Similarly, Marconi initially overlooked the radio’s value as a public broadcast medium, instead believing its principal application would be in the transmission of point-to-point messages, such as ship-to-ship, where communication by wire was infeasible. A second source of technological uncertainty reflects the possibility that an innovation’s full potential may be realized only after extensive improvements, or after complementary innovations in other fields of science.
The Special Line of Credit in Foreign Currency was offered to give a sense of direction to the industry.