All language subtitles for The.Men.Who.Built.America.5of8.A.New.Rival.Emerges.BDRip.720p.x264.AAC.MVGroup.org

- NARRATOR: Previously,
on "The Men Who Built America:"

The country has bounced back
from a long civil war,

and is now
stronger than ever.

Cornelius Vanderbilt
used brute force

and intimidation to build
a railroad empire

that unites the country.

John D. Rockefeller rose
from humble beginnings,

and with complete
confidence and ruthlessness,

created a total monopoly
of the oil industry.

Then, a new product transformed
the American landscape.

- CARNEGIE: I am convinced
that steel is the future.

- NARRATOR: And thanks to
Andrew Carnegie's steel,

America's cities
now reach the sky.

- Nothing's impossible.

- NARRATOR: But after his
name is linked

to one of the worst disasters
in American history,

Carnegie's empire
begins to fray.

His chairman, Henry Frick,
pushes his workers

to the breaking point...

- (explosion)

- (man screaming)

- NARRATOR: ...causing
them to fight back...

- MAN: All of those
in favor of striking,

raise your hands.

- (crowd cheering)

- NARRATOR: ...barricading
Carnegie Steel's flagship plant,

and when Frick decides
to take it back by force...

- Fire!

- NARRATOR: ... an attempt
is made on his life.

- Mr. Frick!

- (gunshot)

- NARRATOR: Andrew
Carnegie is forced

to rethink everything.

- (Blues Saraceno playing
"Save My Soul")

♪ When I got to Memphis ♪

♪ To put my ol'
baby down ♪

♪ He said, "I can't
take you to Heaven" ♪

♪ "I can't save
your soul" ♪

♪ "I can't promise
forever" ♪

♪ Whoa, yeah, got my
heart in your hands ♪

♪ I can't feel ♪

♪ Feel my soul ♪

- NARRATOR: With
his chairman shot,

and his workers rebelling,
Andrew Carnegie's back

is against the wall.

His company--
and his reputation--

are under threat.

And the empire he spent
a lifetime building

is on the verge of collapse.

Hoping to salvage
his legacy,

Carnegie cuts short
his trip abroad,

and returns to Pittsburgh.

- (ship horn blows)

- (bell tolls)

- NARRATOR: Henry Frick
survives the attempt on his life.

- FRICK: Ahh!

- NARRATOR: Only three days
after being shot and stabbed,

he's back in his
office at Carnegie Steel.

- (grunting)

- NARRATOR: Frick's
brush with death only

strengthens his resolve.

But for his boss,
Andrew Carnegie,

it's a reminder that his
chairman is a liability.

- DAVID NASAW: There came
a time when Frick

thought to himself,
"I'm running this business.

I'm the one in Pittsburgh.

I'm the one working
the twelve-hour days.

I'm the one taking the
bullet in the head.

I deserve to
be number one."

- NARRATOR: Carnegie's
relationship with Frick

deteriorates,

and he realizes he needs
to make a change.

- DAVID NASAW:
Carnegie isn't happy.

He whispers to newspaper
reporters in Pittsburgh

that if he had
have been around,

it would've
been different.

That there wouldn't have
been this bloodshed.

That he had more
respect for the workers.

And he undercuts Frick.

- NARRATOR: But Frick
refuses to accept

any responsibility.

Outraged that Carnegie
has hung him out to dry,

he even goes behind his
back and attempts

to orchestrate a
hostile takeover.

Carnegie Steel is eroding
from the inside out.

But the biggest challenge
to Carnegie's empire

isn't coming from within.

A new threat is emerging.

J.P. Morgan is a banker,

who's made a fortune
consolidating broken industries,

buying out
failing companies,

and returning them
to profitability.

Companies like
Carnegie Steel.

- DONALD TRUMP:
You look at J.P. Morgan,

the way he
controlled the banks.

Basically he's one man who
just literally dominated

the banking industry,
and, essentially,

dominated financing
in the country.

- NARRATOR: Morgan most
recently consolidated

parts of the broken
railroad industry,

making them profitable

by eliminating
unnecessary competition.

