|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. What is the town's industry in 1835?
2. What characterizes America?
3. _____________ is the focal point that straddles the east-west route where the Monongahela and Allegheny rivers join at the Ohio River.
4. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?
5. What railroad focuses capital investments that either increase revenue or reduce unit cost to justify them?
Short Essay Questions
1. By what is this dream not diminished?
2. What are the jobs of the railroad managers?
3. Why do the Carnegies leave Scotland?
4. How does Andrew benefit from his work delivering telegraph messages?
5. 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.
6. What work do the Carnegies find in America?
7. How does industry benefit from Carnegie?
8. What does Daniel McCallum offer those in management?
9. What characterizes America? To what does this refer?
10. How does Andrew escape the textile mills?
Write an essay for ONE of the following topics:
Essay Topic 1
After Carnegie's apprenticeship ends at the Pennsylvania Railroad, he is ready to move on.
Part 1) Why does he decide it is time to move on? Is this a good decision? Why or why not? To where does he move on? Why?
Part 2) How does this move change his life? Do you believe he would have been successful if he had stayed at the Pennsylvania Railroad? Why or why not?
Part 3 ) Describe a time when you have realized it was time for a change. How did you know? How did you go about this change? What were the end results?
Essay Topic 2
Woodruff is the cornerstone of Carnegie's fortune.
Part 1) What is Woodruff? How has Carnegie's fortune grown up to this point? How does it become the cornerstone of Carnegie's fortune? How does this then lead to Columbia Oil?
Part 2) What important decisions does he make regarding these two companies that make them the cornerstone of his fortune? How do these companies lead to future growth in his wealth? Does he make a good decision by getting out of the oil business, investing in other businesses and finally ending up in the steel business? Explain.
Part 3) How do the decisions you have made in the past affect you today? How much of an impact will the decisions you make today have on your future? Do you believe that Carnegie's decisions were well-thought out or based on instinct and experience? Use the text to support your decision. Are most of your most influential decisions and actions based on organized plans or on your own instinct and knowledge?
Essay Topic 3
Carnegie forms an informal investing triumvirate.
Part 1) Describe this triumvirate. Why does he form this group? How effective are they? How do they benefit Carnegie? How doe they benefit from him?
Part 2) Throughout the book, what role does this triumvirate play? How does it aid Andrew in growing his wealth? How is it, at times, detrimental?
Part 3) If you were to form a triumvirate, who would it include? Why? What would be the purpose of the triumvirate?
This section contains 1,187 words
(approx. 4 pages at 300 words per page)