The rubber balloon was invented by chemist and physicist Michael Faraday in 1824. He invented it for use with experiments involving hydrogen. But what fun are rubber balloons if only scientist get to play with them? It didn't take long before rubber balloons were being sold for a penny a piece at circuses and in parks in America. The latex balloons we're more familiar today were first manufactured by J.G. Ingram in1847 London.
http://www.balloongeeks.com/faqs/32-when-were-balloons-invented
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