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

Multiple Choice Questions

1. Small firms operate iron furnaces to smelt ore into _______ iron.
(a) Elephant.
(b) Horse.
(c) Pig.
(d) Bull.

2. Corruption in construction of the Union Pacific Railroad is exposed with what scandal where congressmen get railroad stock to misuse public funds?
(a) The Hatch Act.
(b) Lawyergate.
(c) Newport Scandal.
(d) The Credit Mobilier.

3. The process takes longer than expected, but by 1868 production begins, and expansion is planned in what year?
(a) 1892.
(b) 1872.
(c) 1862.
(d) 1882.

4. What firms are formed and the Gilded Age develops in New York?
(a) Restaurants and fast food chains.
(b) Retail and mercantile.
(c) Technology and communication.
(d) Bank and credit unions.

5. Frick's chairmanship of the Carnegie Company marks a difficult period in its history starting with what strike in 1892 and a four year depression from 1893.
(a) The Homestead Strike.
(b) Postal Worker's Strike.
(c) UPS Workers Strike.
(d) The Pullman Strike.

Short Answer Questions

1. When prosperity returns, the Carnegie business thrives. Does the damage to his personal reputation from the strike ever heal?

2. Specialized merchants control flow of product at every step, which _____________________.

3. The partners want Frick to exercise power without Carnegie. Why?

4. 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.

5. During the nineteenth century American railroads are financed by bonds with over ____ percent of their earnings used to pay bond interest.

(see the answer key)

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