In
1944,
chemists at General Electric announced the invention
of silicone, a sand-based product that could be used
to make synthetic rubber and a host of other fascinating
items.
One derivative of this class of silicone was
dubbed by them as "bouncing putty" as it could
bounce like a ball when rolled up, stretch like taffy
when pulled and if left to sit in one place would flatten
out like a pancake. As interesting and amazing as it
seemed, the scientists could not find any potential
uses for it and basically tossed it aside and forgot
about it for five years. As the saying goes, however,
one man's trash is another man's treasure and for Peter
Hodgson, the bouncing putty would become a goldmine.
Hodgson,
a 36 year old advertising copy writer from New Haven,
Connecticut happened upon a sample of the substance
and thought it made a great novelty item with marketing
potential. Hodgson obtained legal rights to the name
Silly Putty, purchased $150.00 worth of
the substance, placed one ounce pieces of it in plastic
"egg" containers and began selling them through
retail stores and chains. His efforts caught the eye
of a writer for the New Yorker magazine who wrote an
article about the product. This great publicity triggered
an explosion in sales -- by Christmas, Hodgson had sold
more than one million units. Along with its aforementioned
properties, Hodgson also discovered that the putty,
when pressed against a newspaper, would "pick up"
a copy of the print on its surface. Children across
the country began pressing Silly Putty against
pictures from the comic section and took the resulting
copy and stretched it to make the images distorted and
even more comical.
After
the government placed controls over silicone during
the Korean War, Hodgson became a man without a product
to sell. After starting from scratch a few years later,
Hodgson rebuilt the business to a point where he would
soon sell over $5 million worth each year.
Silly
Putty did not have a practical use when it was
discovered and still does not, but it has certainly
served to amuse adults and children for over 50 years.
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