- We need an answer.
- We'll win this war.

- (rapping on table)
- You wanna come to war?

- I've heard enough.

This is what's
going to happen.

There's going to be
an end to this war.

The Morgan Bank will buy
the West Shore

and lease it to the Central.

They'll also buy the
central stake in the South

Pennsylvania in exchange
for a share in other railroads.

- MAURY KLEIN: He excelled
at taking warring parties,

who were destroying
an industry,

and bringing peace on terms
that were suitable to them,

profitable to him,

and which gave him
leverage in the business itself.

Anyone who knew anything
about him realized that,

like him or not,
he got things done.

- NARRATOR: Due to
Frick's callousness,

Andrew Carnegie fears he might
become Morgan's next target.

He makes a bold move.

One that's become
all but inevitable.

- (knocking)

- Andy?

- CARNEGIE: Henry.
How are you?

- Fine.
- CARNEGIE: Good.

The board of managers
met yesterday.

- I was unaware.

- CARNEGIE: The board has
decided that it's best

if Carnegie Steel invoked
the provision

of their agreement with you.

You will have to surrender
your interest in the company.

You will, of course,
receive full compensation

at book value.

- Carnegie!

- (pounding)

- FRICK: Carnegie!

- (toilet flushing)

- NARRATOR: As Carnegie
struggles to repair

his broken empire,

J.P. Morgan continues
to target failing companies,

working alongside
his legendary father.

Junius Morgan is the founder

of one of the world's first
modern investment banks,

a financial empire that
will come to be known

as the House of Morgan.

- H.W. BRANDS:
J.P. Morgan was born

into the banking business.

His father was one of
the first generation

of trans-Atlantic bankers,
and as a result

he identified finance
as the industry

that was going to command
all other industries.

- NARRATOR: From the
time he could count,

J.P. is taught there is only
one way to do business:

the Morgan way.

Investing other people's
money

to make a fortune
for yourself.

- I will return tonight.

See that these accounts
balance by then.

- JENNIFER TONKOVICH:
Morgan's father

had a controlling presence.

Junius really didn't sort
of take his eye off Morgan

for so many years.

It was very difficult
for him to bear.

- Go ahead. Open it.

Now pick it up.
Feel the weight.

You know what that is?

That's what it feels like
to hold a million dollars.

Now,

learn to earn it yourself.

- NARRATOR: J.P.
Morgan's strained relationship

with his father continues.

And by age forty, he's
looking to create

an identity of his own.

- Is all this furniture
really necessary?

- That painting's four
hundred years old.

- Yes, sir.

- I don't see why
you feel the need

to pillage Europe
of its art.

- I bought a few
paintings, Father,

not a whole gallery.

- The bank of England have
asked me to handle

their next bond issue,
so I'm assuming

you're accompanying me
back to London?

- I have plenty of
work to do here.

- Just remember where our
loyalties lie, Pierpont.

- I'll try not to forget.

- Let me know
how you get on.

I'll leave you in peace
to arrange your paintings.

- H.W. BRANDS: J.P.

Morgan understood
the game,

and at some point
he realized that,

as successful as
his father had been,

he could become even
more successful.

- NARRATOR: Morgan's
father always taught him

to avoid taking
big risks,

but J.P.Morgan is tired of doing
things his father's way.

He doesn't want to
simply buy businesses,

he wants to build them
from the ground up.

He's watched as John
Rockefeller and Andrew Carnegie

have built empires
from nothing,

and he wants to be next.

But to do that, Morgan
needs to find

an innovation to
call his own.

He sets his sights on one of the
world's most famous inventors.

Thomas Edison has been
a renowned innovator

since the age of nineteen.

He first made his name by
perfecting the telegraph

before going on to
invent the stock ticker,

and the phonograph.

In his lifetime,
Edison will secure

over one thousand patents.

But now, at thirty-one,
Edison is on the verge

of his greatest
innovation yet.

- RICHARD PARSONS: Edison
had that unique ability

to sort of look
at this thing,

then figure out how
to use it in a way

that no one had thought
of to use it before.

- So this is where
genius resides.

- "Genius is
eternal patience."

