Andrew Carnegie and the Rise of Big Business Test | Final Test - Hard

Harold C. Livesay
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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Other operating benefits like reduced inventory and less machine duplication create cost savings to enable __________________at a market-competitive rate.

2. Carnegie's insistence on knowing the costs continues for his _______________ years in the steel business.

3. Carnegie organizes a partnership with business associates and colleagues that are confident of his success to do what?

4. Holley's pre-production estimates and Shinn's voucher system provides Carnegie's Edgar Thomson Works with accurate profitability in its ________ month of operation.

5. The 1893 depression is caused by what?

Short Essay Questions

1. How does Carnegie benefit from cutting costs?

2. Why does Carnegie hire Alexander Holley?

3. Describe the firm and the new mill.

4. Carnegie's interest and insistence on cost-cutting leads him into more complex areas of manufacturing detail composition and chemistry. Give an example of this.

5. Describe Carnegie's replacement of equipment.

6. What does Frick's chairmanship mark?

7. What is a second dimension necessary to effect this integration?

8. What does Schwab do for the business?

9. Who is Homestead? How does Carnegie deal with Homestead?

10. What are the benefits of the Cyclops and Union Mills merger?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

After Carnegie's apprenticeship ends at the Pennsylvania Railroad, he is ready to move on.

Part 1) Why does he decide it is time to move on? Is this a good decision? Why or why not? To where does he move on? Why?

Part 2) How does this move change his life? Do you believe he would have been successful if he had stayed at the Pennsylvania Railroad? Why or why not?

Part 3 ) Describe a time when you have realized it was time for a change. How did you know? How did you go about this change? What were the end results?

Essay Topic 2

The "American dream" characterizes America.

Part 1) What is the "American dream?" How does it characterize America? How did this dream come to be? How did this dream affect immigration into the United States? How does it affect immigration into our country today?

Part 2) How was Andrew Carnegie affected by this dream? What role did this dream play in his rise in power and Carnegie's being the richest man in the world?

Part 3) How are you affected by the "American dream?" How do you see this "dream" in your own community and in the U.S. as a whole? Do you believe it is as strong as it was over one hundred years ago? Why or why not?

Essay Topic 3

Frick shares Carnegie's vision and drive but lacks a sense of humor and is self-righteous.

Part 1) Describe Henry Frick. What is the relationship between Frick and Carnegie? How does this relationship develop? How are both men affected by this relationship?

Part 2) What are the benefits and detriments of Frick to the Carnegie Company? In the end, do you believe Frick was a benefit or a detriment to Carnegie? Why?

Part 3) How does Frick allow his power to go to his head? How does this affect the decisions he makes about the Carnegie Company? Describe someone you know who has allowed power to adversely affect him or her. How can this be avoided? What is required in one's personality to avoid this egotism?

(see the answer keys)

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