Nicola Tesla was a brilliant man who made possible the advancement of technology in the past century, and everything that we have today is thanks to him, the alternator, the radio, the laser.
Would you believe that in 1898 he invented a mechanism for moving vessels or vehicles without wires? The first radio controlled vessel!
He also discovered a way of transmitting wireless energy through the air and had the plans to give it to the world for free. J.P. Morgan was one of the principal investors but at first he didn't knew Tesla's plans.
In 1900, Morgan financed Nikola Tesla and his Wardenclyffe Tower with $150,000 for experiments in transmitting energy. However, in 1903, when the tower structure was near completion, it was still not yet functional due to last-minute design changes that introduced an unintentional defect. When Morgan wanted to know "Where can I put the meter?" Tesla had no answer. By July 1904, Morgan (and the other investors) finally decided they would not provide any additional financing. Morgan also advised other investors to avoid the project.
Morgan was also investing on the copper mines, and the transmission of wired energy seemed more profitable than the transmission of wireless energy. There is so much to talk about Nicola Tesla that I'm gonna talk about him later to write more details.
To get the big picture here, is that Mr. J.P. Morgan was an Investor a Banker, a Robber Baron who in the name of profit decided to destroy what could have been one of the most important constructions of the human kind. We can not call J.P. Morgan the Big Daddy... but he certainly is a close friend.
Let's talk about J.P. Morgan.
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