Andrew Carnegie and the Rise of Big Business Test | Mid-Book Test - Easy

Harold C. Livesay
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Success is due to the first president, ________________, and the superintendent of the western division, Tom Scott, who brings Andrew Carnegie into the modern system of train control.
(a) J. Edgar Hoover.
(b) J. Edgar Thomson.
(c) J. Edgar Johnson.
(d) J. Edgar Smith.

2. In ___________, Andrew is offered a job by Tom Scott, western division superintendent of the Pennsylvania Railroad, to be his secretary and personal telegrapher.
(a) 1858.
(b) 1852.
(c) 1868.
(d) 1862.

3. A new competitor, ________________ , decides a lavishly decorated "rolling palace" may have an edge, and by 1867 he has forty-eight in service.
(a) Gary M. Pullman.
(b) George M. Pullman.
(c) Geoff M. Pullman.
(d) Gerold M. Pullman.

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?
(a) Woodruff and Western Union.
(b) Union Pacific and Pennsylvania Railroad.
(c) Pennsylvania Railroad and Western Union.
(d) Western Union and Union Pacific.

5. Except for Tom, the youngest who is in school, Will and Margaret go to work by weaving and shoe-binding, and Andrew as what in a textile mill?
(a) A weaver.
(b) A shoe-binder.
(c) A bobbin boy.
(d) An errand boy.

6. Carnegie's career begins on July 15, 1848, when he and his family, parents Will, Margaret and his brother Tom, do what?
(a) Sail from France with fellow French passengers.
(b) Sail from Spain with fellow Spanish passengers.
(c) Sail from Great Britain with fellow Irish passengers.
(d) Sail from Great Britain with fellow Scottish passengers.

7. The size and complexity of a railroad business requires creation of bureaucratic organization, structure, and what else?
(a) Benefits for workers.
(b) A union.
(c) Policy to fit the needs.
(d) A hiring process.

8. Carnegie works ___________ years at the Pennsylvania Railroad while he develops managerial skill, economic principles and personal relationships to become a successful manager, capitalist and entrepreneur.
(a) Eighteen.
(b) Sixteen.
(c) Fourteen.
(d) Twelve.

9. Scott sends Carnegie off to where as a bond salesman with good wishes, a bag of bonds and letters of reference for the St. Louis Bridge Company?
(a) Europe.
(b) California.
(c) Asia.
(d) Africa.

10. Carnegie sells Central patents for ____________ to Pullman and they exchange shares for no money to form the new company.
(a) $20,000.
(b) $200.
(c) $2,000.
(d) $200,000.

11. Carnegie meets John Piper in 1856 in order to build _______ bridges, instead of wooden bridges that can be set afire from locomotive sparks and are not cost-effective beyond a certain span and load factor.
(a) Gold.
(b) Iron.
(c) Bronze.
(d) Steel.

12. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?
(a) Train repairs.
(b) Train movement.
(c) Customer interest.
(d) Customer movement.

13. Carnegie becomes an expert in Pittsburgh's _____________ business.
(a) Manufacturing.
(b) Commercial.
(c) Mining.
(d) Financial.

14. Andrew goes to night school in bookkeeping at what age?
(a) Sixteen.
(b) Eighteen.
(c) Fourteen.
(d) Twenty.

15. Why does Pullman gives Carnegie enough Pennsylvania stock to collateralize a $600,000 loan?
(a) He is ignorant of this poor decision.
(b) He needs money.
(c) He believes it is one of his best ideas.
(d) He trusts Carnegie.

Short Answer Questions

1. Carnegie's first installment on his one-eighth interest in Woodruff is $217.50 borrowed from the bank. The balance is paid by dividends in the venture's ________ year.

2. Scott leaves Carnegie in charge when he does what?

3. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.

4. He forms an informal investing ____________ with Thomson and Scott.

5. Railroad ______________ run the trains, maintain rolling stock and track, price and collect charges for service on passenger and freight trains running in both directions to meet demand.

(see the answer keys)

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