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When you think about the greatest inventors of all time, there are a few names that come to
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mind. Henry Ford. The Wright brothers. Thomas Edison. But there's one name that is not as recognizable.
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When you plug your phone in, turn on the lights, or use the refrigerator, you have
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Nikola Tesla to thank. This is the story of the forgotten genius and the story begins at the end.
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On January 7, 1943 a maid working at the New Yorker Hotel walked into room 3327, where she
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found the body of an 86--year-old man who called the hotel home for the past decade.
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Tesla died alone and broke. He lived off a diet of warm milk and crackers and was obsessed with
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feeding the pigeons outside. One of the greatest inventors of all time faded into obscurity and
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died penniless. There is a reason why this happened which will become clear by the end
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of this story. Tesla was born in the town of Smiljan in present-day Croatia on July 10, 1856.
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He was born during a lightning storm. According to family legend, the midwife said halfway through the
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birth: this child will be a child of darkness to which his mother replied, no, he will be a child
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of light. Little did she know how prophetic those words would be. When Tesla was five he witnessed
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his older brother fall from a horse and later die. This would haunt him for the rest of his life.
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As a child, he began seeing visions accompanied by flashes of light, confusing what was real and what
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was imaginary. This never went away. The vision spurred his ability to conceive inventions in
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his head in such detail that he didn't even need to draw them out. He explained how the designs
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were perfected in his mind in an article in 1919. "Invariably, my device works as I conceived that
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it should and the experiment comes out exactly as I planned it. In 20 years there has not been
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a single exception." Tesla credits his mom for his interest in invention. Đuka Mandić invented small
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household appliances in her spare time. She had an eidetic memory - the ability to recall an image from
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memory with high precision and she passed this on to her son. Tesla's father was a priest and wanted
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him to become one too but Tesla was interested in engineering. When he contracted cholera as a teen
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and nearly died, his father promised to send him to engineering school if he survived and
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miraculously, he did. He went to study in Austria at the Technical College of Graz where he is
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said to have worked from 3 am until 11 pm every day. Professors were worried that he
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would die from exhaustion. Tesla had a beautiful mind. He could perform calculus in his head and
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spoke eight languages. He was a good student at the start but would not finish school.
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He dropped out after becoming addicted to gambling and cut ties with his family so they wouldn't find
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out. His friends didn't know what happened to him either. They thought he drowned in a river.
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Tesla moved around Europe and eventually ended up in Budapest working as an electrician at a
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telephone company. While walking around a park in the city one day, he had an epiphany about
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developing a new way of generating electricity using alternating current. It would be his greatest
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invention that would change the world. I'll explain more about AC a little later. In 1882,
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he settled in Paris to work for the French branch of Thomas Edison's electric company. He started off
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installing indoor lighting but the managers noticed his talents and had him doing more
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complicated work, designing and building dynamos and motors. He was soon traveling throughout Europe
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fixing problems at other Edison branches. Two years later, in 1884, Tesla's manager offered him
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a job at Edison Machine Works in New York City. He agreed and arrived in America with only four
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cents in his pocket because his money was stolen on the boat ride over. Tesla initially had a good
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impression of Edison. Edison was also impressed by Tesla, later saying: "I have had many hard-working
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assistants but you take the cake." This mutual admiration didn't last. They would become bitter
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rivals. The two men disagreed over how electricity should be contained and delivered. Edison preferred
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direct current which is a system where the electric charge only flows in one direction.
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Tesla was a fan of alternating current in which the electric charge changes direction periodically.
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Changing directions is crucial to maintaining a steady supply of electricity because it does not
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overpower outlets. This means it can provide more power and transmit power over longer
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distances. It's the reason AC powers our homes and other large appliances whereas DC powers
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smaller items like flashlights. But Edison didn't care about AC because it could have hurt the
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sales of direct current since he owned all the patents for DC. According to Tesla, a manager at
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Edison's company offered him a $50,000 bonus if he could improve some machines that ran on DC.
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When he did, the manager refused to pay up. Another account of the story has Edison telling Tesla:
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"You don't understand our American humor." Regardless of how it played out, Tesla quit and set off to
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form his own electric company the following year in 1885. But his investors showed little interest
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and decided to take the company and all of Tesla's patents which they could do because
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Tesla had assigned the patents to the company in exchange for stock which was now worthless. After
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losing his company, Tesla had to take a job digging ditches for two dollars a day just to survive. But
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his fortunes would change. In 1887, Tesla invented an induction motor that ran on alternating current.
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The motor was the most efficient way to convert electricity to mechanical power. Aversion of it
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powers Tesla's vehicles which took its name from the inventor. He patented the motor and showed it
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off the following year at the American Institute of Electrical Engineers that caught the attention
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of George Westinghouse, a major player in the electric market who realized Tesla's AC motor
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might just be what he needed to complete his alternating current system and compete against
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Edison's DC system. So Tesla licensed the patents for the AC motor to Westinghouse for
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$60,000 and also received stock and royalties. Westinghouse hired him as a consultant
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for $2,000 a month which is the equivalent of over $50,000 a month
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today. The war of the currents began. Edison tried hard to try to discredit Westinghouse and Tesla.
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He secretly financed the electric chair that used alternating current to prove how dangerous AC was.
