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This quiz consists of 5 multiple choice and 5 short answer questions through The Master Builder: A Structure of Steel.

Multiple Choice Questions

1. Carnegie sells _____________ bonds to Junius Morgan in London to complete construction of the Edgar Thomson Works in 1875, and saves 25 percent in costs from the depression.
(a) $4,000.
(b) $4 million.
(c) $400,000.
(d) $40,000.

2. From 1867 through 1872, Andrew Carnegie joins the expansion trend by manipulating what stock to promote $30 million in stocks and bonds in Europe?
(a) Union Pacific and Pennsylvania Railroad.
(b) Pennsylvania Railroad and Western Union.
(c) Woodruff and Western Union.
(d) Western Union and Union Pacific.

3. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?
(a) Customer interest.
(b) Customer movement.
(c) Train movement.
(d) Train repairs.

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

5. Carnegie buys his stock in Pullman selling shares in Central to other stockholders by not using what?
(a) His connections.
(b) Any of his own money.
(c) The money of others.
(d) Manipulation.

Short Answer 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.

2. Margaret Carnegie's sister precedes her move to America and Annie Aitken provides them what?

3. Carnegie's first dividend check for ________ opens a whole new world of receiving cash from capital.

4. In following years Carnegie gets at least ___________ for a net investment of $217.50 until 1870 when he sells out.

5. Andrew begins to see the railroad industry as an opportunity to regain what?

(see the answer key)

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