Answering Question 1,"What does the negative mean?" :
Answer from me: The negative means nothing. We do not care what the negative means because the sign of U has no bearing on our calculations. Can there even be a positive U?
The devil is in the definition of U. Remember, alot of understanding science is about definitions.
Now to answer Why is "U" negative:
From Wikipedia: From "Potential Energy"-->gravitational potential energy-->General Formula
"Choosing the convention that K=0 makes calculations simpler, albeit at the cost of making U negative; for why this is physically reasonable, see below." So, we wanted a constant to be 0, but to do this U had to be negative. It is an artifact of convienience.
"Potential Energy"-->gravitational potential energy-->Why choose a convention where the gravitational energy is negative?
"Since physicists abhor infinities in their calculations, and r is always non-zero in practice, the choice of U=0 at [ r= ] infinity is by far the more preferable choice, even if the idea of negative energy in a gravity well appears to be peculiar at first."
My translation "U is negative because physicists are lazy. They want calculations to be as simple as possible. So, U is negative because calculations would be more time consuming if it were positive."
The wikipedia link:
http://en.wikipedia.org/wiki/Potential_energy
and if you love wikipedia visit their donation page. I won't link it because then this would look scammy. If you think Wikipedia Works then tell them when you donate
🙂.
Good questions tho. These are good to ask. I majored in physics and I couldn't answer right away.Great review. I reccomend reading that wikipage.
If you have any more questions I'll be happy to try and answer for you.