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

Harold C. Livesay
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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. During the nineteenth century American railroads are financed by bonds with over ____ percent of their earnings used to pay bond interest.

2. This old craft is destroyed in _______ years, along with Will Carnegie's job and his town's main source of income.

3. With whom does Carnegie form Columbia Oil Company?

4. Carnegie promotes expanding with other Pennsylvania-controlled franchises through Scott and assures construction in his contracting business by bartering Pacific stock for construction costs with ___________ exchange rates.

5. When his father dies in 1855, Andrew calls him what?

Short Essay Questions

1. What happens within two years of arriving in America?

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

3. What characterizes America? To what does this refer?

4. Give an example of how the size and complexity of a railroad business requires creation of bureaucratic organization, structure, and policy to fit the needs.

5. What does Andrew do from 1867 through 1872?

6. What work do the Carnegies find in America?

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

8. How does industry benefit from Carnegie?

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

10. Describe the Columbia Oil Company.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Carnegie and George Pullman make "The Pullman Palace Car Company" a joint venture.

Part 1) How does this joint venture come about? Is this a good decision for both men? Why or why not? What does this joint venture reveal about both Carnegie and Pullman?

Part 2) How does this venture affect the triumvirate? How does it affect other stockholders? How does it lead to the end of stock speculation? How does this end of speculation lead Carnegie in a new direction?

Part 3) Think of two companies you admire or whose products you enjoy. What would it be like if they joined forces? How would this joint venture affect them? How would it affect customers like yourself?

Essay Topic 2

With the forming of an enterprise to manufacture Bessemer steel, Carnegie changes from capitalist to entrepreneur.

Part 1) Why does he decide to move into the steel business? How does this change him from a capitalist to an entrepreneur? Is this a good maneuver? If so, why? If not, why not?

Part 2) Carnegie follows a policy of putting all of his eggs in the same basket and watching that basket. Is this a good policy? Why or why not? How has becoming an entrepreneur changed Carnegie? In what ways has he stayed the same?

Part 3) Carnegie's partners include many wealthy executives and merchants. How important are these men in Carnegie's new ventures in steel? How have others been important in Carnegie's professional career? How important are others in your own life and advancements you have made?

Essay Topic 3

The "American dream" characterizes America.

Part 1) What is the "American dream?" How does it characterize America? How did this dream come to be? How did this dream affect immigration into the United States? How does it affect immigration into our country today?

Part 2) How was Andrew Carnegie affected by this dream? What role did this dream play in his rise in power and Carnegie's being the richest man in the world?

Part 3) How are you affected by the "American dream?" How do you see this "dream" in your own community and in the U.S. as a whole? Do you believe it is as strong as it was over one hundred years ago? Why or why not?

(see the answer keys)

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