Win the Day Habit 5

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Questions and Answers

What innovative safety device did Elisha Otis invent?

  • The automatic door opener
  • The fire alarm system
  • The hydraulic lift
  • The safety elevator brake (correct)

What was the reaction of the crowd when Otis had the rope cut?

  • They gasped in surprise. (correct)
  • They were indifferent.
  • They started to leave.
  • They cheered loudly.

How did Elisha Otis's demonstration impact the development of skyscrapers?

  • It increased the construction of taller buildings. (correct)
  • It decreased the need for elevators.
  • It made high-rise rooms less desirable.
  • It led to the elimination of safety standards.

Before Otis's invention, what was a significant barrier to building taller buildings?

<p>Difficulty of climbing stairs (D)</p> Signup and view all the answers

What does the phrase 'cutting the rope' symbolize in the context of this content?

<p>Risking everything for success (D)</p> Signup and view all the answers

By how many buildings had the number of skyscrapers in New York City increased by 1908?

<p>To 538 buildings (A)</p> Signup and view all the answers

What impact did higher floors have on real estate revenue?

<p>They began to produce higher revenues. (B)</p> Signup and view all the answers

What year marked the first world’s fair hosted in America?

<p>1853 (B)</p> Signup and view all the answers

How many elevators were reported to be in New York City at last count?

<p>58,000 elevators (B)</p> Signup and view all the answers

What type of risk does the content argue is the greatest?

<p>Playing it safe (D)</p> Signup and view all the answers

Flashcards

Calculated Risk

A type of risk where the potential reward outweighs the potential danger; a calculated risk.

Safety Elevator Brake

A safety device that prevents an elevator from falling if the cables break.

Skyscrapers

The tallest buildings, often with 20 or more stories.

World's Fair

The act of showcasing new inventions or products, typically in a large exhibition hall.

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Risk-Reward Ratio

The ratio between the potential benefits and potential risks of an action.

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Top-Floor Real Estate Issue

The inability to rent spaces on higher floors due to the inconvenience of climbing stairs.

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Playing it safe is risky

The idea that taking no risks can be riskier than taking calculated risks.

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Building Height

A building's height, usually measured in stories or floors.

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Revenue

The financial gain generated by a property or business.

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The Impact of the Safety Elevator Brake

The invention of the safety elevator brake revolutionized building heights, leading to the modern skyscraper.

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Study Notes

Elisha Otis and the Safety Elevator

  • Elisha Otis, inventor of the safety elevator brake, used a daring demonstration at the 1853 New York World's Fair to showcase his invention.
  • He stood on a high-placed elevator, positioned an axman above it, and had the rope cut.
  • The elevator fell a short distance, and Otis declared: "All safe, ladies and gentlemen. All safe."
  • This stunt highlighted a key message: playing it safe is risky / calculated risks are necessary for progress; avoiding risk is the biggest risk.
  • The risk-reward ratio is important for calculated risks.
  • Otis's demonstration overcame skepticism about safety.

Impact of the Safety Elevator

  • In 1854, Otis installed an elevator in a building on Broadway.
  • By 1890, there were ten buildings taller than ten stories.
  • By 1900, sixty-five buildings were over twenty stories tall.
  • By 1908, 538 skyscrapers existed in NYC.
  • Higher floors were desirable due to better views and more prominent revenue, leading to taller buildings.
  • This demonstrates that innovation allows for more space-intensive development options and higher-profit opportunities.

Elevators Today

  • Modern NYC boasts fifty-eight thousand elevators.
  • These elevators support over eleven billion trips per year.
  • Globally, the equivalent of the world's population rides Otis Elevator Company products every three days.
  • This significant impact highlights the profound influence of Otis's invention on urban development and global transportation.

Further Implications

  • Cutting the rope symbolizes taking calculated risks.
  • It's necessary for envisioning and pursuing future possibilities and dreams.
  • It may involve temporary failures or setbacks.
  • Taking risks is crucial to realizing God's plans for personal growth.

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