The invention of the transistor almost fifty years ago was one of the
most important technical developments of this century. It has had prof
ound impact on the way we live and the way we work. This paper describ
es the events that led to the invention of the point-contact transisto
r in December of 1947. It continues with the development of the theory
of the junction transistor in early 1948 and the fabrication of the f
irst grown-junction transistor in 1950. The paper next covers the majo
r hurdles that had to be overcome and the major breakthroughs that had
to be made to turn an exciting invention into a far-reaching technica
l innovation. The final part of the paper suggests some of the reasons
why such an important technological progress could occur in a relativ
ely short period of time.