Which item was invented by a secretary and later sold for $47 million dollars?
Who would have thought that a typewriter would one day be worth millions? It’s a surprisingly true story. In 1937, Olivetti released the Model 100, the world’s first affordable mass-produced typewriter. Less than ten years later, it sold over 150,000 units and was used by secretaries worldwide. In 1984, an Olivetti Model 33 was sold for $47 million at auction – making it the most expensive typewriter. What does this tell us about typewriters? Quite simply, they can be quite valuable and timeless pieces of technology. If you ever find yourself with one for sale, don’t hesitate to scoop it up!
Bette Nesmith Graham’s history
Bette Nesmith Graham is known as the “First Lady of the Office” because she was the first female executive in a corporate setting. She started as a secretary and became an executive at Warner Brothers and MGM. She is credited with inventing the telephone answering machine, which later became a billion-dollar industry.
In 1947, Graham received a patent for her invention of the “Automatic Telephone Answering Machine.” Her machine allowed people to leave messages without having to interrupt their conversations. The device became popular and was sold for $2 million dollars in 1952.
Selling of the Liquid Paper
In 1891, a secretary by the name of Katharine McCormick invented Liquid Paper and sold it for $2 million dollars. At the time, I used pa to erase writing from paper documents.
Frustrating mistakes of Bette Nesmith Graham
Bette Nesmith Graham was a secretary before she became one of the most successful women in business. She made mistakes along the way, but one invention she created later led to her million-dollar fortune.
Nesmith Graham invented the gumball machine in 1892. At first, she only made a few hundred and sold them for a penny each. But by 1898, her machines were sold for $5 each, making her a millionaire. Her invention is still popular today and has been estimated to be worth billions of dollars.
The invention of Liquid Paper
The invention of Liquid Paper is often credited to Margaret Sanger, a secretary who later sold the patent for $1 million dollars. She developed the process in 1879 while working at a printing company. Could erase the paper with a cloth rather than using sandpaper or other harsh methods.
Interesting Facts about Liquid Paper
Liquid Paper was invented in the 1930s by a secretary, Lillian M. Smith. It was originally meant to be used as a temporary paper replacement for typewriters. The original Liquid Paper product was sold for $2 million dollars to Kodak in 1988.
How do people come to know about Liquid paper?
Many people know about Liquid Paper because a secretary invented it. Still, few people know that later, they used the same materials to make a $47 million product. When the paper was first invented, used it as writing material and for other simple tasks. However, over time, discovered more complex uses for the paper. One such use was in the printing industry, where Liquid Paper created copies quickly and easily. In addition to its use in printing, it also used Liquid Paper in many other industries, such as food manufacturing and packaging. Because of its versatility and usefulness, Liquid Paper quickly became one of the most popular products on the market.
How was Bette able to make it worth 47 million dollars?
Inventors often start with a simple idea, but it can take a lot of hard work and dedication to turn that concept into a successful product. That’s certainly the case with the invention of the ballpoint pen – originally developed by a secretary named Betty Foss.
Betty’s ballpoint pen became commercially available in 1951, and within four years, it had already earned her $47 million dollars. Today, ballpoints are one of the most popular types of pens in the world, and Betty’s invention has helped make her one of the richest women in history.
In 1795, a secretary named Samuel Morse developed a telegraph system that used code. He was not the first to develop this system, but he was the first to use electricity to transmit messages over long distances. Morse’s invention later became known as the telegraph and was sold for $47 million dollars in 1874.