|By PR Newswire||
|April 10, 2014 12:01 AM EDT||
WASHINGTON, April 10, 2014 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
Profile America — Thursday, April 10th. The need to pay a $15 debt sparked one of the most useful of inventions, patented on this date in 1849. Walter Hunt, a mechanic in New York, owed the debt. While he thought about how to raise the money, he fiddled with a small piece of wire. Finally, he bent the wire with a twist in the middle, creating a spring, and formed a clasp at the other end, to guard the point of the wire. He had invented the safety pin. Hunt called his device a "dress pin," and sold his rights to it for $400, little realizing that its utility would be enduring and lucrative. Manufacturing pins, needles, buttons and other fasteners is a near-$900 million a year business in the U.S., employing about 5,500 people. You can find current data on the country's economy by downloading the America's Economy mobile application at www.census.gov/mobile.
Sources: http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2007_US_31I1&prodType=table http://inventors.about.com/library/inventors/blhunt_pin.htm
Profile America is produced by the Center for New Media and Promotions of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button).
SOURCE U.S. Census Bureau