|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. Why does Pullman gives Carnegie enough Pennsylvania stock to collateralize a $600,000 loan?
(a) He believes it is one of his best ideas.
(b) He needs money.
(c) He is ignorant of this poor decision.
(d) He trusts Carnegie.
2. What characterizes America?
(a) The "American willpower."
(b) The "American pride."
(c) The "American dream."
(d) The "American car."
3. Carnegie's first dividend check for ________ opens a whole new world of receiving cash from capital.
4. Scott leaves Carnegie in charge when he does what?
(c) Takes a ten-day trip.
(d) Has mandatory surgery.
5. Business transactions at the time take place over what type of communication?
6. Pennsylvania Railroad buys from the Woodruff venture and offers what when borrowing?
(a) A great deal of collateral.
(b) The credibility of a "strong corporation."
(c) The credibility of a "big corporation."
(d) A discount on shipping.
7. The triumvirate agrees to sell at once for what reason?
(a) Since it has no dollar investment in the transaction.
(b) It is the most logical plan.
(c) There are no better offers.
(d) They want to get rid of shares.
8. Will is unable to catch on to new opportunities and reverts back to weaving and selling his wares on the street, which does what?
(a) Provides a significant income for his family.
(b) Builds his self-confidence and brings pride to his family.
(c) Destroys his self-confidence and shames his family.
(d) Brings him more work than when he had his factory job.
9. 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 bobbin boy.
(b) An errand boy.
(c) A shoe-binder.
(d) A weaver.
10. Although Andrew dislikes the tedium, smells and hours, he works in another textile mill until what?
(a) He gets a college scholarship.
(b) He gets an office opportunity in accounting.
(c) He gets injured.
(d) He gets promoted to a management position.
11. Andrew's job delivering telegraph messages puts him in touch with whom?
(a) People of varying races.
(b) Business producers on their way to national prominence.
(c) Many irate individuals.
(d) The President of the United States.
12. The size and complexity of a railroad business requires creation of bureaucratic organization, structure, and what else?
(a) A hiring process.
(b) Benefits for workers.
(c) Policy to fit the needs.
(d) A union.
13. When his father dies in 1855, Andrew calls him what?
(a) A man of the world.
(b) A loser.
(c) An embarrassment.
(d) A man not of the world.
14. Carnegie, acting under Scott-Thomson proxies, now owns how much of Pacific and Atlantic for the start-up Keystone Telegraph?
(a) One eighth.
(b) One half.
(c) One third.
(d) One fourth.
15. The Carnegies stay in their homeland as long as they can until conditions become intolerable in what town?
Short Answer Questions
1. Andrew's opportunity to escape the coal and oil of textile mills comes through _________ asking him to become a messenger boy with a telegraph company in Pittsburgh.
2. _____________ is the focal point that straddles the east-west route where the Monongahela and Allegheny rivers join at the Ohio River.
3. Carnegie and his triumvirate get a franchise from Pennsylvania Railroad with the benefits of existing poles and franchising from Trenton through to what?
4. Carnegie is cautious in his investments by limiting them to what?
5. This old craft is destroyed in _______ years, along with Will Carnegie's job and his town's main source of income.
This section contains 594 words
(approx. 2 pages at 300 words per page)