Use of nickel (as a natural meteoric nickelâiron alloy) has been traced as far back as 3500 BCE. Nickel was first isolated and classified as a chemical element in 1751 by Axel Fredrik Cronstedt, who initially mistook the ore for a copper mineral.
One of the most powerful bankers of his era, J.P. (John Pierpont) Morgan (1837-1913) financed railroads and helped organize U.S. Steel, General Electric and other major corporations.
Morgan parted ways with Morgan Yachts in 1972 and went on to found Heritage Yacht Corporation where he designed and built trawlers and sailing yachts. Beatrice Foods eventually sold ownership of Morgan Yachts to Catalina Yachts in 1984 who redesigned the Morgan Out Island 41 and sold it from 1986 to 1993.