Samuel Langhorne Clemens, also known as Mark Twain, was born in Florida on November 30, 1835. He was the sixth of seven children. He is not only known for his writing, but he was also a famous journalist and humorist. He is known for producing magical writing that attracted a worldwide audience and earned him a famous writer. To this day, Twain is well remembered and his work is read by many.

Twain made a lot of money from his writing. Some of his famous works were The Gilded Age, Life on the Mississippi, The Adventures of Tom Sawyer, A Tramp Abroad, The Prince and the Pauper, A Connecticut Yankee in King Arthur’s Court Y Huckleberry Finn. A large part of this money was lost due to bad investments. These investments were primarily due to investments in new technology, especially the Paige typesetting machine. It was a mechanical engineering device that was known to amaze onlookers when it worked. The problem with this device was that it was prone to many breakdowns, so Mark Twain spent a large sum of $300,000 on the device. Before the device was perfected, Linotype replaced it on the market. Because of this, Mark Twain lost a large part of the profits made by his books, as well as a large part of the money inherited from his wife Livy.

Mark Twain was very fascinated with science. He developed a strong friendship with Nikola Tesla. He, along with Tesla, spent a lot of time in Tesla’s laboratory. Twain is said to have invented a new type of steam engine, the Kaolatype, and a baby bed clamp.

Another source of Twain’s financial problems was publishing. He also lost a large part of the money through the publisher. The publisher enjoyed much early success selling Ulysses S. Grant memorabilia. Shortly after this initial success, the publisher went bankrupt and lost a lot of money. This was due to the idea that it was similar to selling Ulysses S. Grant memorabilia. It was thought that the public would now be interested and buy the biography of Pope Leo XIII. The idea was rejected and only fewer than hundreds of copies were sold.

To get back on his feet financially, Mark Twain began lecturing alongside his writing. Together with his new friend he recovered financially. Lost lasting friendship in 1893 with Henry Huttleston Rogers, a financier, who was the director of Standard Oil. The recovery process began when Henry asked Twain to file for bankruptcy. After this, he asked Twain to give his wife the copyright to his works written by him. This prevented creditors from seizing his works. Rogers then went on to take over Twain’s money entirely until he had paid off all creditors.

Finally, to pay all creditors in full, Twain lectured around the world, even though Twain was under no legal obligation. In 1900, Twain then returned to the United States having earned enough to pay off his financial debts.