Whilst it may not follow the usual perceived notion of actually animating drawn objects or characters, it makes use of a phenomenon or optical illusion known as 'Persistance of Vision' - The human brains ability to remember an image for a split second making it appear to blend into the next proceeding image.

Whilst there is some uncertainty in regards to the actual time period it was invented, it is generally accepted that it was made popular by Dr Paris, M.D. Cantab. FRS who is credited as being the first to take the Thaumatrope commercial. Certain historical researchers have found several examples of thaumatropes being used years before Dr Paris, with some finding evidence In his 1864 memoirs of mathematician Charles Babbage (1791-1871) having made a one off thaumatrope with a coin when challenged with a brainteaser at a dinner party.
The challenge? to see if there was a way to show both sides of a coin at the same time.
The challenge? to see if there was a way to show both sides of a coin at the same time.
Some advantages:
It was very cheap to make and easy to operate
It helped kick start the whole concept of animation.
The simple concept still holds up and works today
Some disadvantages:
Limited to two frames
Did not actually animate objects.