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This quiz consists of 5 multiple choice and 5 short answer questions through Triumph and Tragedy.

Multiple Choice Questions

1. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?
(a) Railroad technology skills.
(b) Organizational skills.
(c) Railroad management skills.
(d) Sales skills.

2. During the nineteenth century American railroads are financed by bonds with over ____ percent of their earnings used to pay bond interest.
(a) 20.
(b) 30.
(c) 50.
(d) 40.

3. By ________, the Pennsylvania Railroad runs 3,500 miles of track with 30,000 employees and $61 million invested.
(a) 1860.
(b) 1875.
(c) 1865.
(d) 1870.

4. The business is _______________ with conductors and station agents collecting millions in small coin revenue.
(a) "Penny and nickel."
(b) Penny and dime."
(c) Dime and quarter."
(d) "Nickel and dime."

5. Carnegie relies on what system implemented by Thomson and Scott at the railroad to transfer and adapt it to industry?
(a) The McCallum.
(b) The McAllister.
(c) The McDonald.
(d) The McMillan.

Short Answer Questions

1. Americans in the North have how many years of peace and prosperity as they begin to exploit American markets?

2. Historically, management of the Carnegie companies resulted in _____ labor difficulties before the Homestead strike.

3. Carnegie forms an enterprise to manufacture Bessemer steel as he changes from ________________.

4. The process takes longer than expected, but by 1868 production begins, and expansion is planned in what year?

5. Carnegie's labor guidelines and Captain Bill's implementation works well until 1889 when what happens to Bill?

(see the answer key)

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