MWBA Ep. 5

How did Andrew Carnegie respond to the challenges posed by Henry Frick's management style during the labor unrest at Carnegie Steel?

• He supported Frick's aggressive tactics to maintain control.

• He cut short his trip abroad to address the situation in Pittsburgh.

• He decided to sell his shares in Carnegie Steel.

• He ignored the unrest, believing it would resolve itself.

In what way did J.P. Morgan's approach to business differ from that of his father?

• He focused solely on banking without investing in new industries.

• He was willing to take significant risks to create his own legacy.

• He avoided competition and sought to maintain the status quo.

• He preferred to buy existing companies rather than build them.

What was the primary reason John D. Rockefeller launched a PR campaign against electricity?

• To promote his own oil business as a safer alternative.

• To encourage public interest in new technologies.

• To support J.P. Morgan's investments in electricity.

• To divert attention from his own business practices.

How did Nikola Tesla's invention of alternating current (AC) challenge Thomas Edison's direct current (DC) system?

• AC was less efficient and more dangerous than DC.

• AC could transmit electricity over longer distances more effectively.

• DC was more popular among the public than AC.

• Tesla's invention did not significantly impact the electrical industry.

What was the significance of J.P. Morgan's investment in Thomas Edison’s electric light company?

• It marked the beginning of the decline of the electrical industry.

• It demonstrated Morgan's willingness to embrace new technologies despite risks.

• It established Edison as the sole inventor of electricity.

• It had no impact on the competition between AC and DC systems.

What was the significance of the demonstration of electric lighting in J.P. Morgan’s home?

• It showcased the dangers of electricity.

• It marked the first use of electricity in a private residence.

• It proved that gas lighting was superior to electric lighting.

• It was a failure that discouraged further investment in electricity.

How did the partnership between J.P. Morgan and Thomas Edison aim to influence the electrical industry?

• They sought to eliminate competition by acquiring all electrical companies.

• They aimed to create a monopoly on the production of light bulbs.

• They intended to establish a new standard for electricity distribution across the nation.

• They focused on developing safer methods of oil production.