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

Multiple Choice Questions

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

2. Frick's first acquisition is _____________, which is the most modern steel mill and keeps the Carnegie Company at the forefront.
(a) Factory Steel.
(b) NESSteel.
(c) U.S. Steel.
(d) Duquesne Steel.

3. After this steel company's acquisition for _____ million bonds, Frick restructures all the related companies with Carnegie Steel Company, Limited taking over assets of Carnegie Brothers and Carnegie Phipps with a $25 million capital base, distributing to Carnegie 55 percent, Frick and Phipps both 11 percent each, 1 percent each to nineteen partners and 4 percent reserve for key staff.
(a) $2.
(b) $1.
(c) $3.
(d) $4.

4. Carnegie corrects this deficiency by integrating _______________________.
(a) Pullman and Woodruff.
(b) Sun Oil and US Oil.
(c) Pennsylvania Railroad with Pacific Union.
(d) Keystone Bridge and Union Iron.

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

Short Answer Questions

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

2. Whose pioneering skills in management are codified in his "Book of Rules and the Employees' Timetable?"

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

4. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?

5. Carnegie feels confident enough in 1870 to do what?

(see the answer key)

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