Classifier Instance:

Anchor text: James Watt
Target Entity: James_Watt
Preceding Context: Governments' grant of limited monopolies to inventors under a developing patent system (the Statute of Monopolies 1623) is considered an influential factor. The effects of patents, both good and ill, on the development of industrialisation are clearly illustrated in the history of the steam engine, the key enabling technology. In return for publicly revealing the workings of an invention the patent system rewarded inventors such as
Succeeding Context: by allowing them to monopolise the production of the first steam engines, thereby rewarding inventors and increasing the pace of technological development. However monopolies bring with them their own inefficiencies which may counterbalance, or even overbalance, the beneficial effects of publicising ingenuity and rewarding inventors. Watt's monopoly may have prevented other inventors, such as Richard Trevithick, William Murdoch or Jonathan Hornblower, from introducing improved steam engines, thereby retarding the industrial revolution by about 16 years.
Paragraph Title: null
Source Page: Industrial Revolution

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