Virtually every invention of consequence during the Industrial Revolution was patented, and patents played a major role in encouraging investment and innovations making it to market.
A patent is not a monopoly; rather, it prevents exclusive business franchises from being granted to individuals without genuine innovation, as was previously the case in Britain.
The only instance of the word 'right' in the U.S. Constitution pertains to patents and copyrights, highlighting their foundational role in American innovation.
The discussion includes notable figures like Ralph Baer and Henry Ford, illustrating how patents influenced technological advancements and manufacturing practices throughout history.
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