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

Multiple Choice Questions

1. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.
(a) $3 billion.
(b) $3.4 milion.
(c) $34,000.
(d) $334 million.

2. Americans in the North have how many years of peace and prosperity as they begin to exploit American markets?
(a) Nine.
(b) Seven.
(c) Ten.
(d) Eight.

3. Captain Bill Jones claims success in managing labor by doing what?
(a) Firing the instigators in the crew.
(b) Keeping crews "judiciously mixed."
(c) Keeping crews "judiciously separated."
(d) Raising the crews' salaries.

4. What railroad focuses capital investments that either increase revenue or reduce unit cost to justify them?
(a) BNSF.
(b) Union Pacific.
(c) CSX.
(d) Pennsylvania.

5. Whose pioneering skills in management are codified in his "Book of Rules and the Employees' Timetable?"
(a) Duane McMahon's.
(b) Darrel McAllister's.
(c) David McClure's.
(d) Daniel McCallum's.

Short Answer Questions

1. What firms are formed and the Gilded Age develops in New York?

2. Railroads need huge amounts of what to construct track and more as they expand?

3. Cost information enables cost-cutting per unit by __________________________ at the same output level.

4. Frick's first acquisition is _____________, which is the most modern steel mill and keeps the Carnegie Company at the forefront.

5. Only how many of the original nine partners remain?

(see the answer key)

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