Wardenclyffe or nikola tesla's power tower
Nikola had a bigger dream that he was never able to accomplish. It was an effort to create a power source that did not rely solely on nonrenewable resources. He wanted to tap into the energy that the Sun created on contact with our atmosphere. After running some trials in Colorado Springs in which he had success, Tesla was confident that he could create a wirelessly transmitted source of power, which would be strong enough to run energy around the world.
J.P Morgan was Tesla’s initial investor; however Morgan did not understand Tesla’s intentions with the project. Morgan thought that Tesla was creating some sort of wireless power station that could profit from like oil, however Tesla was really creating a free source of energy.
Morgan cut the funding for Tesla’s tower for a few reasons, but the majority of people believe it was because he didn’t want to create a free source of power for people to harness. Through a combined effort of the Great Depression and a lack of investors the progress on the tower soon halted to a stop. It was soon stripped down for the spare metal and wood it held in 1905. “Tesla and his team had to abandon the project forever. The newspapers called it, Tesla's million dollar folly”(Uth and Cheney). Nikola Tesla was humiliated after this, and suffered a mental breakdown. His lifelong dreams were crushed due to the greed of JP Morgan and a collapsing economy.
J.P Morgan was Tesla’s initial investor; however Morgan did not understand Tesla’s intentions with the project. Morgan thought that Tesla was creating some sort of wireless power station that could profit from like oil, however Tesla was really creating a free source of energy.
Morgan cut the funding for Tesla’s tower for a few reasons, but the majority of people believe it was because he didn’t want to create a free source of power for people to harness. Through a combined effort of the Great Depression and a lack of investors the progress on the tower soon halted to a stop. It was soon stripped down for the spare metal and wood it held in 1905. “Tesla and his team had to abandon the project forever. The newspapers called it, Tesla's million dollar folly”(Uth and Cheney). Nikola Tesla was humiliated after this, and suffered a mental breakdown. His lifelong dreams were crushed due to the greed of JP Morgan and a collapsing economy.