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Edison's company also publicly tortured animals to prove its point. In 1903, they electrocuted a
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circus elephant named Topsy and produced a film about it called Electrocuting an Elephant. Despite
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Edison's schemes, good things were happening for Westinghouse and Tesla. They underbid Edison and
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his newly formed company General Electric to illuminate the World's Colombian Exposition
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in Chicago in 1893. The first all-electric fair celebrated the 400th anniversary of Christopher
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Columbus's discovery of America. It was clear to the 27 million people who attended that AC would
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power the future. Their success continued when they beat out Edison's General Electric again to
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build the world's first alternating current power plant in Niagara Falls. The hydroelectric power
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station was a massive success and helped light up Buffalo, New York. The building of the plant also
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meant Tesla became a pioneer in renewable energy. His statue can be found at Niagara Falls today.
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Westinghouse and Tesla won the war of the currents and direct current was being phased out.
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But there were problems. Westinghouse's company was running out of money and eventually went $10
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million into debt. In 1897, he went to Tesla and asked if his royalties could be reduced
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in a desperate attempt to save the company. Tesla was so compelled by compassion for his friend
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that he ripped up his contract. He was grateful to Westinghouse for believing in him when no one else
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would. Tesla willingly walked away from $12 million in royalties which in today's terms
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would be worth over $300 million. Had he held on to those royalties over time, he would have likely
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become the wealthiest person on the planet and the first person with a billion dollar net worth. That
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act of compassion for his friend of tearing up his contract saved Westinghouse. In return, Westinghouse
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paid Tesla $216,000 for the rights to use as ac patents forever. This
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is the equivalent of about $60 million today. With that money, Tesla became financially
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independent and set up a series of laboratories in New York for new projects where he was visited by
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the rich and famous, including his close friend and one of the greatest American writers of all time,
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Mark Twain. This was his period of many inventions. He held over 300 patents in his lifetime.
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He created an early version of neon lighting, the tesla turbine - a bladeless turbine for vehicles.
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He pioneered x-ray technology by experimenting with radiation. This is an x-ray of his own hand.
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Another stand-out invention was one of the first remote controls. In 1898, he controlled a miniature
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boat at Madison Square Garden in New York. It was so far ahead of its time that the crowd thought
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he was using magic to make it move. That would be the ancestor to today's remote-controlled drones.
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One of his most well-known inventions is the Tesla coil - a device that can produce large amounts of
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high voltage electricity. Because of the coils, he discovered he could send and receive powerful
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radio signals when they resonated at the same frequency. Tesla was getting ready to broadcast
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his first radio signal but disaster struck. A fire destroyed his lab in 1895. He lost years
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of research and equipment. Tesla didn't apply for a patent for the radio until two years later. The
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fire would be the turning point in his life that led to a downhill spiral. At the same time that
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he was working on radio, an Italian entrepreneur, Guglielmo Marconi, was also working on the radio
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in England. He tried to acquire patent rights in the US but was turned down because it was too similar
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to Tesla's. However, things changed when Marconi was able to send the world's first transatlantic radio
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message in 1901 using 17 of Tesla's patents. Edison then threw his financial support behind Marconi.
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Tesla had no problem with Marconi's achievements but in 1904, the US Patent Office suddenly changed
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its mind and awarded Marconi a patent for the invention the radio. There has never
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been a reason given for this decision but the powerful financial backing Marconi received
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could explain it. Marconi went on to win the Nobel Prize in Physics in 1911 which was only possible
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due to Tesla's work. Tesla was furious and sued Marconi. The case dragged on in court for years and
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was only settled in Tesla's favor after his death. That radio incident negatively impacted the rest
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of Tesla's career. For example, Tesla was obsessed with bringing wireless communication to the world
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and built a huge wireless transmission station in Long Island, New York called Wardenclyffe Tower. He
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imagined a world where we could send and receive messages wirelessly. He was, again, well ahead of his
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time. But financial backers did not have enough faith in his project. They pulled out and banked
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on Marconi's radio invention instead. This left Tesla in financial ruin. He had no choice but to
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abandon his dream project in 1905 and eventually lost Wardenclyffe Tower to foreclosure. Tesla's
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mental health deteriorated. He lived his last decade in the New Yorker Hotel beginning in 1933.
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Westinghouse Corporation hired him as a consultant and paid for his room. He lived rent-free but died
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in debt. So why did one of the greatest inventors of all time fade into obscurity and die penniless?
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You could say T esla was unlucky at times like when the fire burned down his New York lab.
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But the main reason is because Tesla was not a capitalist. He made decisions that those with
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more business acumen would not have made such as giving up his royalties for the AC motor. He wasn't
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concerned about money. He was concerned about the pursuit of science for the betterment of humanity.
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He wanted to change the world and he did. Thanks in part to Elon Musk's company, people are starting
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to learn more about the man who inspired the company, a man whose inventions would
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power our entire planet. It's because of Tesla that modern society functions the way it does.
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Tesla's mother called him a child of light and she was quite right.
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Thanks for watching the story of Nikola Tesla, I hope you enjoyed it.
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I'm Cindy Pom. If you like what you, saw subscribe to my new channel.
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I also started a Patreon where you can make a monthly contribution and this will go a really long way toward helping this channel grow. See you soon.