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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. Carnegie presents the bonds to the Morgan investment banking house in London in March, 1869, where he sells them to Morgan at what percent?

2. Carnegie is cautious in his investments by limiting them to what?

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

4. 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?

5. Managerial skill level reached over ______________ years exceeds that of the prior five centuries.

Short Essay Questions

1. How do family members and friends help immigrants? How is Carnegie's family helped?

2. How does Andrew escape the textile mills?

3. How does industry benefit from Carnegie?

4. What does Andrew do from 1867 through 1872?

5. What happens on July 15, 1848?

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

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

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

9. Describe the Columbia Oil Company.

10. The partners pledge an investment to be made in installments paid when due or by the company as credit for dividends payable on the whole investment. Give an example of this pledge in action.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

A typical pattern in the 19th century is that a community builds up around a few pioneers who leave their homeland and then encourage friends and relatives to join them.

Part 1) How was this the case for the Carnegies? How did they benefit from this? How might this have affected communities in the U.S.?

Part 2) How would this affect one's ability to acclimate to the American culture? What might have been considered American culture at this time? Explain.

Part 3) How are these communities still seen today? Why do these ethnic communities still exist?

Essay Topic 2

Carnegie corrects deficiencies at Cyclops, now Union Iron.

Part 1) What deficiencies exist at Cyclops? How does Carnegie correct these deficiencies? How important is his past experience when correcting these deficiencies? What do these corrections reveal or reinforce about Carnegie?

Part 2) How does this introduce rationality into pricing and a methodology for investment planning? Why is this important? How do Carnegie and his partners benefit from this?

Part 3) What can we as readers learn from Carnegie's actions surrounding his purchase of Cyclops, its initial merger with Union Iron and the final merger with Keystone Bridge Company?

Essay Topic 3

Carnegie leaves Pittsburgh for New York City.

Part 1) Why does he decide to make this move? How is this connected to his decisions surrounding his business? How does he benefit from this move and the people he meets upon arriving in New York?

Part 2) Do you believe Carnegie would have been as successful as he was if he had stayed in Pittsburgh? Why or why not? Why was New York City an important place to be at this time? Is New York City as important today? If so, why? If not, why not?

Part 3) In what are you interested? What is the best place to be for this interest? Would you consider moving to this place? Why or why not? How might your life change by making this move?

(see the answer keys)

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