The concept of electromagnetic radiation originated with Maxwell, and his field equations, based on Michael Faraday’s observations of the electric and magnetic lines of force, paved the way for Einstein’s special theory of relativity, which established the equivalence of mass and energy. Maxwell’s ideas also ushered in the other major innovation of 20th-century physics, the quantum theory. His description of electromagnetic radiation led to the development (according to classical theory) of the ultimately unsatisfactory law of heat radiation, which prompted Max Planck’s formulation of the quantum hypothesis—i.e., the theory that radiant-heat energy is emitted only in finite amounts, or quanta. The interaction between electromagnetic radiation and matter, integral to Planck’s hypothesis, in turn has played a central role in the development of the theory of the structure of atoms and molecules.
This video from YouTube shall adequately explain about Maxwell's theory.
Courtesy: SciShow