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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. 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) New York, Pennsylvania, and Maryland.
(d) Michigan, Wisconsin and Minnesota.

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

3. Rich and poor are impacted when even Tom Scott faces ruin and disgrace from Texas Pacific Railroad default unless what happens?
(a) He can sell stock.
(b) His friend Andrew Carnegie endorses the note.
(c) The economy improves.
(d) A miracle occurs.

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

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

6. The start of ET construction coincides with what?
(a) The Great Depression of 1873.
(b) Black Friday of 1873.
(c) The Panic of 1873.
(d) The Crash of 1873.

7. 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) "Larry."
(b) "Luke."
(c) "Lucy."
(d) "Lenny."

8. A second dimension necessary to effect this integration is the implementation of what system?
(a) Democratic.
(b) Benefits.
(c) Accountability.
(d) Welfare.

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

10. 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.

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

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

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

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

15. Andrew needs a strong leader to manage growth after what happens to his brother Tom?
(a) He becomes ill.
(b) He dies.
(c) He retires.
(d) He moves.

Short Answer Questions

1. Holley's pre-production estimates and Shinn's voucher system provides Carnegie's Edgar Thomson Works with accurate profitability in its ________ month of operation.

2. Carnegie's insistence on knowing the costs continues for his _______________ years in the steel business.

3. At the age of ___________ Carnegie finds a wife for his home, a business successor and considers retirement.

4. Carnegie organizes a partnership with business associates and colleagues that are confident of his success to do what?

5. 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.

(see the answer keys)

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