Torpedo (1864)

-
Image
  Torpedo (1864) *Giovanni Luppis creates the self-propelled uncderwater missile. *"Damn the torpedoes.... Captain Crayton, go ahead! Joucett, full speed!" Admiral David Farragut, Battle of Mobile Bay, 1864 "Torpedoes are examined on the derk of a target ship after a test firing from HMS Snapper in 1940 The British 7,000-ton steamer Beluchistan sank after this torpedo strike by the German U-boat U-68 in 1942".                         NDespite its notoriety as a naval weapon, the fir modem torpedo was developed in landincked Austa or rather by a retired army officer in what was then the Austrian Empire stretching down to the Adriatic Sea 1864 Giovanni Luppis (1813-1875) presented his idea of using small, unmanned boats carrying explosives against enemy ships to Robert Whitehead (1823 1905), an English engineer producing stram engines for the Austrian Navy Similar devices (spar torpedoes) were also employed in the American Civil War taking place at the same time. Howe
Post a Comment

Credit Card

-

                                                                                                      CREDIT CARD(1950)

                                       MC Namara derives a new way to pay bills.

      Introduction     

                                The concept of credit is not a new one. The word ‘credit comes from the latin word CREDO, that means believe or trust, and we know that the Egyptians were using credit methods over 3000 years ago.

    Information                                           

The credit card is a system of payment and is named after the plastic card issued to people who subscribe to the system. Although the term was used several time in Edward Bellamy’s 1887 novel looking Backward and Western Union issued charge cards to user from 1914 But the modern credit cards was not invented untill 1949. It is said that Frank X.MC Namara, a New York banker, comes up with the idea after forgetting his wallet when out enterting clients. He distributed 200 Diners club cards, which were essentially charge card accounts as the bill has to be settled entirely on issue.

                                      Modern credit cards were the issuer lends money to the consumer to be paid to the merchant, evolved quickly. In 1958 The Bank Of America created the first credit card to be made availabe to the mass market. Bank America evolved in to the visa system and master card was established in 1966 by a group of credit-issuing banks.

Credit card is not a card it is a system for money banking of a Banker MC Namara (1950).

                                                                                                   



Comments

Post a Comment

Popular posts from this blog

Telephone

-
Image
Telephone (1876)   Bell Propels communications in to the modern era.        Sixteen years after inventing the telephone, Bell makes the first call from New York to Chicago in 1892.   Technical illustrations of telephone components designed by both Bell and Thomas Edison.     Introduction               In the 1870s Edinburgh born Alexander Graham Bell (1847-1922)  was working on a way to improve the telegraph. Although this was well   established as a mean of long-distance communication, the fact that only   one message could be sent at any one time mode it extremely limited.   Bell`s original idea was to develop a “harmonic telegram”, using multiple   pitches to transmit more than one message at the same time. While   working on this, an idea came to him for a more elaborate system – one   that could transmit not only the dots and dashes of morse code, but actual   speech.     Information     Several other terms were also pushing to transmit sounds via electricity, and there remains
Read more

Electrical Generator

-
Image
                             Electrical Generator (1869) Gramme fulfills the dream of plentiful, cheaply produced electricity. Inventor...             The dynamos produced   by Michael Faraday and Joseph Henry in the 1830s were little more than laboratory curiosities.It was Belgian industrialist and electrical engineer, Zenobe Theophile Gramme (1826- 1901) , who developed in 1869, the first high-voltage, smooth,direct-current generator. Information... In 1871 Gramme and the French engineer Hippolyte Fontaine entered a manufacturing partnership. In 1873 the pair discovered that their dynamo machine was reversible and could thus be converted in to an electrical motor. Their 1873 exhibit at the Vienna Exposition convinced the world of the ease of generating electricity and conversely that electricity could be reliably utilized to do heavy work.              By 1880 Sebastian Ziani de Ferranti had patented the Ferranti dynamo, a machine that he developed with the help of William Thomson (
Read more

Torpedo (1864)

-
Image
  Torpedo (1864) *Giovanni Luppis creates the self-propelled uncderwater missile. *"Damn the torpedoes.... Captain Crayton, go ahead! Joucett, full speed!" Admiral David Farragut, Battle of Mobile Bay, 1864 "Torpedoes are examined on the derk of a target ship after a test firing from HMS Snapper in 1940 The British 7,000-ton steamer Beluchistan sank after this torpedo strike by the German U-boat U-68 in 1942".                         NDespite its notoriety as a naval weapon, the fir modem torpedo was developed in landincked Austa or rather by a retired army officer in what was then the Austrian Empire stretching down to the Adriatic Sea 1864 Giovanni Luppis (1813-1875) presented his idea of using small, unmanned boats carrying explosives against enemy ships to Robert Whitehead (1823 1905), an English engineer producing stram engines for the Austrian Navy Similar devices (spar torpedoes) were also employed in the American Civil War taking place at the same time. Howe
Read more