J.P. Morgan provided Nikola Tesla with funding for the Wardenclyffe Tower

Guglielmo Marconi overshadowed Nikola Tesla through commercialization

Despite Tesla envisioning wireless power and communication earlier, Marconi developed practical implementations of wireless communication, including transmitting the first transatlantic radio signal. The technology, which facilitated telegraphy critical for warships and navies, earned Marconi the 1909 Nobel Prize in physics.

Nikola Tesla's biggest dream was a worldwide network of wireless power transmission

He built the Wardenclyffe lab and a massive prototype transmission tower to develop trans-Atlantic transmission, but it was never operational. The concept was based on incorrect assumptions about Earth's conductivity, but it inspired subsequent efforts for wireless systems.

Nikola Tesla's original laboratory was recognized as a historical site in 2018

Beginning in 1901, the Wardenclyffe Tower was built on Long Island, New York to transmit electrical power through Earth's atmosphere. The project was abandoned before becoming operational due to limited funding, and was demolished for scrap in 1917 to help pay off Tesla's debts.

Thomas Edison publicly executed animals with AC to convince the public of its dangers

J.P. Morgan first backed Thomas Edison's direct current system, seeing electricity's potential to usurp John D. Rockefeller's kerosene empire. Despite the investments and smear campaign against alternating current, alternating current ultimately won public support after lighting the 1893 World's Fair, after which Morgan would fund Tesla's wireless transmission tower.

The disputed inventor of the radio

Guglielmo Marconi was awarded the 1909 Nobel Prize in physics for inventing the wireless telegraph, which used radio waves to transmit Morse code. Nikola Tesla, however, was experimenting with radio waves in the 1890s, though much of his work was destroyed in a 1895 fire.

Named after Nikola Tesla, who pioneered alternating current power systems, the Tesla coil was the first device to wirelessly transmit electricity.

Nikola Tesla embraced showmanship when promoting ideas ahead of their time

He once electrified himself during a live demonstration to illustrate the safety and power of alternating current, and his presentations often featured arcing coils, glowing lights, and bold claims about a future of wireless power.

George Westinghouse purchased Tesla's AC technology patents for $60,000

The seven patents in alternating current motors and power transmission formed the basis for a system of technologies including generators, transformers, and lighting. Nikola Tesla spent half the funds on a new laboratory to develop new inventions.

In 1898, Nikola Tesla wowed a crowd by controlling a boat with no visible connection

Some onlookers thought it was a trick, such a a monkey being inside the boat, rather than mind control or some other metaphysical phenomenon. In reality, Tesla was pioneering radio waves, proving wireless control was possible.

Tesla's lack of business savvy and inability to commercialize led to his obscurity

For decades, despite pioneering technologies for large-scale electrical systems and telecommunications, Nikola Tesla had been forgotten to history. Rather than monetizing his work and becoming more well known, his inventor-first mentality saw him sell off lucrative patents to fund new experiments in the short term.

When Tesla died in 1943, the FBI seized his property for national security

Although Nikola Tesla had become increasingly eccentric in his later years, the US government wanted to ensure plans for a possible secret weapon didn’t fall into enemy hands during World War II.

Despite promoting alternative current, Nikola Tesla did not invent it

The technology was developed by Hippolyte Pixii in 1832, almost 25 years before Tesla was born. Other myths about Tesla include that he invented the transformer, radio, and the induction coil, which was invented by Nicholas Callan in 1836.

The world's first AC hydroelectric power plant incorporated Tesla's engineering

Built at Niagara Falls, New York, the plant alternating current electricity was hailed as the future of power generation. Tesla's fascination with Niagara Falls is traced to his seeing a photo of the waterfalls when he was still a child.

Tesla's first successful AC prototype used a metal shoe polish tin for a rotor

After leaving his position working with Thomas Edison, Tesla partnered with George Westinghouse to promote alternating current systems as a more viable, scalable solution to electricity transmission.

A pair of engineers began Tesla to prove the viability of electric vehicles

Martin Eberhard and Marc Tarpenning sought to design a high-end electric sports car for environmentally motivated, affluent buyers. The Tesla Roadster would be the first highway-legal car to use lithium-ion batteries.

Niagara power helped electrify early New York City

Tesla's AC system at Niagara Falls was so successful that electricity generated there lit up Broadway theaters and powered NYC's subway system in the early 1900s.