- Michelangelo.

- NARRATOR: One invention
catches Morgan's eye:

the light bulb, and the
electricity that powers it.

- A stream of invisible
energy that heat

tiny filaments in the
bulbs that like magic,

make them glow.

- NARRATOR: Electric light
will revolutionize the world.

Like fire, or the wheel, it will
transform human existence.

J.P. Morgan sees the potential
in the revolutionary new

technology immediately,

and knows it's his chance

to create his own legacy.

One that will change
the world forever.

As the turn of the
twentieth century

approaches, America is
the most rapidly growing

country on earth.

Rail,

oil,

and steel

have driven the expansion.

But a new technology
is emerging

that may be
even more powerful.

Electricity has
the potential

to completely change the world,

and J.P.Morgan sees it as
something he can own.

- RUSSELL SIMMONS: Most
people are too busy

looking on the outside to
really check

what their barometers
say inside,

so as an entrepreneur,

if you look inside,
you'll find things

that they all need that could
become immensely popular,

if someone had the
courage to promote.

Or to build it.

- NARRATOR:
For years,

J.P.Morgan has lived in
the long shadow

of his legendary father.

He's desperate for a way
to make his own mark,

and electricity
might be it.

Morgan is considering
an investment in Thomas

Edison's company, and
his newly-developed

electric light bulb.

He hires Edison to install
electric lighting in his

home on Fifth
Avenue, in New York.

- Sometimes you've
got to take ownership.

They call it "eating your
own dog food", right?

If you aren't willing
to use your own product,

then how is anybody else going
to trust it and have confidence?

You know, some people
might call that being

a showman, I call it
demonstrating trust

in your product, which any
smart business has to do.

- NARRATOR: The Morgan
home quickly turns

into a laboratory for
Thomas Edison's

famous electric experiments.

Edison installs a small
power plant in a shed

on Morgan's property.

He then runs four thousand
feet of wiring through

the walls and ceilings
of the house,

and installs nearly four
hundred electric light bulbs,

some of the first
to ever be manufactured.

After months of
trial and error,

the home is ready
to be displayed.

- JERRY WEINTRAUB: When
I believe in something,

and I want to sell
it to somebody,

I want to put it
in the best light.

I don't just package it,
I creatively package it.

- NARRATOR: Morgan invites
many--including his father--

to see the marvel
of electric lighting

for the first time,

knowing the demonstration
will put him

at the forefront
of a new industry.

- Ladies and gentlemen,

behold the miracle
of modern science.

The gas lamp is dead.

Long live the
electric light.

- (click)

- (laughing)

- (applause)

- Every light you see is
powered by electricity.

There is no gas,
no oil, no flame.

Just a invisible
stream of energy.

- JILL JONNES:
Electricity was viewed

as something miraculous,
and people were amazed.

First of all, they didn't
understand how it worked,

because you can't
see electricity,

and so it was viewed as
something almost magical

by most people.

- NARRATOR:
J.P. Morgan's home

is the first
private residence in the world

to be lit
with electricity.

- Well Father,
what do you think?

- You disappoint
me, Pierpont.

I thought you knew better.

- This is the future.

- This is the stuff of
carnivals and fairs.

And you've been
played for a fool.

- NARRATOR: Despite his
father's disappointment,

Morgan's event
is a success.

- You're about to
become a very busy man.

Darius Ogden Mills wants
you to electrify his home.

- He'll have to wait.

The Vanderbilt family's
next on my list.

- NARRATOR: Electricity
becomes a must-have

for the country's elite,

with one notable exception,

John D. Rockefeller.

Rockefeller has created
the largest fortune

in America by refining
oil for kerosene lamps.

He realizes electric
light has the potential

to replace kerosene as
America's primary light source.

If the technology
goes mainstream,

Rockefeller will face his
biggest challenge ever.

Following the success of
his home lighting display,

Morgan believes that
electricity could be

the opportunity he's
been waiting for,

his chance to control
a new business from its start,

and become a pioneer
like Carnegie and Rockefeller.

But investing in Edison
goes against everything

J.P. Morgan's father has
ever taught him.

