The OP asked for a history of paints so hopefully this post will clarify a few things. Historically until about 1900 all paints belonged to a category called oleo-resinous varnishes. In other words they were linseed oil or similar, in which was dissolved a natural resin e.g. rosin, kauri gum etc, plus pigment and solvent. These paints dry by oxidation which means that they do not become hard enough to sand for a few weeks.These paints have two drawbacks 1. that they yellow on ageing and 2. they crack over time to produce an aligator-skin like effect that will be well-known to the restorers of vintage vehicles. Because of their tendency to darken the so-called heritage colours on victorian buildings tended to dark greens and reds, browns and also cream (where yellowing was not so obvious). They are well and truely obsolete nowadays.
Cellulose paints appeared around 1900 and are fast-drying, have high gloss and are reasonably durable. The explosive properties of the guncotton used to make them and the extreme fire hazard of cellulose paints meant that the paint manufacturers heaved a sigh of relief when alternatives became available and promptly dropped cellulose paints from their lists.
In 1930 paints were placed on the market where the natural resins in oleoresinous paints were replaced by a synthetic resin (alkyd paints). These had excellent colour stability, durability and were cheap. Therefore they replaced the oloeresinous paints almost overnight. These paints were universally used from 1930 up until about 1960 and still have a big use today. It is worth noting that they are only partially synthetic because they still use Linseed or similar oils in their chemistry
The alkyd paints because of their hardness and high gloss were given the trade name enamels in a reference to vitreous enamels. The word enamel in a paint context is misleading and still causes confusion when used for some modern paints. It is a term best forgotten!
Around 1960 many types of paint became popular in place of the universally used alkyd.
Acrylic paints were popular for a time and use what is essentially perspex dissolved in solvent. They are the modern equivalent of nitrocellulose without the hazards and give high gloss and very good durability. They require powerful solvents and can be quite expensive.
The 2-pack isocyanates give a performance previously unobtainable in terms of gloss retention, colour retention and durability. Their toxicity is a problem. Safety precautions should be followed rigidly with these paints but the risk is possibly quite low for most people. As with other toxins, individual susceptibility is a major factor and you might be more-or-less immune. On the other hand you might be ultra-susceptible and you won't know this until it is too late (this is why some people smoke cigarettes heavily to a ripe old age while other smokers succumb to cancer in their 30's).
Through the 1980's to about 2000 polyester paints were widely used for cars etc. These are alkyd paints where the chemistry of the base resin has been modified to replace linseed oil. Thus they are fully synthetic but need precise application conditions to succeed and as far as I know they are not sold for retail purposes.
Of late there have been major efforts made to move to water-based systems for ecological reasons. Except for some industrial applications which again are carried out under closely controlled conditions (and the very popular latex house paints which are a different animal),these are not much cop in my experience for hobby or retail use.
If I was finishing a model I would use an alkyd paint or a 2-pack isocyanate depending on how the model was to be used.
Anyone care to comment?
Chas