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's insistence on knowing the costs continues for his _______________ years in the steel business.
(a) Forty.
(b) Twenty-five.
(c) Twenty.
(d) Thirty.

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

3. Carnegie hires Captain Bill Jones to raid whose staff where they worked together before its strike to run ET?
(a) Cambria pines'.
(b) Cambria font's.
(c) Cambria mill's.
(d) Cambria heights'.

4. Carnegie sells _____________ bonds to Junius Morgan in London to complete construction of the Edgar Thomson Works in 1875, and saves 25 percent in costs from the depression.
(a) $4,000.
(b) $400,000.
(c) $4 million.
(d) $40,000.

5. What problems does this steel company have?
(a) Supply and labor problems.
(b) Financial and policy problems.
(c) Management and organization problems.
(d) Labor and capital problems.

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

7. As mills become more efficient, the need for raw material continues with deposits from _______________________.
(a) Alabama, Alaska, and Arizona.
(b) Indiana, Kentucky, and Illinois.
(c) Michigan, Wisconsin and Minnesota.
(d) New York, Pennsylvania, and Maryland.

8. Carnegie organizes a partnership with business associates and colleagues that are confident of his success to do what?
(a) Lower capital.
(b) Raise capital.
(c) Stabilize capital.
(d) Find capital.

9. He installs a blast furnace called________ in 1872 to produce 13.361 tons initially and eventually over 100,000 tons annually by maximizing output.
(a) "Lucy."
(b) "Lenny."
(c) "Luke."
(d) "Larry."

10. By 1892, Carnegie is in ______________ and leaves labor issues to Frick.
(a) Ireland.
(b) England.
(c) Wales.
(d) Scotland.

11. Carnegie relies on what system implemented by Thomson and Scott at the railroad to transfer and adapt it to industry?
(a) The McAllister.
(b) The McDonald.
(c) The McMillan.
(d) The McCallum.

12. Captain Bill Jones claims success in managing labor by doing what?
(a) Keeping crews "judiciously mixed."
(b) Keeping crews "judiciously separated."
(c) Raising the crews' salaries.
(d) Firing the instigators in the crew.

13. 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) $0.50.
(c) $2.50.
(d) $3.50.

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

15. Carnegie tries to use public relations, legislative action and threatens who to drive shipping costs down?
(a) The unions.
(b) A competitor railroad.
(c) John D. Rockefeller.
(d) A competitor in the steel industry.

Short Answer Questions

1. Carnegie feels confident enough in 1870 to do what?

2. In __________, Carnegie has the most modern operation.

3. The start of ET construction coincides with what?

4. From 1872 through ________, Carnegie builds an integrated industrial business to become the best-known manufacturer in the world, publishes three books, travels around the world, and becomes a philanthropist with the express intent to give away his fortune.

5. American capitalism and democracy conflict in the fear that economic justice requires what?

(see the answer keys)

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