When did professional boxing split? and why?

Hi, I'm new to boxing, and I want to know when all these different boxing organizations popped up. , and I know that there used to World Boxing Association is the oldest and original organization. When did it split up? I know they did it because of money/corruption/other but what was the public reason for... show more Hi, I'm new to boxing, and I want to know when all these different boxing organizations popped up. , and I know that there used to World Boxing Association is the oldest and original organization. When did it split up?

I know they did it because of money/corruption/other but what was the public reason for the split. Obvious new organizations did jump up and say "Hey, we want more money. We now will create a new Boxing organization"
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