I'm not sure how feasible this would have been, but it certainly would have been interesting, in theory anyway. Things are so much different now than they were in 1922. If we were to shut down the Internet entirely for one minute, absolute chaos would have ensued. A thought to consider, just how dependent we've become on the Internet.
I don't think so because shutting down the internet for one minute would probably not have been a good idea. The reason for that is that with the internet there's so much more at stake for its users. Let's take the example of a company or any large-scale business. One minute without internet could have immense effects on their profit since such businesses, nowadays, depend on the internet to connect with their clients and to manage their finances. One can only imagine what the effect would be in hospitals. Today, most hospitals depend on the internet for the system to run properly. Of course, well-financed hospitals would have a plan B, but what about those hospitals that don't get as much governmental support?
Some acts or ceremonies meant to show respect for someone's death can be a little extreme and unnecessary. Suggesting the internet go dark to mourn Steve Job's death would be contrary to the man's legacy. He would probably want something different than that to show respect towards his untimely death.
It's great that Steve Jobs did so much for modern technology, but he didn't invent the Internet. There are a lot of tech giants in today's world, and the world cannot shut down in order to honor each one of them. Today, the Internet is so important to so many businesses, the world can't just stop.
The internet should not have gone dark for a minute upon the death of Steve Jobs. Yes, Jobs was a brilliant tech icon and innovator. He is owed our respect and a debt of gratitude for the work he did at Apple. However, this does not mean that the internet should shut down just to mark his passing.