- DONNY DEUTSCH: You have
to be able to take risk.

You can't have greatness
in anything without

putting it on the line.

Otherwise, everybody
would have it.

If there was no
apparent loss,

if there was no chance
of tremendous failure

or tremendous setback, you
can't have the upside.

- To what do I owe the
pleasure, Mr. Morgan?

- There's a noise
in the basement.

It's upsetting my wife.

- It's the generator.

I'll send someone
around to soundproof it.

- (toy train whirs)

- JUNIUS MORGAN: You
disappoint me, Pierpont.

I thought you knew better.

- J.P. MORGAN: This
is the future.

- JUNIUS MORGAN: This is the
stuff of carnivals and fairs.

And you've been
played for a fool.

- How much competition
do you have, Edison?

- Nothing worthy of note.

You know, if you could
help me raise money

to install a central
power station,

there'd be no need to
have a generator

in your basement.

I could power anything
within a half-mile radius.

- What would it take to light
all the homes in New York City?

- I'd need a network
of power stations.

- J.P. MORGAN: What
would the cost be?

- EDISON: I'll have to
go through my figures.

- Bring them to
me Monday morning.

That model train set--
powered by electricity?

- Yes.

- I want one for my
daughter's birthday next week.

- NARRATOR: For Morgan, the
potential reward is too great.

Against his
father's advice,

he invests everything
in electricity,

determined to create
his own legacy,

even if it means going
against everything

he's ever been taught.

America is undergoing
amazing changes.

Steel is building
futuristic cities

of unimaginable height, and
kerosene is lighting homes

across the country.

But, a magical new
innovation is emerging,

and J.P. Morgan is determined
to bring it to the world.

- (laughter and applause)

- NARRATOR: Electricity
has captured

the public's imagination,
but the technology is

still unproven, and
virtually unused.

But partnered with
Thomas Edison, J.P. Morgan

is convinced he can
bring electricity

to the entire country.

- There is no success
without risk taking,

and I think that
is actually what distinguishes

the captains
of industry from others.

- NARRATOR: Morgan gives
Edison what amounts

to eighty-three million
dollars today,

and together they
form a new business,

the Edison Electric
Light Company.

Funding Edison is a
huge risk for Morgan,

and goes against everything his
father taught him.

For years, Morgan was
instructed to avoid

investing in new and
unproven industries.

But where his father
sees risk,

J.P. Morgan sees
opportunity.

- STEVE CASE:
I think what's great

about the truly transformative
inventions

and the entrepreneurial ideas
that really end up having

a significant impact is they
start relatively small

and most people don't quite
understand

even what you're talking about,
and they take some time

before they get traction, but
eventually they break

through and the impact's
far broader than anybody,

you know, could
have imagined.

- NARRATOR: Morgan and
Edison get right to work,

transforming a building in
Lower Manhattan

into the world's first central
power station,

a high-tech wonder filled
with massive generators

capable of lighting
thousands of homes.

- The idea was that from
this central station

would flow all this
direct current,

but it also meant that
it had to be transmitted.

- MAURY KLEIN: The future
of electricity

wasn't just illumination.

It was power, and power
required transmission

over long distance.

- NARRATOR: Edison's
workers labor day and night,

digging a network of ditches
over fifteen miles long.

They lay over one hundred
thousand feet of thick

copper wire, connecting
Edison's power station

to hundreds of homes and
businesses throughout New York.

Edison's power grid becomes the
model for how electricity

is transmitted in the
United States.

- JILL JONNES: He had
never worked so long

and so hard at any invention
to make it functional

as he did with electricity.

- NARRATOR: With Edison's
power station up and running,

a new era dawns.

The city lights up for
the first time ever.

And soon, Edison's power
grid covers half of Manhattan.

Electric streetlights
line avenues,

and homes throughout New York
are buzzing with electricity.

- JIM CRAMER: Edison had
a big think approach

which said that, "We can build
giant distribution centers

and make it so that
electricity is cheap

enough for the masses."

What a brilliant idea.

- NARRATOR: J.P. Morgan

and Thomas Edison
stand to make a fortune.

