Mid-Book Test - Hard
|Name: _____________________________||Period: ___________________________|
This quiz consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Why does Pullman gives Carnegie enough Pennsylvania stock to collateralize a $600,000 loan?
2. What characterizes America?
3. Carnegie's first dividend check for ________ opens a whole new world of receiving cash from capital.
4. Scott leaves Carnegie in charge when he does what?
5. Business transactions at the time take place over what type of communication?
Short Essay Questions
1. What happens when Carnegie is in Scotland?
2. What does Daniel McCallum offer those in management?
3. Describe the firm and the new mill.
4. How is Rockefeller involved in Carnegie's business?
5. How do family members and friends help immigrants? How is Carnegie's family helped?
6. Why do the Carnegies leave Scotland?
7. Who is Homestead? How does Carnegie deal with Homestead?
8. What work do the Carnegies find in America?
9. What are the benefits of the Cyclops and Union Mills merger?
10. What does Carnegie do in Europe?
J.P. Morgan purchases the Carnegie company.
Part 1) Describe the purchasing of the Carnegie Company by J.P. Morgan. What challenges and disputes lead up to this purchase? What do these problems reveal about Carnegie, Frick, and others?
Part 2) Does Carnegie make the right decision by selling the company to J.P. Morgan? Why or why not? The new company, U.S. Steel, prints $300 million worth of bonds for Carnegie. Why does he never see these? What does this reveal about him?
Part 3) J.P. Morgan congratulates Carnegie on being "the riches man in the world!" What do you think Carnegie thought of this? Use the text to support your response.
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?
The Panic of 1873 is significant.
Part 1) Describe the Panic of 1873. How does it begin? How are businesses and ordinary citizens affected by it? How does the country pull out of this panic? How does this panic compare to the 1929 Crash and the Great Depression that followed?
Part 2) Could this panic have been avoided? If so, how? If not, why not? Did the country learn from this panic? Why or why not?
Part 3) Could a panic such as this occur again? Why or why not? Have we as a country learned anything from this panic, the Crash of 1929, and other economic disasters? Explain.
This section contains 1,153 words
(approx. 4 pages at 300 words per page)