During the twentieth century, American economy experienced a great change from agro-economy to an industrial and information economy. Due to this factor, many types of intellectual products were announced in the market that amplified the need of safeguarding these products so that the act of counterfeiting can be averted. In America, Supreme Court played a pivotal role in enacting and governing the matters pertinent to Intellectual Property during the nineteenth century. Patent, copyright and trademark were the types of Intellectual Property.