exit ramps are few and located far between. Long Island, near New York, was home to the first highway in 1911. Americans continued to build highways, enacting the Federal Highway Act of 1921. Germans … Continue reading "Highway (Limited Access Road)"
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"
Digital Video Recorder (DVR)Digital Video Recorders (DVR’s) record digitally, to disk or flash memory, rather than analog recording to tape. This allows end-users to quickly fast-forward, rewind, and jump to a section of a recording rather than slowly searching. Tivo and ReplayTV both launched DVR’s at the 1999 Consumer Electronics Show. As they did with videotapes, broadcasters and … Continue reading "Digital Video Recorder (DVR)"
Shareholder Value Theory: Milton Friedman ReduxOn September 13, 1970, Milton Friedman published one of the most arguably economically destructive articles in history, “The Social Responsibility Of Business Is to Increase Its Profits,” in the New York Times. The article is available, in PDF form, for subscribers from the New York Times website. Friedman advanced the idea that managers are agents … Continue reading "Shareholder Value Theory: Milton Friedman Redux"
Difference EngineBabbage’s Difference Engine, funded by Lovelace, is the first modern mechanical computer. No sooner had he announced his idea than many declared it impractical or even a hoax. Engineers eventually built a working difference engine in 2002 proving Babbage’s ideas were viable, but the engineering processes of his time were inadequate. Presently, there are working … Continue reading "Difference Engine"
Modern Management (Wedgwood)Modern management, marketing, and high-end sales to ordinary people make pottery company Wedgwood a management innovator. Pottery dates back to ancient times. Fragments of pottery in China date back 20,000 years. Since then, for the most part, wherever archeologists find people they also find pottery. Therefore, opening a pottery manufacturer, especially in the 1700s, intuitively … Continue reading "Modern Management (Wedgwood)"
Peer-To-Peer File Sharing (Napster)File sharing allows one computer to connect anonymously with others, sending and receiving files. Most files were single-track MP3s of copyright music. Background The original theory was that because mixtapes were legal then noncommercial “sharing” of any music was legal. The legality of mixtapes, a collection of songs from other tapes, stems from a US … Continue reading "Peer-To-Peer File Sharing (Napster)"
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"
PasteurizationFrench scientist Louis Pasteur disproved the theory of spontaneous generation, the idea that certain organisms are ever-present in nature. For example, early scientists believed fleas came from dust and maggots from dead meat absent anything else. Pasteur theorized and later proved that all organisms come from something else, that nothing exists in a vacuum. He … Continue reading "Pasteurization"
Automatic Automobile TransmissionAutomatic transmissions lower the complexity of driving, removing a barrier of entry. They also allow drivers to focus on the road rather than worries about shifting gears. Automatics vastly simplify driving though, in many countries, drivers who take their test with an automatic transmission may only drive using automatic transmission. Thomas Sturtevant’s automatic transmission system, … Continue reading "Automatic Automobile Transmission"
Health InsuranceBackground Germany has the oldest health insurance system, the Sickness Insurance Law of 1883. Employers paid one-third and employees two-thirds. The insurance covered both medical treatment and sick leave. In 1911, the UK created basic health insurance. Russia followed in 1912, nationalizing all healthcare after the Russian Revolution of 1917. Most countries rolled out some … Continue reading "Health Insurance"
DynamiteDynamite blows up otherwise difficult to move things, like boulders, mountains, and bedrock. It lowers the cost of removing rocks to make level land and tunnels, railroads, roads, and enables foundations for skyscrapers. In 1847 chemists Théophile-Jules Pelouze and Ascanio Sobrero had synthesized nitroglycerin but the chemical was unstable and difficult to harness. Nobel encased … Continue reading "Dynamite"
General Purpose CatalogBackground The general purpose catalog increased the selection and decreased the costs of small-town stores that could only afford to carry limited innovatory. Tiffany’s Blue Book is one of the oldest catalogs, from 1845. There were book, seed, and fabric catalogs in Europe dating back centuries. Ben Franklin created the first US catalog, for scientific … Continue reading "General Purpose Catalog"
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"
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)"