But their success
is bad news

for the most powerful
man in the country.

Until now, John
Rockefeller has been

virtually unchallenged
while providing light

to homes from coast to coast.

But as Edison's power grid
expands over a greater

and greater area, he realizes
his kerosene empire is at risk.

Every home Edison wires
with electricity

is a lost customer for
John Rockefeller.

- The great titans
of the late 1800s,

like Rockefeller,
they tended to be very ruthless.

They were interested in
dominating the market,

and moved in every way
they could to get as big

a chunk of the market as
they could in order to

ensure their own profits.

- JIM CRAMER: The
industrialists

of that time are naked
capitalists.

They absolutely
wanted to get rich,

and they wanted to build
something that lasted.

Rockefeller wanted
Standard Oil

to be the greatest oil company
in the world.

- NARRATOR: Rockefeller
launches a targeted

campaign against
electricity.

Painting the new
technology as dangerous,

even deadly, he warns of
mass electrocutions

and out-of-control fires.

Rockefeller knows if he
can frighten the public,

kerosene will continue
to be the dominant light source.

- JERRY WEINTRAUB:
I am not a good enemy.

I'm a terrible enemy.

So, if you screw around
with me, or you hurt me,

I'm gonna hurt you back.

Now that doesn't mean
physically, but I will,

in the end, win.

Because I'm a winner,
and I don't lose.

- NARRATOR: But
John D. Rockefeller

is about to become the least
of Morgan's problems.

A new competitor emerges.

- ANNOUNCER: Ladies and
gentleman, Nikola Tesla!

- (applause)

- NARRATOR: A war over the
future of electricity is coming,

and J.P. Morgan could be
the first casualty.

America's explosive change
transforms

the world's view
of the country.

Where many once
saw failure,

innovation is now leading
the nation into a new age.

Railroads, oil, and steel
have rebuilt the country,

and electricity is
creating unimagined advances.

J.P. Morgan's attempt
to unseat John D. Rockefeller

as the man
lighting America has led him

to partner with Thomas
Edison to form

one of the first electric
companies, and together,

they're electrifying
homes throughout New York.

- The inventions, the
things that literally

almost come
out of nowhere,

require incredible
vision and support

from leadership, because
those are big leaps.

If a leader doesn't take
that invention

and really embrace it and own
it, it won't happen.

- NARRATOR: Morgan has
gone against his father's

advice by backing Edison,
but he's maintained

one of the rules he's learned.

- How much competition
do you have, Edison?

- Nothing worthy of note.

- NARRATOR: Edison
is ignoring what's

potentially the biggest
challenge to his design

for electricity, and it
comes from inside his own lab.

His apprentice,
Nikola Tesla.

- JILL JONNES:
Nikola Tesla,

from a very young age, was
obsessed with electricity.

And when he first
meets Thomas Edison,

initially he
worships him...

- Mr. Edison, sir.

- What is it?

- I was wondering if you
had chance to look

at my AC motor design.

- Nobody's interested
in your design, Tesla.

Alternating current
is not safe,

which is why we
use direct current.

- NARRATOR: Tesla has
developed a new form

of electricity known as
"alternating current", or "AC".

But Edison believes that
higher voltage AC

is more dangerous than the
direct current electric standard

he's pioneered.

- JILL JONNES: I think
Edison probably saw Tesla

as a junior employee.

I mean, remember.

Edison is world-famous,
and Tesla's just one

of many very bright young
men who work for him,

and the fact that he's
pushing AC is no big deal

to Edison, because Edison
sees himself as the person

who's really solved this problem
and made it commercial.

- What's this?

- My resignation.

- You won't find anybody
else to employ you.

- I'll set up
my own company.

- Good luck finding
an investor.

- NARRATOR: Now free to
pursue his own ideas,

Tesla begins looking
for an investor

to back his AC technology.

He finds one in
inventor-turned-businessman

George Westinghouse.

- TESLA: The magnetic
field, when it moves,

it carries the
motor around.

Motor powers itself.

- How far do you
think you can take AC?

I mean, what is
its potential?

- TESLA: Build
one power plant,

can supply enough
electricity to eastern

part of United States.

