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The first official patent for the radio was made for Guglielmo Marconi -
Marconi sent the first trans-Atlantic signal from Ireland to Canada. -
Reginald Fessenden worked with General Electric to create alternators that could sustain a consistent broadcast wave with enough power to transmit voices and music over thousands of miles. -
Guglielmo Marconi sold his equipment to General Electric who created the Radio Corporation of America.
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Universities started to offer radio-based courses, churches started broadcasting their services, and newspapers started creating tie-ins with the radio broadcast.
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There were 576 licensed radio broadcasters.
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The stock price went from $85 to $500.
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About 80% of America's population owned a radio.