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Answered by The Community. Making the world better, one answer at a time. As a by product of the electric stove the first electric toaster oven was invented in 1910. A gentleman named William Hadawy who designed the first electric stove also invented the toaster. William developed the idea for the Westinghouse Corporation who is still a leading producer of toaster ovens today.
Toaster ovens cook food by heating the oven interior with heating elements. There may be as few as one element or as many as five or six, depending on the model. Food is cooked from the outside in, which takes longer than microwave cooking.