Andrew Carnegie and the Rise of Big Business Quiz

Harold C. Livesay
This Study Guide consists of approximately 40 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Andrew Carnegie and the Rise of Big Business.

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Directions: Click on the correct answer.

Questions 1-5 of 25:

1.

Carnegie's first installment on his one-eighth interest in Woodruff is $217.50 borrowed from the bank. The balance is paid by dividends in the venture's ________ year. (from The Apprentice Financier)

2.

Carnegie suspects an unknown buyer and the need for time, so he demands $2 million cash as an option payment to do what? (from The Climb Ends)

3.

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. (from The Master Builder: A Foundation of Iron)

4.

Cost information enables cost-cutting per unit by __________________________ at the same output level. (from The Master Builder: A Foundation of Iron)

5.

The process takes longer than expected, but by 1868 production begins, and expansion is planned in what year? (from The Master Builder: A Foundation of Iron)

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