Mid-Book Test - Hard
|Name: _________________________||Period: ___________________|
This test 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?
Essay Topic 1
Carnegie's insistence on knowing the costs continues for his twenty-five years in the steel business.
Part 1) How and why does cost matter throughout Carnegie's career in the steel business, as well as previous business ventures? How might this compare to the importance of cost to other companies? Use the text to support your response.
Part 2) How has this focus on cost influenced other businesses? How does it continue to be important to businesses today? How does this focus on cost aid in the creation of big business?
Part 3) When you make important decisions, on what do you focus? What aspects of a decision are important to you? How does your decision-making process compare to Carnegie's?
Essay Topic 2
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 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 1,138 words
(approx. 4 pages at 300 words per page)