8 Greatest Inventions That Transformed the World Economy

7. World Wide Web
Inventor: Tim Berners-Lee
Year: 1989

The development of the Web has been volatile, to say the very least. The internet is no less than a life line today; people literally live their life on the web with various social networking sites etc. and gradually the World Wide Web (www) has itself become an industry, the online industry. There are more people online than at any other point in history, and more people use the Web to shop than at any other time in history. And online retailers have seen tremendous jumps in their online earning potential. And the man behind the scene is Tim Berners-Lee, is a British computer scientist. He made an offer for an information management system in March 1989, and he executed the first successful communication between a Hypertext Transfer Protocol (HTTP) client and server via the Internet sometime around mid November.

8. Electronic programmable computer
Inventor: Tommy Flowers
Year: 1943

Once there was a time when communication was by word of mouth or paper. As time went on, technology was used to develop machines such as the typewriter and telephone and eventually, the computer. And since the computer was discovered it has taken complete toll of the economy. The first electronic programmable computer was invented by Tommy Flowers, a British engineer. During World War II, Flowers designed Colossus, the world's first programmable electronic computer, to help solve encrypted German messages.

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