Word: exploits
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Dates: during 1940-1949
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...University should take out patents on whatever inventions may be made and lease the patent rights to individual concerns. With the money derived from such leases the University could then add to its fund for research. Thus the public would benefit from inventions, individual faculty members would not exploit them at the expense of social welfare, and scientific research would be furthered...
Better glues were made from casein, a protein ingredient of milk, and from soybeans. In 1912 Dr. Leo Hendrik Baekeland, father of plastics, took out a patent on a synthetic resin for plywood filler, but did not start to exploit it until 1932. In 1926 a German chemist, Dr. T. E. Goldschmidt, developed a filler made of tissue paper impregnated with phenolic resin. This made a bond so firm that the sandwich was stronger weight for weight than steel. It was also waterproof and bacteria-proof...