Displaying items by tag: Antitrust Laws
Wednesday, 04 April 2012 16:15
History Shows Us That The Abuse of Patent and Antitrust Laws Lead to Economic Crisis
A couple of days ago, while researching information for another article, I stumbled across an article on patents and how they have evolved since their beginning. I will not go into a full blown history lesson, but I do want to cover something that was very interesting. The first true patent laws were enacted in the US back in the 1790s. This simple law established the patent system to “promote the Progress of Useful Arts” under the original laws a patent could only be granted for up to 14 years and then only if the device was “sufficiently useful and important” and in many cases a working model of the device had to be submitted.
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