In 1770, Edward Naime , an English engineer, created and began selling the first rubber erasers.

FORBES: Magazine Article

He started by trading for pencils and erasers, but then he traded the pencils and erasers for toys.

FORBES: Financial Education for Fifth Graders

The goal is to save time and money by doing away with erasers, chalk, markers and other disposable supplies.

ENGADGET

Maybe Bank of America, widely held as Wikileaks next big corporate target, should load up on pencil erasers and White-Out.

FORBES: Wikileaks' Friends Want to Borrow Your Money

His plans are creating new opportunities for U.S. importers of Japanese goods, especially mom-and-pop shops that sell specialty goods like kimonos, collectible Japanese erasers and ginger dressing, who have been hammered over the past decade by the yen's relentless rise.

WSJ: Yen's Decline Promises Small Importers Relief

He had big bulldog clips, a masonite board, yellow Ticonderoga pencils, erasers, sketchpads, drawing paper equipment that he stored in a grocery carton at the bottom of our bedroom closet and that my mother, when she was cleaning, wasn't permitted to disturb.

NPR: Roth Rewrites History with a 'Plot Against America'