Genetic TestingGenetic testing identifies genetic patterns, including irregularities. In 2019, genetic testing is typically used to search for abnormalities and susceptibilities. However, new treatments under development target the specific traits of patients or disease. These treatments attack and cure at the genetic level. In addition, genetic testing is entertaining. People find unknown relatives or trace family … Continue reading "Genetic Testing"
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"
SmartphoneIn 1909, Nicola Tesla described what eventually would be a smartphone. They’ve existed in various forms for many years. History IBM invented a phone called the Angler in 1992 with PDA like functions. Subsequently, they released a commercial version in 1994. The term “smartphone” first appears in 1995 describing AT&T’s PhoneWriter Communicator. Eventually, more phones … Continue reading "Smartphone"
Blue JeansBlue jeans are fun. The once entirely functional pants evolved to represent a lifestyle. When sold as functional work pants, Levi’s did OK. When sold on emotion sales mushroomed. Background Levi Loeb immigrated from Germany to the US and changed his name to Strauss, which sounded more American. In Germany, Jews were forbidden from owning … Continue reading "Blue Jeans"
Magnetic Resonance Imaging (MRI)MRI allows physicians to see and diagnose soft tissue without surgery. Background MRI is one of these cases where everybody argues somebody else invented it for patent priority. However, courts and historians find that physician Raymond Damadian was first to make an MRI that scans people (prior MRI’s would scan small pieces of organic material). … Continue reading "Magnetic Resonance Imaging (MRI)"
Light Emitting Diode (LED)“New York City and you’re flying in an airplane and you see all these lights. And you think lights, lights, lights, lights, lights.” Nick Holonyak Nick Holonyak Jr.’s mom was an orphan. His dad was a coal miner. After a stint in the mine’s, Nick decided school sounded like a fine idea. Holonyak was the … Continue reading "Light Emitting Diode (LED)"
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"
Nuclear PowerOne of the great physicists, Fermi won the Nobel Prize in 1938, at the age of 37. No sooner did he receive his prize than he fled from his home in fascist Italy to New York City, taking US citizenship. Eventually, Fermi and the other nuclear scientists had convinced President Roosevelt that the Nazis could … Continue reading "Nuclear Power"
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"
BicycleProlific innovator Karl Drais invented the bicycle, first without pedals then, later, with. He also invented the typewriter w/ keyboard, first stenograph, and player-less piano. Drais was a civil servant ineligible for patent protection but was given patents and a pension. However, he found himself on the wrong side of a Prussian war, going so … Continue reading "Bicycle"
Electronic Airline Reservation System (SABRE)As the Cold War heated up during the 1950s, the United States installed an enormous number of missiles, radars, and nuclear weapons to track and respond to nuclear war. WWII radars were good enough for propeller planes but the delay between detection and analysis proved too slow for jet engines and missiles. SAGE As the … Continue reading "Electronic Airline Reservation System (SABRE)"
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"
Discount AirlineAs the airline market developed, the US found it necessary to regulate interstate air transport as a “public utility.” Significantly, the “Civil Aeronautics Board” (CAB) regulated fares, routes, and schedules. The benefit of regulation was predictability and widespread routes. For example, a carrier that wanted to fly from New York to Chicago might be required … Continue reading "Discount Airline"
Jet EngineAn RAF pilot he thought up the jet engine and tried convincing the English military to fund development. When they refused, he created a private company to develop his jet engine, Power Jets Ltd. Undercapitalized, development of the new engine plodding along slowly. During WWII, the Allied forces realized the military potential of the jet … Continue reading "Jet Engine"
Spinning MuleFew inventions on innowiki have inspired as much social unrest at the spinning mule. The mule is a minor innovation compared to most others on the list. However, it caused a massive freak-out. The Luddite movement, that still exists to this day, if often wrongly credited to the printing press but actually began with the … Continue reading "Spinning Mule"
