Einstein:
In 1915, Albert
Einstein proposed his theory of general relativity. Explaining that,
gravitational fields alter the very geometry of space and time.
Observations from space revealed an unexpected source of X-rays
coming from a previously unremarkable area of the galaxy. A massive
object was the sources of this energy and Signus X1 became worldwide
news. Scientist had discovered a black hole in a binary system;
making this the first observation of Einsteinien black holes. And
while direct observation was impossible, its existence was deducted
due to the black hole's apparent gravitational effect on its companion
star.

Newton:
Based on Isaac
Newton's laws of gravity in the 1700's scientist, began to discuss
the possibility of an object so dense that it could completely capture
light. Unlike Einstein, Newton drew no connection between space
and gravity. He believed that gravity was a singular force that
only reacted on objects.
English geologist John Michell realized that, using Newtonian physics,
it would be theoretically possible for gravity to be so overwhelmingly
strong and that nothing, not even light traveling at 186,000 miles
an hour, could escape it. To generate such gravity, an object would
have to be very massive and unimaginably dense. At the time, the
necessary conditions for "dark stars" (as Michell called
them) seemed physically impossible, and astronomy had not yielded
any observational data. His ideas were published by the French mathematician
and philosopher Pierre Simon Laplace in two successive editions
of an astronomy guide.

(http://antwrp.gsfc.nasa.gov/apod/ap001210.html)
These
images generated by a computer show what happens if you went too
close to a black hole. The image on the right shows the effects
of being close to a black hole; objects are distorted and light
is bent towards you because of the intense gravity felt.
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