Invention of radio such as Oliver Lodge and Jagadish Chandra Bose, while transmitting radio waves some distance, did not seem to see any value in developing a communication system based on them. In their experiments they did develop electronic components and methods to improve the transmission and detection of electromagnetic waves. In the mid 1890s, building on techniques physicists were using to study electromagnetic waves, Guglielmo Marconi developed the first apparatus for long distance radio communication. On 23 December 1900, the Canadian inventor Reginald A. Fessenden became the first person to send audio (wireless telephony) by means of electromagnetic waves, successfully transmitting over
Marconi Wireless Telegraph Company of America of United Wireless' tangible assets, which in turn on March 29, 1912 were sold by the parent company to American Marconi. It would later be alleged that this had unfairly benefited some British investors, in what came to be known as the Marconi scandal. The acquisition would prove to be a tremendous boost to American Marconi's fortunes, and the company boasted that "There is now nothing in the way of Marconi becoming the only system of commercial importance in the world." Recently passed laws required U.S. passenger ships to carry radio equipment, and American Marconi's near monopoly allowed it to