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THE POWER OF PATENTS

THE POWER OF PATENTS. Ten Patents That Changed The World. U.S. Patent System. U.S. Constitution Article I, Section 8 “... promote the Progress of Science and useful Arts, by securing for Limited Times to Authors and Inventors the Exclusive Right to their Respective Writings and Discoveries.”

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THE POWER OF PATENTS

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  1. THE POWER OF PATENTS Ten Patents That Changed The World

  2. U.S. Patent System • U.S. Constitution Article I, Section 8 • “... promote the Progress of Science and useful Arts, by securing for Limited Times to Authors and Inventors the Exclusive Right to their Respective Writings and Discoveries.” • Inception in 1790 (1st Patent - July 31) • Provides Incentive For Creativity • Promotes Advancement Of Commerce & Industry • 1985 Court Case • Infringement Of Instant Camera Rights • Eastman Kodak Co. & Polaroid Co. • 1990 - Kodak Assessed $900 Million Penalty

  3. U.S. Patent System • Storied Old Days • Invented Something In Attic Or Basement • Got A Patent On It, Began Building It & Selling It • Made A Pile Of Money, All Pretty Much Alone • Modern Days • Saleried Lab Worker • Anonimity Of A Large Corporation • Few People Make It Big Today • Steve Wozniak(Apple) • Edwin Land (Polariod) • William Hewlett & David Packard

  4. U.S. Patent System • Forefathers • Not Committed To Individual Rights • Dead Set Against Monopolies • Patent • Gives Inventors Monopoly For A Period Of Years • 17 Years • Required Inventors To Disclose The Workings Of their Inventions Publicly For The Well-Being Of Society • Patent Holders Could Market Product, Lease Patent Rights, Sell Patent Rights, Or Sit On It

  5. U.S. Patent System • Industrial Revolution Of 19th Century • Proliferation Of Complex Technologies • Growth Of Powerful Corporations • Controlled New Technologies • Famous Inventors • Cyrus McCormick (Reaper) • Samuel F.B. Morse (Telegraph) • Charles Goodyear (Vulcanized Rubber) • Thomas Alva Edison (1093 Patents) • Henry Bessemer (Steel Process) - 1856 • George Westinghouse, Jr. (Air Brakes) - 1869 • Walter Hunt (Safety Pin) • Alvin Fellows (Tape Measure)

  6. Cotton Gin Sewing Machine Barbed Wire Telephone Light Bulb Machine Gun Automobile Aeroplane Xerography Transistor Ten Patents That Changed The World

  7. Cotton Gin • Eli Whitney • Patent - 1794 • Took Seeds Out Of Cotton • Made Cotton King • Made Slavery Profitable • Led To Civil War

  8. Sewing Machine • Elias Howe & Isaac Singer • Patent - 1846 • No. 4,750 • Industrialized Clothes Making • Built Garment Industry • Created First Patent Pool • First Millionaire Inventors

  9. Barbed Wire • Joseph Glidden • Patent - 1874 • No. 157,124 • Wood Fences Impractical For The Big Treeless Plains • Ranchers Could Divide Up Range • 173,00 Tons A Year Sold

  10. Telephone • Alexander Graham Bell • Patent - 1876 • No. 174,465 • J.P. Morgan - Non-profitable Invention • Created AT&T • World’s Largest Company • Controlled All Telecommunications • Federal Antitrust Suit - 1984

  11. Light Bulb • Thomas Alva Edison • Patent - 1880 • No. 223,898 • Symbolized Inspiration & Invention • Became Important When Power Distribution Network Was Established

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