Strategically Addictive DrugsBackground Cigarettes are addictive. However the availability of tobacco around the world, in the early 1800s, limited them as a mass-market item. Even the largest wind-powered ships contained limited space. Filling ships with enough tobacco to addict a whole country was not viable during this period. However, another product did fill this role, opium. Tobacco … Continue reading "Strategically Addictive Drugs"
Gregorian Calendar“It is pleasant for an old man to be able to go to bed on September 2, and not have to get up until September 14,” wrote Benjamin Franklin in 1752. The reason for the shift was the adoption of the Gregorian calendar, devised in 1582. Background Roman Julius Caesar invented the modern calendar. Before … Continue reading "Gregorian Calendar"
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"
Wind-Driven SawmillCornelis Corneliszoon van Uitgeest invented a sawmill driven by a windmill. It cut wood about 30 times faster than sawing by hand. Corneliszoon received a patent for his wind-driven sawmill. Workers found the mill during a 2004 excavation. The windmill used a crankshaft to convert the steady wind into the up-and-down motion necessary to saw … Continue reading "Wind-Driven Sawmill"
Speech RecognitionSpeech recognition is the ability of a computer to recognize the spoken word. “Alexa: read me something interesting from Innowiki.” “Duh human, everything on Innowiki is interesting or it wouldn’t be there.” Today, inexpensive pocket-sized phones connect to centralized servers and understand the spoken word in countless languages. Not so long ago, that was science … Continue reading "Speech Recognition"
Color Photography1908 James MaxwellSergey Prokudin-Gorsky Scottish physicist James Maxwell laid the groundwork for color photography. Eventually, Russian Sergey Prokudin-Gorsky perfected the technique using three exposures through a red, green, and blue filter. Recombining each exposure into one print accurately portrays color. This method, combining red, green, and blue, remains the foundation of how color is reproduced … Continue reading "Color Photography"
Vacuum Tube (Diode)Working for the Edison Electrical Light Company of England, Sir John Fleming invented the diode, a vacuum tube at the heart of all early electronics. Radios, television, telephones, computers – virtually every electronic we’re familiar with today – was first built with diodes. Diodes are typically vacuum tubes, though some have specialized gasses in them. … Continue reading "Vacuum Tube (Diode)"
Relational Database Management System (RDBMS)Relational databases simplify the storage and retrieval of related information. For example, rather than storing the state a person lives in a relational database might store a number to a single list of all states. Significantly, this reduces overall storage needs and makes indexing and searching significantly easier and subsequently faster. Edgar Codd, working at … Continue reading "Relational Database Management System (RDBMS)"
High Strength, Mass Produced Steel (Bessemer Steel)Vastly increased the quality and decreased the price of steel. Unlike the iron furnaces, that created small amounts of high strength iron, the Bessemer process created enormous amounts of much stronger steel. The Bessemer process is still in use today. On Aug. 24, 1856, Bessemer described the process of forcing air through steel that dramatically … Continue reading "High Strength, Mass Produced Steel (Bessemer Steel)"
Complementary Metal-Oxide-Semiconductor Chips (CMOS)The magical ability to power your mobile phone, tablet, and computer comes from a CMOS chip. These chips require minuscule amounts of power compared to other types of computer chips. They are as small or smaller than other types of chips. However, despite these advantages, it took decades for the technology to gain traction. Fairchild … Continue reading "Complementary Metal-Oxide-Semiconductor Chips (CMOS)"
Hybrid CornGenetic modification by people have produced virtually all plants and animals in the western world. Broccoli, cauliflower, cabbage, kale, kohlrabi, and brussels sprouts are all derived from a wild mustard plant in Europe. None of these vegetables exist but-for early genetic engineering. Similarly, all dogs, cows, pigs, sheep, and chickens are modern man-made creations. Scientists … Continue reading "Hybrid Corn"
Stock IndexStock indexes set objective benchmarks for how a stock should perform against peers. Reduces the risk of stock investing. Farmer turned reporter turned media mogul Charles Dow, with reporter Edward Jones, launched a stock newsletter in 1883. Titled the Customers’ Afternoon Letter, they tracked issues affecting the stock market. Dow’s letter gained a reputation for … Continue reading "Stock Index"
Multinational CorporationA Nightmare, in Real Life Picture the entire Fortune 500 combined into one large company. The company manufactures everything imaginable with monopolies in cotton, silk, dyes, salts, spices, and tea. Not only do they have near-monopolies in gunpowder but also weaponizes opium, giving away free samples to encourage dependency. Basically, their only moral is to … Continue reading "Multinational Corporation"
Synthetic Drugs via Genetic Manipulation (Biotech)Synthetic hormones via genetic manipulation allow for new and improved drugs. For example, insulin that remains stable at room temperature, growth hormones grown in a vat instead of harvested from cadavers, and countless others. Background Herbert Boyer was a scientist working on synthesizing DNA, one of many. Robert Swanson was a venture capitalist. He left … Continue reading "Synthetic Drugs via Genetic Manipulation (Biotech)"
Programmable Machine (Jacquard Loom)The Jacquard Loom is a seminal invention in the history of modern computers. Automation technology existed long before the loom but the automation was simple repetition. For example, pull the loom up, push a thread through, pull the loom down, and push another thread through then repeat. Different color threads might be used on different … Continue reading "Programmable Machine (Jacquard Loom)"