Andrew Carnegie and the Rise of Big Business Quiz | Two Week Quiz A

Harold C. Livesay
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This quiz consists of 5 multiple choice and 5 short answer questions through The Master Builder: A Structure of Steel.

Multiple Choice Questions

1. When dividend payments stop, Carnegie plans a ________ exit to maximize Pacific's price by speculation that lets the triumvirate cash out and leave the remaining Pacific stockholders to drown.
(a) Four-step.
(b) Five-step.
(c) Two-step.
(d) Three-step.

2. Erie and Pennsylvania Railroads each have ________ thousand employees trained into a disciplined workforce.
(a) Ten.
(b) Thirteen.
(c) Eight.
(d) Four.

3. In 1849 when he takes the job, Carnegie is at the beginning of a period when capital, manpower and technology in the United States transitions from __________________.
(a) An old agricultural to a new industrial world.
(b) An old hunter and gatherer society to a new agricultural world.
(c) A new industrial world to an old agricultural world.
(d) An old industrial to a new agricultural world.

4. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.
(a) $3.4 milion.
(b) $334 million.
(c) $3 billion.
(d) $34,000.

5. Rich and poor are impacted when even Tom Scott faces ruin and disgrace from Texas Pacific Railroad default unless what happens?
(a) A miracle occurs.
(b) He can sell stock.
(c) The economy improves.
(d) His friend Andrew Carnegie endorses the note.

Short Answer Questions

1. Will is unable to catch on to new opportunities and reverts back to weaving and selling his wares on the street, which does what?

2. Business transactions at the time take place over what type of communication?

3. A typical pattern in the ____________ century is that a community builds up around a few pioneers who leave their homeland and then encourage friends and relatives to join them.

4. From 1867 through 1872, Andrew Carnegie joins the expansion trend by manipulating what stock to promote $30 million in stocks and bonds in Europe?

5. In following years Carnegie gets at least ___________ for a net investment of $217.50 until 1870 when he sells out.

(see the answer key)

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