All language subtitles for The.Men.Who.Built.America.6of8.Owning.It.All.BDRip.720p.x264.AAC.MVGroup.org

- NARRATOR: 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.

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.

- (Blues Saraceno playing
"Save My Soul")

♪ When I got to Memphis ♪

♪ I put my old
baby down ♪

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

♪ I can't save
your soul ♪

♪ I can't promise
forever ♪

♪ Whoo ♪

♪ With my heart
in your hands ♪

♪ I can't feel,
fell my soul ♪

- JILL JONNES: Edison
became very happy to help

develop an electric chair,
as long as that electric

chair used Westinghouse
alternating current generators.

- NARRATOR: Edison devotes
his lab's attention to the

development of the world's
first electric chair.

It's the perfect
opportunity to prove

that Tesla's AC is dangerous...

...even deadly.

The prison invites the
press to witness

the most sensational
demonstration imaginable.

The world's first
human execution...

...by electricity.

- Is it ready?

- Yes.

- Goodbye, William.

- He's dead.

- PRISON OFFICIAL:
He's bleeding.

- He's breathing.

- I'm gonna be sick.

- JILL JONNES: They
then essentially

roasted this man alive.

It was a botched
execution.

- NARRATOR: The gruesome
act backfires on Edison.

The public doesn't
connect A.C. to Tesla.

All they remember
is that electricity

was used to kill a man.

And that Edison
was behind it.

The damage to his
reputation is massive.

And J.P. Morgan endures
an even worse fate.

- Now I have to read
in the newspaper

my son is funding Edison.

A latter-day Frankenstein.

- He didn't
pull the switch.

- Let me make a few
points clear to you.

I do not want the
House of Morgan

associated with electricity.

Or any of the
devil's works.

I have spent my life
making a name

and I am not about to
let you destroy it.

- I have a chance
to build here--

- Pierpont!

It's over.

I set sail for
Monaco tomorrow.

While I'm away, see
to it you sell

whatever stakes you have
in these Edison companies.

- NARRATOR: Morgan set
out to become

a legendary innovator
in his own right.

But now his dream has
come crashing down.

Edison has played directly
into John Rockefeller's hands.

Demonstrating electricity
to be dangerous and deadly.

Morgan knows that pulling
his funds from Edison

would completely destroy
the electric industry.

And leave Rockefeller at
the top of the light game.

But despite his
father's objections...

...Morgan is still convinced
that electricity is the future.

And soon, news of a new
project reignites his ambitions.

A project that will remove the
stain of Edison's experiments...

...and restore the public's
trust in the electric industry.

Electricity is about
to go national.

A company at Niagara
Falls has begun work

on one of the most ambitious
construction projects

ever undertaken.

The world's largest power
plant is being built.

And 1 ,300 men are digging
a massive tunnel

2.5 miles into bedrock.

Once complete, the raw
power of the falls

will generate a mind boggling
120,000 horse power.

More than all the
electricity being produced

throughout the country...

...combined.

- MAURY KLEIN: Niagara is
a watershed in the history

of the electric industry.

It shows that it is
not only feasible

but practical to transmit
electricity over distance.

- NARRATOR: The Niagara
power station will be capable

of generating
enough electricity to light

the entire Northeast.

- JILL JONNES: To take
such a incredibly famous place

that's got this
extraordinary water power

and harness it to
electricity was going to make

the case to the world
that this was something

you could do everywhere.

- NARRATOR: But the
Niagara Power Company

hasn't yet decided
who will power the generators...

...Morgan and
Edison's D.C. Or Tesla's A.C.

The world's biggest power
station would be

a huge game changer.

J.P. Morgan knows it's
his opportunity

to create the empire
he's always wanted.

But he also knows that
getting the contract

to power Niagara would require
a massive investment.

One his father
would never allow.

Morgan agonizes over
his next move...

...until tragedy strikes.

- Sir.

- NARRATOR: His
father has been

in a horrible
carriage crash.

Junius Morgan dies as a
result of his injuries.

J.P. is now left in charge
of the House of Morgan.

