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. James L. Shaw of the Pacific and Atlantic Telegraph Company offers to buy how many shares of Keystone at three times its value, or $150,000?
(a) One million.
(b) One thousand.
(c) One hundred thousand.
(d) Ten thousand.

2. Their town is at one time known as the most radical in the kingdom, as a result of the influence of ______________ who demand concessions from Parliament, primarily political equality.
(a) The Chartists.
(b) GRAPO.
(c) The Committee for a Workers' International.
(d) World Socialist Movement.

3. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?
(a) No business.
(b) Small business.
(c) Government-controlled business.
(d) Big business.

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

5. Carnegie becomes an expert in Pittsburgh's _____________ business.
(a) Financial.
(b) Manufacturing.
(c) Commercial.
(d) Mining.

Short Answer Questions

1. Scott leaves Carnegie in charge when he does what?

2. By the age of __________ Carnegie manages a complex, multi-unit industrial enterprise and capitalizes on knowing the value of money based on what it can earn.

3. 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.

4. The Carnegies stay in their homeland as long as they can until conditions become intolerable in what town?

5. Carnegie's ideas about machines, individual success and the American political system contribute to the development and growth of what?

Short Essay Questions

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

2. Describe Carnegie's investment in Keystone Bridge Company.

3. How does Andrew escape the textile mills?

4. Describe the Pennsylvania Railroad in 1865.

5. How does Andrew benefit from his work delivering telegraph messages?

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

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

8. Who are Roberto Goizuetta and Any Grove?

9. What are the jobs of the railroad managers?

10. How does Carnegie determine he can profit from the boom in telegraphy?

(see the answer keys)

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