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. Seeds of ambivalence develop within Andrew to appreciate what ideas?
(a) His parent's.
(b) His friend's.
(c) Old World.
(d) New World.

2. Carnegie promotes expanding with other Pennsylvania-controlled franchises through Scott and assures construction in his contracting business by bartering Pacific stock for construction costs with ___________ exchange rates.
(a) 3 and 5 to one.
(b) 2 and 4 to one.
(c) 3 and 4 to one.
(d) 5 and 7 to one.

3. When his father dies in 1855, Andrew calls him what?
(a) A man of the world.
(b) A man not of the world.
(c) An embarrassment.
(d) A loser.

4. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.
(a) A thousand.
(b) Two million.
(c) A million.
(d) Two hundred thousand.

5. Whose pioneering skills in management are codified in his "Book of Rules and the Employees' Timetable?"
(a) Daniel McCallum's.
(b) Duane McMahon's.
(c) Darrel McAllister's.
(d) David McClure's.

6. What railroad focuses capital investments that either increase revenue or reduce unit cost to justify them?
(a) Pennsylvania.
(b) BNSF.
(c) Union Pacific.
(d) CSX.

7. By the age of __________ Carnegie manages a complex, multi-unit industrial enterprise and capitalizes on knowing the value of money based on what it can earn.
(a) Thirty-eight.
(b) Twenty-eight.
(c) Thirty.
(d) Twenty-five.

8. It is _______________ private business firm in the world and is called "the standard railroad of the world."
(a) One of the smallest.
(b) The smallest.
(c) One of the largest.
(d) The largest.

9. Andrew Carnegie becomes known as the city's best _____________.
(a) Operator.
(b) Politician.
(c) Student.
(d) Leader.

10. Machines begin taking over production with energy from _____________ independent from windmills and waterwheels.
(a) Oil-burning steam boilers.
(b) Wood-burning steam boilers.
(c) Coal-fired steam boilers.
(d) Electric steam boilers.

11. 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) A weaver.
(c) An errand boy.
(d) A shoe-binder.

12. 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) Iron.
(b) Steel.
(c) Gold.
(d) Bronze.

13. What is the town's industry in 1835?
(a) Hand weaving.
(b) Silk weaving.
(c) Basket weaving.
(d) Knitting.

14. Carnegie uses a similar strategy to exit the Woodruff Company by reorganizing it into ________________ with new stockholders and the triumvirate unstated.
(a) The Atlantic Pacific Company.
(b) The Cross Continental Company.
(c) The Central Transportation Company.
(d) The Union Transport Company.

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

Short Answer Questions

1. By ________, the Pennsylvania Railroad runs 3,500 miles of track with 30,000 employees and $61 million invested.

2. Carnegie rises from bobbin boy at __________ per week in 1850 to railroad superintendent at $2,400 per year in 1865.

3. He leaves his Pittsburgh home and iron business to live in what city?

4. Andrew goes to night school in bookkeeping at what age?

5. 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.

(see the answer keys)

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