16 May 1960: the first working optical laser

Lasers had long since captured the imagination of sci-fi enthusiasts. But on this day in May 1960, they became a reality.

In 1917, Albert Einstein proposed that it was possible to manipulate light with mirrors in such a way as to produce an incredibly pure and focused burst of light.

As a result, the idea of 'death-rays' that could slice through objects with pinpoint accuracy became a staple of science fiction. But the civilian use of such technology was not immediately apparent, so there was little interest in the topic.

After World War II, the US military started to invest in laser-related research, hoping that laser would improve the accuracy of radar. The first breakthrough was in 1953, when a team at Columbia University, led by Charles Townes, produced the Maser (Microwave Amplification by Stimulated Emission of Radiation).

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While it amplified microwave beams (rather than light), it proved that the process could work. In 1958, Townes outlined the idea for a gas-based Laser (Light Amplification by Stimulated Emission of Radiation).

In 1959, Theodore Maiman, who had previously worked on shrinking the size of the Maser, went to his employer, the Hughes Aircraft Company, with an idea for modifying Townes' design.

He produced a working prototype that used a ruby for the amplification. This idea was patented and won him many awards, including the prestigious Wolf Prize in Physics.

A year later, the first medical operation involving lasers was carried out on a cancer patient. By the 1970s lasers started to play a key role in the manufacturing of computer circuits.

The development of the barcode scanner, in 1974, would move lasers out of the lab and into people's day-to-day lives. At the moment they are used in everything from eye surgery to laser printers and modern fibre-optic telephone systems.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

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