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Nikola Tesla |
Even as early as 1899, Tesla had invented a device called the magnifying transmitter. This device could convert radiant energy in the atmosphere to electrical energy without any additional resource for its operation. This should have been a revolutionary invention, as it meant providing electricity to millions and millions of people with very little or no cost at all.
However, the inventor was
dependent on an investor, J. P. Morgan, for financial support for his project. Once
Morgan realized the full implication of Tesla’s invention, the wealthy financier
was more alarmed than pleased, as it meant loss of millions of dollars in terms
of profit for electric companies. He immediately refused any further assistance
to the development of the transmitter. Furthermore, he used his influence among
other investors to make sure that no one provided any financial support for
Tesla. And worst of all, the inventor's laboratory was found burned to the ground,
though no evidence was found to indict the investor. That was the end of
Tesla’s dream of free energy for everyone.
Well, in some ways, it was; and
in other ways, it was not. The electric companies got what they wanted. Free
energy remains a mystery to most common people to this day. The power companies
keep getting millions and billions of dollars of profit every year. But even
amid such setbacks, Nikola Tesla refused to give in completely. He no longer
had the money to develop his magnifying transmitter the way he had intended but
he was still able to construct a miniature version of it. The scaled down
version of the device could not produce energy in huge amounts. But it still
provided the much needed proof of concept of its working.

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