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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 works ___________ years at the Pennsylvania Railroad while he develops managerial skill, economic principles and personal relationships to become a successful manager, capitalist and entrepreneur.
(a) Twelve.
(b) Eighteen.
(c) Sixteen.
(d) Fourteen.

2. Specialized merchants control flow of product at every step, which _____________________.
(a) Increases costs and increases materials flow.
(b) Slows costs and increases materials flow.
(c) Slows costs and slows materials flow.
(d) Increases costs and slows materials flow.

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

4. He installs a blast furnace called________ in 1872 to produce 13.361 tons initially and eventually over 100,000 tons annually by maximizing output.
(a) "Lucy."
(b) "Larry."
(c) "Luke."
(d) "Lenny."

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

Short Answer Questions

1. Carnegie relies on what system implemented by Thomson and Scott at the railroad to transfer and adapt it to industry?

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

3. By ________, the Pennsylvania Railroad runs 3,500 miles of track with 30,000 employees and $61 million invested.

4. Erie and Pennsylvania Railroads each have ________ thousand employees trained into a disciplined workforce.

5. Corruption in construction of the Union Pacific Railroad is exposed with what scandal where congressmen get railroad stock to misuse public funds?

(see the answer key)

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