Andrew Carnegie and the Rise of Big Business Test | Final 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. Carnegie acquires _______ of the eight failing rail mills and follows an aggressive policy of price-cutting to anticipate its direction and expand sales.
(a) Four.
(b) Two.
(c) Three.
(d) Five.

2. Holley's pre-production estimates and Shinn's voucher system provides Carnegie's Edgar Thomson Works with accurate profitability in its ________ month of operation.
(a) First.
(b) Fourth.
(c) Third.
(d) Second.

3. Henry Phipps reviews blast furnace operations where flue-cinders are thrown away. What happens to puddling furnace cinders?
(a) They are used in the blast furnace.
(b) They are thrown away.
(c) They are destroyed.
(d) They cause pollution.

4. The mill site is strategically situated _______________ where the Pennsylvania, Baltimore and Ohio railroad and river transportation system is readily available, nearby the coal fields.
(a) At the Potomac.
(b) At the Allegheny.
(c) At the Ohio River.
(d) At the Monongahela.

5. Only how many of the original nine partners remain?
(a) Five.
(b) Three.
(c) Two.
(d) Four.

6. Carnegie corrects this deficiency by integrating _______________________.
(a) Pullman and Woodruff.
(b) Sun Oil and US Oil.
(c) Pennsylvania Railroad with Pacific Union.
(d) Keystone Bridge and Union Iron.

7. The 1878 Thomas process of lime-lining the heating vessel to eliminate phosphorous is acquired by Carnegie and sold to who two years later?
(a) The John D. Rockefeller Association.
(b) The Roosevelt Association.
(c) The Mellon Association.
(d) The Bessemer Association.

8. Phipps buys flue-cinder at fifty cents a ton and sells puddle-cinder at ________ per ton to improve Lucy furnace product and save money.
(a) $1.50.
(b) $3.50.
(c) $2.50.
(d) $0.50.

9. Along with Shinn, they put together an effective team based on Carnegie's systematic analysis of personnel to provide performance incentives that raise __________ men through ranks to share ownership.
(a) Ten.
(b) Twenty.
(c) Forty.
(d) Thirty.

10. Carnegie progresses from rolling rail to rolling structural beams and angles for bridges, skyscrapers, and ________________.
(a) Businesses.
(b) Apartments.
(c) Elevated railroads.
(d) Homes.

11. Frick shares Carnegie's vision and drive but is self-righteous and lacks what?
(a) Confidence.
(b) Education.
(c) Intelligence.
(d) A sense of humor.

12. When the state legislature creates a limited partnership in ____________, Carnegie, McCandless immediately restructures into the Edgar Thomson Steel Company, Limited.
(a) 1876.
(b) 1880.
(c) 1878.
(d) 1874.

13. Historically, management of the Carnegie companies resulted in _____ labor difficulties before the Homestead strike.
(a) Quite a few.
(b) Many.
(c) Hundreds of.
(d) Few.

14. Americans in the North have how many years of peace and prosperity as they begin to exploit American markets?
(a) Eight.
(b) Seven.
(c) Ten.
(d) Nine.

15. He follows a policy of putting all his eggs in the same basket and doing what?
(a) Watching it.
(b) Worrying about it.
(c) Forgetting about it.
(d) Ignoring it.

Short Answer Questions

1. Carnegie is praised by labor leaders and Frick is considered _____________.

2. However, by 1881, a competitor Homestead has the most modern equipment, but is plagued by what problems for two years?

3. When Carnegie decides what furnace is more effective, he orders six more to be built immediately.

4. William Coleman also shares Carnegie's interest and enthusiasm in what?

5. Frick's chairmanship of the Carnegie Company marks a difficult period in its history starting with what strike in 1892 and a four year depression from 1893.

(see the answer keys)

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