The empire includes a vast
portfolio of businesses

invested in railroads,
real estate, shipping,

manufacturing...

...and electricity.

With his father gone,
nothing is holding Morgan back.

- JENNIFER TONKOVICH:
When Junius died it

was truly a devastating
moment for Morgan.

But also it ended up
being a bit of a relief,

because after his father's death
he really came into his own.

The freedom really helped
him realize

the full potential
in some ways.

- NARRATOR: Morgan's
net worth more than quadruples.

And instantly he has
hundreds of millions of dollars.

Money he plans on using

to win the Niagara contract.

- The best time to buy is when
there's blood on the streets.

- I'm not sure
I follow you.

- It's advice Lloyd
Rothschild gave my father.

It's advice he never took.

I'm increasing my
investment to $4 million.

I'll give you an extra
million dollars in cash

to pursue other projects.

- That shouldn't
be a problem.

- Good. The Niagara Falls Power
Company is inviting bids

for the new Niagara Falls
central power station.

They haven't yet decided
if they want to go

with A.C or D.C.

I want you to prepare
a bid, Edison.

This is now a race.

You better win.

- RICHARD PARSONS: Timing
is everything in business.

Everybody wants to
be the first mover.

Everybody wants to be
on the bleeding edge,

or the cutting edge.

You have to be on the
pulse of the moment.

Timing in business is
just like timing in life.

It is perhaps as important
as any other single factor.

- NARRATOR: Construction
of the Niagara Power Station

is continuing
at a blistering pace.

(explosions)

Workmen are almost
finished

with a 2.5-mile-long tunnel.

And it won't be long until
water shoots through it...

...powering turbines
the size of houses.

Those turbines will
generate enough

electricity to light up
the entire northeast.

Morgan knows that
to win the contract,

he'll need to eliminate
the competition.

Tesla and Westinghouse
are making headway

with alternating current.

But after their company's
rapid expansion,

Westinghouse is
drowning in debt.

And his business is
struggling to stay afloat.

J.P. Morgan sees an opportunity
to take advantage

of his vulnerability.

- (crowd yelling)

- JILL JONNES: J.P. Morgan

was a huge power on
the stock market

when it was not
at all regulated.

In the case of
George Westinghouse,

his company on a
number of occasions,

was assaulted on the stock
market by Morgan entities.

- NARRATOR: Morgan
capitalizes on a downturn

in the economy.

...launching a smear
campaign designed

to trigger a sell-off of
Westinghouse stock.

- JOURNALISTS: Mr. Morgan!

Mr. Morgan!

- What is to be done
about the panic?

- There's no
need to panic.

- Mr. Morgan, are we on the
verge of a depression?

- Not if we act wisely.

- Now how many more companies
will go bust, Mr. Morgan?

- The only companies at risk

are those fast expanding
capital intensive,

debt-ridden ventures.

Thank you, gentlemen.

- Mr. Morgan!
Mr. Morgan!

- NARRATOR: Morgan's
remarks are subtle.

But his influence on
Wall Street is so great,

their effect
is devastating.

Over the next few weeks,
investors sell off

Westinghouse's stock,
sending the company

into a tailspin.

Within days, it's
almost bankrupt.

- DONNY DEUTSCH: You get
successful at something

and all of a sudden you
make a lot of money

and the world says
you're successful.

There's no margin
for failure anymore.

There's only
degrees of success.

NARRATOR: With
Westinghouse driven into debt,

Morgan is convinced
there's no longer

any competition to win the
contract for Niagara.

Unable to raise
additional funds,

Westinghouse is ready
to admit defeat.

- Tesla, the reason I'm
here is to tell you

my company is on the
verge of bankruptcy.

- You have my
A.C. motor designs,

- It's the opposite.

Nobody will lend me money

because of your royalty
deal on your patents.

- The benefits that will
come to civilization

from my polyphase system

will mean more to me
than money involved.

Mr. Westinghouse, you
will save your company

to develop my invention.

This is my contract, and
I will tear it to pieces,

and you will no longer
have any troubles

from my royalties.

- Thank you, Nikola.