- That's amazing.

- NARRATOR: Morgan and
Edison may have lit up New York,

but Westinghouse and
Tesla believe alternating

current's greater power
is more effective...

- Thank you.

- NARRATOR: ...and they
set out to prove it.

- Good luck, Nikola.

- Thank you,
Mr. Westinghouse.

- ANNOUNCER: Ladies
and gentlemen,

please welcome the new
wizard of electricity,

Nikola Tesla!

- (applause)

- My first demonstration
is for those amongst you

who fear that AC and high
voltage will make

the world unsafe.

- (electricity humming)

- (applause)

- NARRATOR: Tesla
travels the country,

showing AC pulsing
through him.

The successful
demonstrations have orders

for Westinghouse power
stations pouring in.

- People who understood
the science of electricity

realized that Tesla
was a new giant,

and a significant rival.

- (applause)

- NARRATOR: J.P. Morgan

suddenly finds himself in an
unfamiliar position.

- I thought you didn't
have any competition.

- None that are
worthy of note.

- I have just seen the
drawings and descriptions

of an electrical machine
lately patented by

Mr. Tesla, which will
revolutionize the world's

electrical business.

- AC has a very high
voltage, and is lethal.

A young boy touched a
straggling wire

and was killed instantly.

You, sir. You have DC running
through your home.

None of your
family are at risk.

- J.P. MORGAN: Edison, I see
that the electrical industry

has two competing systems
right now: AC and DC.

This world has room
for only one of 'em.

- NARRATOR: J.P. Morgan

is staking
everything on Thomas Edison.

But as the battle to
electrify the nation heats up,

the pressure Morgan
puts on Edison sends him

down a dark path.

America's advancement in
the last three decades

is staggering.

Railroads have replaced wagon
trails to unite the nation,

and the country's
cities stand tall on steel.

First kerosene transformed
the night,

and now,

electricity is about to
light homes from coast to coast.

Only John D. Rockefeller
isn't about to let

J.P.Morgan and Thomas Edison
put him out of business.

He's determined to keep
kerosene the leader

in the light game.

He begins a campaign to
stop electricity before

it gains traction, though he
may underestimate the draw

of this magical new power.

- (applause)

- J.P. Morgan

has more to worry
about than Rockefeller.

Morgan's father always
told him to avoid

competition at all costs.

And now he and Thomas
Edison are locked in

a heated battle over what
will become the dominant

form of electricity.

Nikola Tesla has developed
a whole new way

to transmit electricity, and
his technology threatens

to destroy everything
Morgan and Edison have built.

- J.P. MORGAN:
The electrical industry

has two competing systems
right now: AC and DC.

This world has room
for only one of 'em.

- NARRATOR: If
Morgan loses,

he risks ruining his
reputation, and his name.

Morgan ratchets up the
pressure on Edison,

telling him to take out the
competition in any way he can.

- ALAN GREENSPAN:
J.P.Morgan was, really,

an extraordinary character.

He was steely-eyed,
determined, very smart,

and somebody who had that
characteristic

"I'll take charge".

And he did.

- NARRATOR: Feeling the
pressure from Morgan,

Edison sets out on a
mission to prove his

direct current is
the safest form of electricity.

- The War of the Electric
Currents is the dark side

of Thomas Edison.

The tactic that Edison
took was to persuade

people that alternating
current was the killer current.

It is a side of Edison
we don't normally see.

- NARRATOR:
He begins using Tesla's

alternating current in a series
of demonstrations,

hoping to scare the
public about AC's power.

- Edison used all sorts
of dirty tricks

to try to discredit AC.

He killed animals
before an audience.

- NARRATOR: But nothing
seems to be slowing

the enthusiasm for Tesla's
stronger current.

Growing ever more
desperate to please Morgan,

Edison is relieved
when a letter arrives

that could be his opportunity.

A New York state prison
has been looking

to replace hanging as a
means of execution.

Many have come to believe
that the medieval method

is cruel and inhumane.

Electricity could provide
a useful alternative.

The design Edison
envisions is simple,

yet groundbreaking.