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. Beginning in 1872, Carnegie focuses on the single project of his steel-rail rolling mill that is completed in _________.
(a) 1903.
(b) 1883.
(c) 1893.
(d) 1873.

2. Corruption in construction of the Union Pacific Railroad is exposed with what scandal where congressmen get railroad stock to misuse public funds?
(a) The Credit Mobilier.
(b) Lawyergate.
(c) Newport Scandal.
(d) The Hatch Act.

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

4. Carnegie feels confident enough in 1870 to do what?
(a) Make large changes in the business.
(b) Buy new businesses.
(c) Expand the business.
(d) Sell the business.

5. The industrial economy is crippled with some __________________ firms failing over six years.
(a) 1,200.
(b) 120.
(c) 12,000.
(d) 5,000.

6. Productive staff is rewarded and non-productive staff is ___________.
(a) Ignored.
(b) Punished.
(c) Abused.
(d) Eliminated.

7. 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.
(a) 1889.
(b) 1879.
(c) 1909.
(d) 1899.

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

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

10. In __________, Carnegie has the most modern operation.
(a) 1879.
(b) 1878.
(c) 1875.
(d) 1880.

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

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

13. Carnegie hires the expert ____________ to put the Bessemer program in place and function as its works superintendent.
(a) Alexander Holley.
(b) John D. Rockefeller.
(c) Tom Scott.
(d) J. Edgar Hoover.

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

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

Short Answer Questions

1. Carnegie forms an enterprise to manufacture Bessemer steel as he changes from ________________.

2. Schwab cuts $500,000 in costs at Homestead by __________________ and replacing skilled labor with machines and unskilled workers.

3. What firms are formed and the Gilded Age develops in New York?

4. He installs a blast furnace called________ in 1872 to produce 13.361 tons initially and eventually over 100,000 tons annually by maximizing output.

5. Who rescues Merritt's Mesabi Range from bankruptcy?

(see the answer keys)

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