Andrew Carnegie and the Rise of Big Business Test | Mid-Book Test - Medium

Harold C. Livesay
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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Business transactions at the time take place over what type of communication?
(a) Telephone.
(b) Telegraphic.
(c) Letter.
(d) Internet.

2. In following years Carnegie gets at least ___________ for a net investment of $217.50 until 1870 when he sells out.
(a) $5,000.
(b) $50.
(c) $50,000.
(d) $500.

3. By ________, the Pennsylvania Railroad runs 3,500 miles of track with 30,000 employees and $61 million invested.
(a) 1865.
(b) 1860.
(c) 1870.
(d) 1875.

4. Whose pioneering skills in management are codified in his "Book of Rules and the Employees' Timetable?"
(a) Daniel McCallum's.
(b) David McClure's.
(c) Darrel McAllister's.
(d) Duane McMahon's.

5. Seeds of ambivalence develop within Andrew to appreciate what ideas?
(a) New World.
(b) Old World.
(c) His friend's.
(d) His parent's.

Short Answer Questions

1. Except for Tom, the youngest who is in school, Will and Margaret go to work by weaving and shoe-binding, and Andrew as what in a textile mill?

2. Carnegie sells Central patents for ____________ to Pullman and they exchange shares for no money to form the new company.

3. How many people immigrate from the Old to the New World to embed the dream into an image of America far stronger than the success of a few like the Guggenheims and Vanderbilts?

4. Carnegie and his triumvirate get a franchise from Pennsylvania Railroad with the benefits of existing poles and franchising from Trenton through to what?

5. A typical pattern in the ____________ century is that a community builds up around a few pioneers who leave their homeland and then encourage friends and relatives to join them.

Short Essay Questions

1. What are the jobs of the railroad managers?

2. Who is George M. Pullman? How do he and Carnegie become involved in business together?

3. How does Andrew escape the textile mills?

4. Give an example of when Carnegie meets railroad's customers and initiates control of division operations when needed.

5. How is Carnegie cautious in his investments? How might this help him throughout his career?

6. Describe the informal investing triumvirate Carnegie formed with Thomson and Scott.

7. How is Pittsburgh important at this time?

8. By what is this dream not diminished?

9. What does Carnegie do when Pacific dividend payments stop?

10. What agreement is made between the triumvirate and James L. Shaw?

(see the answer keys)

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