8 Greatest Inventions That Transformed the World Economy

Bangalore:  Imagination is the exquisite human capacity to foresee what not there at present but can be in the future. And that’s where new inventions come into existence which keeps startling the world with all new knowledge, power and zeal. There have been innumerable inventions since this world came into existence, but not all have succeeded to create history. Read on to know 10 inventions listed by rediff.com this brought a complete revolution to change the economy.

1. Steam Engine
Inventor: Richard Trevithick
Year: 1801

A steam engine is high temperature engine that executes mechanical work using steam as its working fluid. Richard Trevithick, a British inventor and mining engineer from Cornwall invented engines using high-pressure steam. And that’s where history was created and later became a major font of industrial revolution.

2. Electric motor
Inventor: Michael Faraday
Year: 1821

Had it not been invented, today we may not have dreamt about all the luxury cars, machines etc. None of the hot shot automobile and infrastructure companies would have come into existence and life wouldn’t have been so easy. Yes, we are talking about an electric motor. An electric motor is an electric machine that converts electrical energy into mechanical energy. It was first invented by Michael Faraday, an English scientist who contributed to the fields of electromagnetism and electrochemistry. Electric motor was invented in the year 1821.

Also Read:
10 CEOs with Multi Million Retirement Packages
8 Ways Salary Hike Affects Your Tax Redemptions