|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions and 1 (of 3) essay topics.
Short Answer Questions
1. Carnegie's methods in steel concentrate what?
2. Americans in the North have how many years of peace and prosperity as they begin to exploit American markets?
3. In __________, Carnegie has the most modern operation.
4. Phipps sees possible gains in other operations and encourages Carnegie to hire who?
5. Bank failures destroy personal savings, social safety nets are nonexistent and workers retreat to the family farm or where?
Essay Topic 1
Andrew escapes the coal and oil of textile mills.
Part 1) How does he escape? To where does he escape? How does he benefit from this? How do his experiences in these mills influence him?
Part 2) How important are his early careers to his life as a capitalist and then as entrepreneur? How does he use the knowledge he gains throughout his life in his career decisions? How does he benefit from doing this?
Part 3) How might your own work experiences influence you as an adult in the work force? What experiences have already occurred in your life that will be beneficial in the future?
Essay Topic 2
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.
Essay Topic 3
Carnegie works for the Pennsylvania Railroad.
Part 1) Describe his time with this railroad company. How is this time significant in his career as a businessman?
Part 2) What are four important things he learns from working for the Pennsylvania Railroad? How are these things useful later in his life?
Part 3) Andrew receives several promotions. Why? How is this success foreshadowed earlier in the book?
This section contains 2,345 words
(approx. 8 pages at 300 words per page)