NARRATOR: Tesla gives
Westinghouse control of A.C.

and forgoes all
claim to his patents.

Investments soon pour in.

And Westinghouse
Electric is viable again.

Westinghouse knows
that to beat Morgan,

he needs a bold move.

And soon, he has the
perfect opportunity.

Chicago is about
to host

one of the globe's
landmark events--

the World's Fair.

Organizers want it to be
the most stunning display

of technology ever seen.

They decide to light the entire
event using electricity.

- JILL JONNES: The
managers and the creators

of the Chicago World's
Fair of 1893 want to have

an entirely electric city.

They want to be
cutting edge.

They invite companies
to bid

on this contract to
electrify the fair.

- NARRATOR: Morgan assumes
that he and Edison

are a lock to light the fair.

But Westinghouse
has other plans.

He drastically
underbids the project...

...claiming the can light
the fair for less

than a quarter of what Morgan
and Edison have bid.

The bold move
secures the contract,

and Westinghouse and Tesla
immediately get to work

wiring the fairgrounds.

And finally, on
opening night,

with the eyes of the
world on Chicago,

they flip the switch.

And instantly, over 200,000
light bulbs come to life.

- JILL JONNES: 27 million
people came to this Fair

and saw an
electrified world.

And that had a huge,
huge impact

on spreading
this technology.

People realized there was a
whole electrical future coming.

- NARRATOR: It's a display

unlike any the world
has ever seen.

And it's all powered using
George Westinghouse

and Nikola Tesla's
alternating current electricity.

The fair forever
demonstrates the safety

and viability of A.C.

Westinghouse and Tesla's
incredible display

has another consequence.

A decision is made on who
will power

the Niagara Falls station.

Two letters go out...

...but only one man
can win the contract.

America is now the most
technologically advanced

nation on the planet.

Trains, oil, and steel
have built the country,

and the newest sensation,
is electric light.

Showcased at the
Chicago World's Fair,

electricity is about
to go national.

But a battle
has broken out.

Pitting J.P. Morgan

and Thomas Edison
against George Westinghouse

and
Nikola Tesla.

In a fight for control of the
world's largest power plant...

...at Niagara Falls.

- STEVE CASE: If you're
really trying

to not just to create a company,
but to create a new industry

and change the world
in a fundamental way,

you really need to believe
in the idea and stick

with it through
thick and thin

because it's going
to be a tough road.

- NARRATOR: J.P. Morgan
has invested

millions into
the electric industry...

...hoping to
replace John D. Rockefeller

as the man
lighting America...

...and the Niagara Power
Plant could give him

control over the
future of electricity.

- JILL JONNES: Whoever
wins this contract

is going to be the preeminent
electrical company--

not just in America,
but the world.

- NARRATOR: The plant at Niagara
Falls reaches a decision.

And two letters go out.

But there can only
be one winner.

In a shocking twist...

...George Westinghouse
wins the contract

for the power station.

- JACK WELCH: You
always want to be

in the winning locker
room.

You don't want to be in
the loser's locker room,

with a towel around your head.

- NARRATOR: J.P. Morgan
has been badly defeated.

His dream of building
an industry

from the ground up is over.

His attempt to make
his own name...

...ruined.

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

And you've been
played for a fool.

- NARRATOR: He realizes
his father

may have been right all along.

But never willing
to admit defeat...

...J.P. Morgan sees a way to
turn failure into opportunity.

- DONALD TRUMP: J.P. Morgan

made a mistake backing
Thomas Edison.

I mean, they all
make mistakes.

And I always say that you
have to guard

against the downside.

Because it can be the
greatest deal you've ever seen,

and there is a chance that
that deal won't work out.

Don't let a deal like
that take you down

if it doesn't work.

- NARRATOR: Morgan is
determined to gain control

of the electric industry.

And he's going to do
it the Morgan way.

- JILL JONNES: If you
were on his bad side,

or he coveted
your company,

or the technology
that your company had,

you did not want to
be in that position.

- NARRATOR: Morgan returns
to the lessons of his father.

He's going to intimidate
the competition into submission.

He starts his attack by
going after Westinghouse,

and everything he owns...