Tesla's alternating current power's most of the world's electric grids

In 1879, Thomas Edison’s light bulb relied on direct current, but such currents can't efficiently transmit power over long distances. Nikola Tesla introduced alternating current, which feature far fewer energy loses. Despite Edison’s attempts to discredit AC, Tesla proved its efficiency by lighting the 1893 Chicago World’s Fair.

Nikola Tesla was born in modern-day Croatia and moved to the US in 1884

His interest in electricity came from his mother, who invented small household appliances during Tesla's upbringing. Upon arriving in America, he began working for and improving upon the electrical inventions made in Thomas Edison's lab.

No proof of Nikola Tesla developing a working 'death ray' exists

He described his "teleforce" weapon as generating beams of concentrated particles that could destroy targets from 250 miles away with unparalleled precision. Analysis of Tesla's papers on the subject by an expert after his death revealed the work to be mostly speculative.

Watch a timeline of the history of electricity, from observations of static electricity in antiquity to the War of the Currents—a rivalry to establish the ideal system for electric grids.

'Every day sees humanity more victorious in the struggle with space and time.'

- Radio inventor Guglielmo Marconi

When a radio company was the biggest tech stock around

The Radio Corporation of America was the biggest stock during the 1920s. Originally called Marconi Wireless, the company transformed radio technology. The company pioneered broadcasting, created NBC, and became a tech giant. After remarkable growth and challenges, RCA was acquired by General Electric in 1986, marking the end of its 67-year independent existence.

Niagara Falls helped decide the battle between AC and DC power

In the 1890s, Niagara Falls became the proving ground for alternating current (AC) when Tesla and Westinghouse built the first large-scale AC hydroelectric plant—defeating Edison’s push for direct current (DC) in the US electrical system.

Alternating current was used to commit the first execution by electric chair

Dubbed the "executioner's current," the device was designed in Thomas Edison's lab by Harold Brown—an opponent of George Westinghouse and Nikola Tesla. The effort aimed at discrediting AC technology and gain favor for Thomas Edison's direct current as part of "The Current War."

JP Morgan Jr. once angered the nation with his zero-dollar tax bill

In the aftermath of the Great Depression, Congress learned that Morgan and his banking partners had avoided paying any federal income tax in 1931 and 1932. By claiming their losses in the stock market, they seemingly erased what they owed.

Around 380 underwater cables power the Internet across the world.

On July 29, 1858, two steam-powered battleships met in the middle of the Atlantic Ocean. There, they connected two ends of a 4,000 kilometer (2,500 mile) long, 1.5 centimeter (0.6 inch) wide cable, linking for the first time the European and North American continents by telegraph.

A quote by scientist Nikola Tesla

"The scientific man does not aim at an immediate result ... His duty is to lay the foundation for those who are to come, and point the way."

Read about the nine depictions of Nikola Tesla in media through 2020

Portrayals include comedic takes, like John C. Reilly's performance in Comedy Central's "Drunk History" series, and more serious interpretations, like Nicholas Hoult's performance in Alfonso Gomez-Rejon’s historical drama, "The Current War."

Thomas Edison, eager to communicate with ghosts, tinkered with an apparatus called the 'spirit phone.'

The transatlantic cable allowed for communications between North America and Europe

It had significant impacts on just about every industry, including finance. Specifically, the transatlantic cable made it so that real-time financial transactions could take place across the Atlantic, and allowed for much faster sharing of information that increased global market accuracy.

Elon Musk joined Tesla in 2004, investing $30M and becoming chair

The company went public in 2010, raising $226 million in its IPO just two years after beginning production on its first car. Tesla's first Supercharger stations were launched in 2012 with six locations in California.

Credit for inventing the laser was fought over for nearly three decades

Although Theodore Maiman built the first working laser in 1960, Gordon Gould coined the term earlier. Charles Townes and Arthur Schawlow of Bell Labs filed a patent after Gould came up with the idea and name, but before Gould filed his patent.

Benjamin Franklin described a series of static electricity storage jars as 'batteries'

Discovered over 50 years before the first electrochemical cell was invented, Leyden jars stored electric charge between the metals inside and outside a liquid-filled container. Franklin was the first to use the term "battery" in an electrical sense, though his multiple-jar device—lacking chemical reactions—was actually a series of capacitors.

View a gallery of whimsical transmission tower designs from around the world

Despite their importance to the functioning of the electric grid, these structures are often considered aesthetically unpleasant. To remedy this, some have been transformed into art installations featuring stained glass and colorful lighting, or built with whimsical designs, such as clown faces or giant bodies.

Ray Bradbury said he was inspired to pursue writing after meeting a magician named Mr. Electrico, but scholars have never been able to confirm the story.

