|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Carnegie's pace of ___________ replacement needs continuous reinvestment of profits to the exclusion of significant dividend payments.
2. Specialized merchants control flow of product at every step, which _____________________.
3. One of the country's largest banking houses Jay Cooke's collapses, credit structures tumble and _____________ businesses fail in a year.
4. When Carnegie decides what furnace is more effective, he orders six more to be built immediately.
5. Holley's pre-production estimates and Shinn's voucher system provides Carnegie's Edgar Thomson Works with accurate profitability in its ________ month of operation.
Short Essay Questions
1. How does Carnegie benefit from cutting costs?
2. Who is Homestead? How does Carnegie deal with Homestead?
3. Describe Duqesne Steel.
4. What does Frick's chairmanship mark?
5. What venture is formed between Tom Miller and Carnegie?
6. Describe American steel companies between 1870 and 1900.
7. What does Carnegie do between 1872 and 1889?
8. Why does Carnegie hire Alexander Holley?
9. What is a second dimension necessary to effect this integration?
10. What happens when Carnegie goes to Scotland?
Write an essay for ONE of the following topics:
Essay Topic 1
Andrew becomes known as Pittsburgh's best telegraph operator.
Part 1) How does he become known as this? What does this reveal about his personality? How are these character traits continually revealed and reinforced throughout this book?
Part 2) How does Andrew benefit from this title? How does his work ethic and natural business sense impact the decisions he makes throughout his life?
Part 3) What can you learn from Andrew? How can you benefit from Andrew's experiences?
Essay Topic 2
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 3
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?
This section contains 1,173 words
(approx. 4 pages at 300 words per page)