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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 ______________ run the trains, maintain rolling stock and track, price and collect charges for service on passenger and freight trains running in both directions to meet demand.
(a) Executives.
(b) Managers.
(c) Stockholders.
(d) Employees.

2. 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) $3.
(c) $4.
(d) $1.

3. Success is due to the first president, ________________, and the superintendent of the western division, Tom Scott, who brings Andrew Carnegie into the modern system of train control.
(a) J. Edgar Thomson.
(b) J. Edgar Smith.
(c) J. Edgar Johnson.
(d) J. Edgar Hoover.

4. Carnegie meets railroad's ____________ and initiates control of division operations when needed.
(a) Critics.
(b) Customers.
(c) Managers.
(d) Executives.

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

Short Answer Questions

1. The Cyclops and Union Mills merger reduces time and labor cost of moving material and eliminates middlemen by _________ integration.

2. 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.

3. Small firms operate iron furnaces to smelt ore into _______ iron.

4. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?

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

(see the answer key)

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