...including Tesla's
A.C. electricity patents.

- MORGAN: Congratulations,
Westinghouse.

I hear you won the
Niagara Falls contract.

I'll be taking you
to court for patent

infringement over A.C. designs.

- Why would you start a
legal case

that will cost millions--
a case that you will lose?

- Because you don't have
the resources

to fight such a case--
and you'll go under.

- What is it you want?

- You know the
answer to that.

- (applause)

- My first demonstration

is for those amongst
you who fear...

- NARRATOR: Westinghouse
has no choice but to give in

to Morgan's demands.

Knowing that the cost of
a lawsuit will put him

out of business, he's forced
to sign over the patents

for Tesla's A.C. electricity.

But Morgan doesn't
stop with Westinghouse.

With the loss of the
Niagara contract,

the company Morgan started
with Thomas Edison is broken.

And Edison's D.C. electricity
looks like a failure.

- MAURY KLEIN: Thomas
Edison is probably

the most brilliant inventor
America every had.

And like many brilliant
men he was capable

of spectacularly
wrong choices.

- NARRATOR: As far as
Morgan's concerned,

there's only one way
to fix Edison Electric.

He's going to streamline
the company.

And his first step is to
eliminate Thomas Edison.

Morgan buys up additional shares
of Edison Electric stock...

...until he has complete
control of the company.

- It's a device that
shows moving pictures.

We'll put the Niagara
business behind us,

and Edison General
Electric will move forward

to greater things.

- The name of the company
has been changed--

to General Electric.

- But it's my company.

Surely I have a say.

- Not anymore--you no
longer have a majority stake.

NARRATOR: Morgan's new
electric company--

general electric--is instantly
one of the most powerful

corporations on earth...

...valued at $50 million,
or the modern equivalent

of over one billion.

With Edison
out of the way,

Morgan converts
the company to A.C. electricity.

The standard that's
still used today.

- STEVE CASE: With
General Electric,

you could tell they were
building a big company

and something that was really
going to change the world.

They were really
trying to position

it in the marketplace
as a significant,

lasting company.

NARRATOR: General Electric
will go on to become

one of America's biggest
corporations.

- DONNY DEUTSCH: The players
change, the stakes change,

but the essence of the game
stays the same.

Whether it's understanding
who it is that you have

to kind of massage, who it
is you gotta knock on the head,

who it is you have
to buy off to do this.

That's the game.

- NARRATOR: With
the creation of G.E.

J.P. Morgan has consolidated
the electric industry.

Just like he did
with the railroads.

And Wall Street.

It's a move he learned
from his father.

A move J.P. Morgan
has now made his own.

- STEVE WYNN: There's
always a reason

why you can't do something,
but if deep inside you

it's what you want very badly,
you take chances,

you measure opportunity
and get where you want to go.

- NARRATOR: J.P. Morgan
joins Rockefeller and Carnegie

as one of the most powerful men
in the country.

But Morgan's rapid
rise to the top

makes him hungrier than ever.

And as his power grows...

...his rivals are
forced to adjust.

America is the fastest
growing country on the planet.

Linked by railroads,
fueled by oil,

and built on steel.

The nation has become a
battleground

for magical new innovation.

Electricity is
transforming the world.

And with General Electric,

J.P. Morgan is the uncontested
leader in the industry...

...using his millions to
build power stations

from coast to coast.

Bringing electricity to
the masses for the first time.

- STEVE CASE:
Entrepreneurs want to

change the world, want to
have a significant impact,

don't want to just
build a company.

They want to
build an industry.

They don't want to just create
another product or service,

they really want
to fundamentally improve

aspects of people's lives.

- NARRATOR: But J.P. Morgan

doesn't want to be confined
to just one industry.

He wants to own them all.

As the head of the biggest
investment bank in the world,

Morgan has unrivaled power
and influence,

and he's
returned to his old ways.

Only now he's taken the House
of Morgan to another level.

- MAURY KLEIN: Morgan's
reach was very broad

in American industry.

He becomes the
most respected,

reliable and
trusted figure,

not only because of the
power and wealth that he wields,

but just because
of his character.

