|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions and 1 (of 3) essay topics.
Short Answer Questions
1. Tom Miller is a _________ man who forms joint ventures with Carnegie in several small investments. They form Freedom Iron Company of Lewiston Pennsylvania in 1861 that Carnegie restructures into Freedom Iron and Steel to retool for the Bessemer process in 1866.
2. From 1872 through ________, Carnegie builds an integrated industrial business to become the best-known manufacturer in the world, publishes three books, travels around the world, and becomes a philanthropist with the express intent to give away his fortune.
3. A second dimension necessary to effect this integration is the implementation of what system?
4. Carnegie pressures management and Frick resigns again. Is his resignation accepted?
5. William Coleman also shares Carnegie's interest and enthusiasm in what?
Essay Topic 1
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?
Essay Topic 2
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 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 2,364 words
(approx. 8 pages at 300 words per page)