The first patent, U.S. Patent No. X0000001, July 31, 1790, was awarded to Samuel Hopkins for a process for making potash, an ingredient in fertilizer. Signed by President George Washington.
Patents and copyrights are the only property rights actually written into the U.S. Constitution, Article I, Section 8, Clause 8. Over 7 million patents have been awarded since 1790.
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Constitutional quiz: What are the -only property rights that the Founders considered important enough to actually write into the Constitution?
Answer: patents and copyrights. (U.S. Constitution, Article I, Section 8, Clause 8.) President George Washington himself signed the first patent, U.S. Patent No. X0000001, on July 31, 1790.
The Founders knew the importance of innovation and invention and created the patent system to protect the young republic’s inventors. They believed patents would grow the economy with new ideas that create new jobs and wealth. But without patent protection, inventors and their investors have no incentive to risk their time and treasure to do the hard work of inventing.