How JPMorgan Chase became America's biggest bank

From the railroad and steel consolidations brokered by John Pierpont Morgan on Wall Street more than a century ago, to the repeal of Glass-Steagall, the financial crisis, and Jamie Dimon’s leadership, J.P. Morgan Chase has been at the center of finance for more than a century.

Pierre Curie's knowledge of electromagnetism helped decipher radioactivity

Alongside his brother, he studied electric fields in crystals and the magnetic properties of substances, which required the construction of delicate electrometers. He would use this apparatus with Marie Curie to measure radioactive emissions and the presence of undiscovered radioactive elements.

Twain claimed to possess 'mental telegraphy'

In an 1891 essay, the writer claimed to possess psychic powers. It’s something that seemingly supported by his mother and his own death: Twain predicted he would die the day after Halley’s Comet returned in 1910, which did indeed happen.

The Wrights’ patent battles delayed the development of aviation technology in the US

By the time World War I began in 1914, the US was lagging behind European powers in aviation. This stemmed primarily from wars over patents between the Wrights and competitor Glenn Curtiss. The pair argued their 1906 patent covered all mechanisms enabling lateral flight.

Watch a video about how cellphones conquered the world

A fight with a telecom giant. A stunt call on a New York sidewalk. A forgotten memo that rewired the world. Host Sony Kassam sits down with Marty Cooper, the father of the cellphone, and Arlene Harris, the first lady of wireless, to explore the innovation, politics, and high-stakes battles that pried connectivity out of corporate control, unlocked the airwaves, and built the always-on world we live in today, for better or for worse.

Orson Welles' 1938 broadcast of 'War of the Worlds' invoked real panic

The raconteur's teleplay of HG Wells' 1898 science fiction novel presented the plot as a news broadcast, leading some listeners to believe that New Jersey was being invaded by Martians. This retrospective from the National Endowment for the Humanities unpacks how he made it happen, and the media fallout that ensued.

The history of the North American power grid, which is composed of five major grids

Thomas Edison's Pearl Street Station was the first US commercial power plant, burning coal to power lamps for some Manhattan residents. Over time, local power plants would be bought out by larger ones, forming interconnected systems spanning multiple states. Today, the Eastern Interconnection and Western Interconnection are the largest of these systems.

Before the invention of transistors, vacuum tubes made radio possible

Discovered by Thomas Edison, vacuum tubes allow electrical currents to travel through empty space. Later modified into a diode—keeping current flowing in only one direction—vacuum tubes allowed electronics to turn alternating current into direct current.

In 1931-32, JP Morgan Jr. paid no income taxes due to his company’s losses

This legally reduced his taxable income under existing laws. Similarly, the Rockefellers leveraged charitable foundations to minimize taxes, allowing them to preserve wealth while directing funds to their preferred causes.

Thomas Edison inadvertently spurred the film industry's move to Hollywood

The inventor's patent on the motion picture camera included several stipulations that required independent movie studios to work with Edison's Motion Picture Patents Co., making the East Coast undesirable for aspiring filmmakers.

The coronavirus pandemic sparked theories about the dangers of 5G

COVID-19 spreading around the same time as the rollout of 5G sparked conspiracy theories and outrage that the new wireless technology was harming people and the environment. (Some users may experience a paywall.)

Key moments in fintech history include the transatlantic cable’s invention and E-Trade’s founding

Founded in 1982, E-Trade was the first-ever online brokerage, pioneering a method of investing that is common today. Its story is part of a timeline that the New York Times put together of key moments in early fintech history.

In the 1970s, a former NASA engineer pitched remote work as a solution to an energy crisis

His name was Jack Nilles, and he wrote a book that is considered the "founding document of telecommuting" in 1973 called "The Telecommunications-Transportation Tradeoff," coining the terms "telecommuting and telework." Nilles argued that telecommuting could serve as an "alternative to transportation," helping cut down on gridlocked traffic and reduce society's reliance on nonrenewable resources like oil. (Some users may experience a paywall.)

Twain was a notoriously bad investor

After becoming a famous writer, Twain invested in railroad stocks, a magnetic telegraph, and a printing press that weighed four tons. Eventually, he founded his own publishing company, which ultimately led to his bankruptcy. “He is, in business,” one lawyer said, “just a big overgrown boy.”

Why Edwin Armstrong developed FM radio

AM radio was popular but prone to interference and static, which could be frustrating for listeners. In 1933, Armstrong, a Columbia University professor, discovered that a clearer signal could be broadcast by revising how it was captured.