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This quiz consists of 5 multiple choice and 5 short answer questions through Carnegie Challenges the World.

Multiple Choice Questions

1. What does Andrew dislike about the oil business that seems beyond control of management until the 1880s and Rockefeller?
(a) The destructive properties of oil.
(b) The smell, messiness and waste.
(c) The instability of the economy.
(d) The fluctuation of price.

2. Carnegie's ideas about machines, individual success and the American political system contribute to the development and growth of what?
(a) The barter economy.
(b) The market based economy.
(c) The digital Economy.
(d) The industrial economy.

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

4. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?
(a) Railroad management skills.
(b) Railroad technology skills.
(c) Organizational skills.
(d) Sales skills.

5. After this steel company's acquisition for _____ million bonds, Frick restructures all the related companies with Carnegie Steel Company, Limited taking over assets of Carnegie Brothers and Carnegie Phipps with a $25 million capital base, distributing to Carnegie 55 percent, Frick and Phipps both 11 percent each, 1 percent each to nineteen partners and 4 percent reserve for key staff.
(a) $1.
(b) $4.
(c) $2.
(d) $3.

Short Answer Questions

1. Beginning in 1872, Carnegie focuses on the single project of his steel-rail rolling mill that is completed in _________.

2. By 1892, Carnegie is in ______________ and leaves labor issues to Frick.

3. Scott and Thomson like the Woodruff Sleeping Car Company that owns patents in 1858 but lacks what?

4. Carnegie, acting under Scott-Thomson proxies, now owns how much of Pacific and Atlantic for the start-up Keystone Telegraph?

5. What is the town's industry in 1835?

(see the answer key)

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