- NARRATOR: After a two
year depression,

the U.S. Treasury has become
perilously close to bankruptcy.

And there is only one man
the government can turn to.

J.P. Morgan is called
to Washington to help.

- JIM CRAMER: We think
of bankers now

as just greedy
bankster-gangsters.

Morgan was maybe one of
the greediest of all,

but he also really had
this side of him

which just said I have
faith in men,

I have faith in the country,
and I am going to lend it.

- NARRATOR: Morgan puts
together a loan

worth over $100 million,
almost $3 billion today,

and bails out the
federal government.

Saving the American
economy from complete collapse.

- DONALD TRUMP: J.P. Morgan

was really
the country's banker.

Today when you think of
that, it's inconceivable.

But he would loan
the country money,

when the country
was in trouble.

- ALAN GREENSPAN: Morgan
obviously was looking

at the national interest in
the context of his own,

that is, saving
the U.S. Treasury

was an act of
basic self interest,

but it was an act
of nationalism.

- NARRATOR: Morgan's
newfound power is a huge

wakeup call to his rivals.

They see Morgan as a
threat they need to deal with.

Before he deals with them.

John Rockefeller feels
the pressure

to keep his empire intact
like never before.

Despite his best efforts
to stop it in its tracks...

...electricity has
gone mainstream.

- STEVE WOZNIAK: The people
started these great companies,

they just think out solutions
on their own to problems.

You don't do it the
way it's been done before--

that's in a book.

You go out and you try
something new cause you think

it'll, that you'll be
able to make it work...

- NARRATOR: To keep
Standard Oil profitable,

Rockefeller needs to find a
product to replace kerosene.

And the answer
may have been

in front of him
the entire time.

- Just over 100 degrees
you get a mixture of alkanes.

Sadly it can't be
used for anything.

- ROCKEFELLER: Why not?

- ANDREWS: Too volatile.

- NARRATOR: Rockefeller targets
a byproduct of refining oil

that for years has been
thrown away.

The highly flammable
runoff is soaking fields

and polluting rivers.

The toxic substance
is called gasoline...

...and so far, no one has
figured out a use for it.

- DONALD TRUMP: Oftentimes
I'm asked

do you have to be ruthless
to be very successful?

And I say, you do not
have to be ruthless,

you have to be smart.

Smart is the key word.

You have to be smart.

- NARRATOR: Rockefeller
hires a team of scientists

to try to find a use
for the toxic substance.

First they create
small products...

...like synthetic beeswax
and petroleum jelly.

But Rockefeller becomes
convinced gasoline

has a bigger potential.

The quest to create a
more powerful motor

leads to the development of the
internal combustion engine.

The exact properties
that make gasoline so dangerous,

also make it the perfect fuel
to power this engine.

- JACK WELCH: You're
always looking

for the next innovation.

The next niche.

The next product
improvement.

The next service
improvement.

You're always trying
to get better.

- NARRATOR: The timing is
perfect for Rockefeller.

Already in possession of
the world's largest supply

of gasoline, he starts
using gasoline powered

engines to run machines
in his refineries.

The efficiency and power
of the engine quickly make

it the standard in
factories across the country.

But when the engine
is put on wheels...

...creating what's being called
"the horseless carriage"...

..Rockefeller realizes
that gasoline could be

even bigger than kerosene.

But right when
Rockefeller sees

the future of the
oil industry...

- WILLIAM JENNINGS BRYAN:
No man could earn a

million dollars honestly.

- NARRATOR: An outside
threat emerges.

- WILLIAM JENNINGS BRYAN:
I will tear down these trusts!

- NARRATOR: ...who could
destroy everything he--

and his rivals--have built.

- WILLIAM JENNINGS BRYAN:
Do you hear me Carnegie?

Do you hear me
Rockefeller?

- NARRATOR: As the 20th
century approaches.

J.P. Morgan and John
Rockefeller have been locked

in a battle pitting
electricity against kerosene.

Their rival,
Andrew Carnegie,

has stayed out
of the fray.

He's been quietly building his
steel empire bigger than ever.

