'' in 1953. Gernsback provided a forum for the modern genre of science fiction in 1926 by founding the first magazine dedicated to it,
Amazing Stories. The inaugural April issue comprised a one-page editorial and reissues of six stories, three less than ten years old and three by
Poe,
Verne, and
Wells. As an
editor, he valued the goal of scientific accuracy in science fiction stories: "Not only did Gernsback establish a panel of experts——all reputable professionals from universities, museums, and institutes—to pass judgment on the accuracy of the science; he also encouraged his writers to elaborate on the scientific details they employed in their stories, comment on the impossibilities in each other's stories, and even offered his readers prize money for identifying scientific errors." He also played an important role in starting
science fiction fandom, by organizing the
Science Fiction League and by publishing the addresses of people who wrote letters to his magazines. Fans began to organize, and became aware of themselves as a movement, a social force; this was probably decisive for the subsequent history of the genre. Gernsback created his preferred term for the emerging genre, "scientifiction", in 1916. He is sometimes also credited with coining "science fiction" in 1929 in the preface of the first
Science Wonder Stories, and the preface itself makes no mention of it being a new term. In 1929, he
lost ownership of his first magazines after a bankruptcy lawsuit. There is some debate about whether this process was genuine, manipulation by publisher
Bernarr Macfadden, or a Gernsback scheme to begin another company. After losing control of
Amazing Stories, Gernsback founded two new science fiction magazines,
Science Wonder Stories and
Air Wonder Stories. A year later, due to Depression-era financial troubles, the two were merged into
Wonder Stories, which Gernsback continued to publish until 1936, when it was sold to
Thrilling Publications and renamed
Thrilling Wonder Stories. Gernsback returned in 1952–53 with
Science-Fiction Plus. Gernsback was noted for sharp, sometimes shady, business practices, and for paying his writers extremely low fees or not paying them at all.
H. P. Lovecraft and
Clark Ashton Smith referred to him as "Hugo the Rat".
Barry Malzberg has said: Gernsback's venality and corruption, his sleaziness and his utter disregard for the financial rights of authors, have been well documented and discussed in critical and fan literature. That the founder of genre science fiction who gave his name to the field's most prestigious award and who was the Guest of Honor at the
1952 Worldcon was pretty much a crook (and a contemptuous crook who stiffed his writers but paid himself $100K a year as President of Gernsback Publications) has been clearly established.
Jack Williamson, who had to hire an attorney associated with the American Fiction Guild to force Gernsback to pay him, summed up his importance for the genre: At any rate, his main influence in the field was simply to start Amazing and Wonder Stories and get SF out to the public newsstands—and to name the genre he had earlier called "scientifiction." == Fiction ==