Elijah McCoy, Lewis Latimer and Granville Woods: African-American Inventors of the 19th Century – Part 5 – The Fruit of Their Labor

While McCoy’s inventions earned millions of dollars in profit, little of that money found its way into his pockets. Because he lacked the financial backing to manufacture his lubricators himself in large numbers he sold many of his patent rights to investors. In return for this he was given only small amounts that allowed him Read More