Final Test - Hard
|Name: _____________________________||Period: ___________________________|
This quiz 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?
Andrew Carnegie emigrated from Scotland.
Part 1) When and why did he emigrate from Scotland? Describe his life upon arriving in the U.S. How did it compare to the lives of other immigrants?
Part 2) How did his family adjust to life in America? How did this affect Andrew? When did he get the opportunity for advancement? How was this a case of being in the right place at the right time?
Part 3) What might it be like to be an immigrant today? Might it be easier or harder to adjust to American life? Explain.
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.
J.P. Morgan purchases the Carnegie company.
Part 1) Describe the purchasing of the Carnegie Company by J.P. Morgan. What challenges and disputes lead up to this purchase? What do these problems reveal about Carnegie, Frick, and others?
Part 2) Does Carnegie make the right decision by selling the company to J.P. Morgan? Why or why not? The new company, U.S. Steel, prints $300 million worth of bonds for Carnegie. Why does he never see these? What does this reveal about him?
Part 3) J.P. Morgan congratulates Carnegie on being "the riches man in the world!" What do you think Carnegie thought of this? Use the text to support your response.
This section contains 419 words
(approx. 2 pages at 300 words per page)