Coined by Sir Richard Owen (a Victorian anatomist) in 1841, from Greek. deinos "terrible, monstrous " + sauros "lizard". Source: Online Etymology Dictionary, Merriam-Webster's Online Dictionary and others.

Megalosaurus was the first dinosaur to be formally described, in 1677, when part of a bone was recovered from a limestone quarry at Cornwell near Oxford, England. This bone fragment was identified correctly as the lower extremity of the femur of an animal larger than anything living in modern times. The second dinosaur species to be identified, Iguanodon, was discovered in 1822 by the English geologist Gideon Mantell, who recognized similarities between his fossils and the bones of modern iguanas. Two years later, the Rev William Buckland, a professor of geology at Oxford University, unearthed more fossilized bones of Megalosaurus and became the first person to describe dinosaurs in a scientific journal. The study of these "great fossil lizards" soon became of great interest to European and American scientists, and in 1842 the English paleontologist Richard Owen coined the term "dinosaur". He recognized that the remains that had been found so far, Iguanodon, Megalosaurus and Hylaeosaurus, shared a number of distinctive features, and so decided to present them as a distinct taxonomic group. With the backing of Prince Albert of Saxe-Coburg-Gotha, the husband of Queen Victoria, Owen established the Natural History Museum in South Kensington, London, to display the national collection of dinosaur fossils and other biological and geological exhibits. In 1858, the first known American dinosaur was discovered, in marl pits in the small town of Haddonfield, New Jersey (although fossils had been found before, their nature had not been correctly discerned). The creature was named Hadrosaurus foulkii, after the town and the discoverer, William Parker Foulke. It was an extremely important find; Hadrosaurus was the first nearly complete dinosaur skeleton found and it was clearly a bipedal creature. This was a revolutionary discovery as, until that point, most scientists had believed dinosaurs walked on four feet, like other lizards. Foulke's discoveries sparked a wave of dinosaur mania in the United States Hope I Helped!