Including landing
lucrative contracts

with the U.S. Navy to provide
steel for warships.

Making him one of the country's
first defense contractors.

- DONNY DEUTSCH: The great
business icons--it's not

that they were worth
hundreds of millions,

or billions, or
trillions of dollars,

it's that they moved
society forward.

Whatever their
motivations,

whatever it was,
they--being here

and their lust for success,
for power, for money,

for fame--moved
us forward.

- NARRATOR: But now,
J.P. Morgan

is about to take
business to a whole new level.

He begins looking for
other ways to make money.

Building on his
father's business model.

He creates a tactic
that's so innovative,

it becomes known
as "Morganization."

- "Morganization," in effect,

means taking companies
that were fighting each other,

bringing them together,

and managing the company
in such a way that

competition is reduced,
profits are increased.

In other words, trying
to impose order on these

fiercely competitive
industries.

- NARRATOR: Morgan starts
restructuring companies

in industries across
the country.

Firing workers
and eliminating inefficiencies.

While prioritizing profits
over everything else.

And soon, Morgan's rivals
adopt the same approach.

- STEVE WYNN: The private
sector--greed, ambition,

dreamers, the stuff
of entrepreneurs;

look at it too closely,
you may not admire it

as much as you do
after the fact.

- NARRATOR: Carnegie
and Rockefeller

begin Morganizing
their own companies.

Maximizing profits by
slashing their workforce.

Those who still
have a job...

...are forced to
work longer hours.

For even less pay.

- JIM CRAMER: What we saw
during this golden age

of capitalism was the
unregulated side

of capitalism that make
us feel, these days,

glad for federal
government,

because no one else was
keeping an eye on things.

- NARRATOR: Conditions for
workers across the country

become almost
unbearable...

...as going to work
for many Americans,

becomes a dangerous
proposition.

- STEVEN WATTS: You
had a working class

or even the unemployed who
had a very hard time of it.

They had low paying jobs,
if any at all in this

period, a little bit
above starvation wages,

many of them.

So, there's a growing
disparity of wealth

in this period that
was very striking.

- DONNY DEUTSCH:
What people defined

as haves and have-nots, super
rich, hedge fund guys,

and people just trying
to pay their mortgage.

It's still nowhere near
what was going on

in the old days as far
as, you know,

truly abusive
conditions for workers.

- NARRATOR: The gap
between the rich and the

poor continues to grow...

...at a staggering rate.

While the working
class struggles...

...profits for
Carnegie, Morgan,

and Rockefeller are
better than ever.

To millions of workers
around the country,

the titans of industry
are a symbol of everything

wrong with America.

A seething undercurrent
of anger takes hold.

One that quickly
bubbles to the surface.

With an election
year on the horizon,

a politician from Nebraska
is channeling

the public's frustrations.

WILLIAM JENNINGS BRYAN:
I will tear down those trusts.

- NARRATOR: And directing
them right

at America's richest men.

- WILLIAM JENNINGS BRYAN:
Do you hear me Carnegie?

Do you hear me
Rockefeller?

- NARRATOR: William
Jennings Bryan is an up

and coming political force
who's drawing huge crowds...

...vowing to put an end to
the country's monopolies.

But Bryan's promise of
change is bad news

for the leaders of
American business.

- H.W. BRANDS: To many people
it seemed as though big money,

big corporations,
the biggest of all

Standard Oil, were
taking over the country.

From this emerged the
progressive movement.

And a major part of its platform
was antitrust legislation.

Not just legislation, but
antitrust prosecution.

- NARRATOR:
Rockefeller, Carnegie,

and Morgan have built entire
industries from the ground up.

They're not about to let
a charismatic politician

destroy their empires.

But public opinion is
solidifying against them.

And as Bryan begins a
campaign for the White House...

...the Titans know that
stopping him won't be easy.

They devise a
plan so bold,

no one has ever
attempted it before.

There's only
one problem...

...to be successful,
they can't work alone.

For the first time,
America's most powerful

men will have to put
their rivalries aside...

...and start
working together.

- CARNEGIE: What
do you think?

- We need to buy
the President.