Quote by Abraham Lincoln

Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then these?, any man might instantly use what another had invented; so that the inventor had no special advantage from his own invention. The patent system changed this; secured to the inventor, for a limited time, the exclusive use of his invention; and thereby added the fuel of interest to the fire of genius, in the discovery and production of new and useful things.

Next came the Patent laws. These began in England in 1624; a

Summary

This quote highlights the significance of patent laws and their impact on innovation. It explains that before the existence of patent laws, anyone could freely use and benefit from another person's invention, offering no incentive for inventors to create new things. However, the introduction of patent laws, starting with England in 1624 and later adopted in the United States with the constitution, protected inventors by granting them exclusive rights to their inventions for a limited time. By doing so, these laws incentivized inventors by allowing them to reap the rewards of their creations, ultimately promoting further discovery and production of new and useful things.

By Abraham Lincoln

Liked the quote? Share it with your friends.

Random Quotations

Quietly...softly, God taps on our tense shoulders with His l

Quietly...softly, God taps on our tense shoulders with His love.

Shawntel Jefferson

Love Peace Grace Winds Refreshing

If there is any period one would desire to be born in, is it

If there is any period one would desire to be born in, is it not the age of Revolution; when the old and the new stand side by side, and admit of being compared; when the energies of all men are searched by fear and by hope; when the historic glories of the old can be compensated by the rich possibilities of the new era?

Ralph Waldo Emerson

Things are never quite as scary when you've got a best frien

Things are never quite as scary when you've got a best friend.

Focused, hard work is the real key to success. Keep your eye

Focused, hard work is the real key to success. Keep your eyes on the goal, and just keep taking the next step towards completing it. If you aren't sure which way to do something, do it both ways and see which works better.

There are no greater treasures than the highest human qualit

There are no greater treasures than the highest human qualities such as compassion, courage and hope. Not even tragic accident or disaster can destroy such treasures of the heart.

Lukewarm acceptance is more bewildering than outright reject

Lukewarm acceptance is more bewildering than outright rejection.

Martin Luther King Jr.

I wasn't anything special as a father. But I loved them and

I wasn't anything special as a father. But I loved them and they knew it.

Sammy Davis, Jr.

The wise man does at once what the fool does finally.

The wise man does at once what the fool does finally.

Baltasar Gracian

Despite the fact that in America we incarcerate more juvenil

Despite the fact that in America we incarcerate more juveniles for life terms than in any other country in the world, the truth is that the vast majority of youth offenders will one day be released. The question is simple and stark. Do we want to help them change or do we want to help them become even more violent and dangerous?

If you're not adapting to the very rapidly changing environm

If you're not adapting to the very rapidly changing environment, if you can't think creatively, you lose big in this society because there are very few jobs for you left.

Robert Sternberg

Without friends, no one would want to live, even if he had a

Without friends, no one would want to live, even if he had all other goods.

Whose rights will we acknowledge? Whose human dignity will w

Whose rights will we acknowledge? Whose human dignity will we respect? For whose well-being will we, as a people, assume responsibility?