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. Tom Miller is a _________ man who forms joint ventures with Carnegie in several small investments. They form Freedom Iron Company of Lewiston Pennsylvania in 1861 that Carnegie restructures into Freedom Iron and Steel to retool for the Bessemer process in 1866.
(a) Automobile.
(b) Industrial.
(c) Railroad.
(d) Technology.

2. 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 Mellon Association.
(c) The Roosevelt Association.
(d) The Bessemer Association.

3. The partners want Frick to exercise power without Carnegie. Why?
(a) He is easier to manipulate than Carnegie.
(b) He is more likely to keep wage costs down.
(c) He is more trustworthy than Carnegie.
(d) He has good ideas for growth in the company.

4. Carnegie's labor guidelines and Captain Bill's implementation works well until 1889 when what happens to Bill?
(a) He is killed in a blast furnace explosion.
(b) He is accused of causing a blast furnace explosion.
(c) He causes a blast furnace explosion.
(d) He is injured in a blast furnace explosion.

5. Carnegie pressures management and Frick resigns again. Is his resignation accepted?
(a) Not at first.
(b) No.
(c) Only later.
(d) Yes.

6. The 1893 depression is caused by what?
(a) Manufacturing undercapacity, particularly in the oil industry.
(b) Manufacturing overcapacity, particularly in the oil industry.
(c) Manufacturing undercapacity, particularly in the steel industry.
(d) Manufacturing overcapacity, particularly in the steel industry.

7. The process takes longer than expected, but by 1868 production begins, and expansion is planned in what year?
(a) 1882.
(b) 1892.
(c) 1862.
(d) 1872.

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

9. Carnegie follows the successful path of building through a depression and lack of customers by ________________.
(a) Driving costs and output down.
(b) Increasing costs and output.
(c) Driving costs down and increasing output.
(d) Increasing costs and decreasing output.

10. At thirty, Frick is a millionaire with _______ thousand coke ovens and three thousand acres of land.
(a) Three.
(b) Four.
(c) One.
(d) Two.

11. Phipps sees possible gains in other operations and encourages Carnegie to hire who?
(a) A full-time conservationist.
(b) A full-time chemist.
(c) A full-time biologist.
(d) A full-time physicist.

12. Who rescues Merritt's Mesabi Range from bankruptcy?
(a) Carnegie.
(b) Frick.
(c) Thomas.
(d) John D. Rockefeller.

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

14. Carnegie is praised by labor leaders and Frick is considered _____________.
(a) "A hero."
(b) "Carnegie's assistant."
(c) "Strange and righteous."
(d) "Haughty and disdainful."

15. Specialized merchants control flow of product at every step, which _____________________.
(a) Slows costs and increases materials flow.
(b) Slows costs and slows materials flow.
(c) Increases costs and slows materials flow.
(d) Increases costs and increases materials flow.

Short Answer Questions

1. Corruption in construction of the Union Pacific Railroad is exposed with what scandal where congressmen get railroad stock to misuse public funds?

2. They make a deal that is considered what?

3. Carnegie forces another _____________ partners out until only Schwab survives, while bringing in "young geniuses" who prove their merit on cost sheets.

4. By 1892, Carnegie is in ______________ and leaves labor issues to Frick.

5. He follows a policy of putting all his eggs in the same basket and doing what?

(see the answer keys)

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