Andrew Carnegie and the Rise of Big Business Test | Final 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. Henry Phipps reviews blast furnace operations where flue-cinders are thrown away. What happens to puddling furnace cinders?
(a) They are thrown away.
(b) They are used in the blast furnace.
(c) They are destroyed.
(d) They cause pollution.

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

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

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

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

Short Answer Questions

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

2. When prosperity returns, the Carnegie business thrives. Does the damage to his personal reputation from the strike ever heal?

3. In __________, Carnegie has the most modern operation.

4. Rich and poor are impacted when even Tom Scott faces ruin and disgrace from Texas Pacific Railroad default unless what happens?

5. Captain Bill Jones claims success in managing labor by doing what?

Short Essay Questions

1. What does Schwab do for the business?

2. What causes the 1893 depression? What does Carnegie do at this time?

3. How does Carnegie benefit from cutting costs?

4. Describe the firm and the new mill.

5. How is Rockefeller involved in Carnegie's business?

6. What does the entrepreneurial Carnegie begin in 1872? Describe his work at this time.

7. Who is Homestead? How does Carnegie deal with Homestead?

8. Why does Carnegie hire Alexander Holley?

9. What does Frick's chairmanship mark?

10. Describe Carnegie's replacement of equipment.

(see the answer keys)

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