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After a long period attempting to develop a process to upgrade rubber qualities (such as including nitric acid) that almost ruined him, in 1840 Goodyear discovered vulcanization, quite by accident. An interesting fact: in 1815, a humble sawyer-Hancock-became one of the leading manufacturers in the UK.
With that clue, he reinvented vulcanized rubber in 1843, four years after Goodyear. By the time Goodyear applied for an English patent he found that Hancock had filed a few weeks earlier. Offered a half-share of the Hancock patent to drop his suit, Goodyear foolishly declined â and lost.