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Well the H1 came decades before (and still exists, its more generic), and the B was supposed to be specific gaps for skilled workers - longer term allowed, you can change jobs on this one (the original requires you to get a new visa, the h1b you just need to file a petition), allowed for a longer stay which was helpful for people trying to become citizens, it was meant to be used far, far, far less than it is today and has limited that are constantly ignored, etc,
The H1B came out in 1990, it only took a few years for companies to work around the limitations that were intended and use skyrocketed.
So probably for around 2-3 years it was a good idea.