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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. When the state legislature creates a limited partnership in ____________, Carnegie, McCandless immediately restructures into the Edgar Thomson Steel Company, Limited.
(a) 1878.
(b) 1876.
(c) 1874.
(d) 1880.

2. He follows a policy of putting all his eggs in the same basket and doing what?
(a) Watching it.
(b) Ignoring it.
(c) Worrying about it.
(d) Forgetting about it.

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

4. By ________, the Pennsylvania Railroad runs 3,500 miles of track with 30,000 employees and $61 million invested.
(a) 1865.
(b) 1860.
(c) 1875.
(d) 1870.

5. The triumvirate agrees to sell at once for what reason?
(a) Since it has no dollar investment in the transaction.
(b) There are no better offers.
(c) They want to get rid of shares.
(d) It is the most logical plan.

Short Answer Questions

1. Carnegie meets railroad's ____________ and initiates control of division operations when needed.

2. In 1856, Scott advises him to buy what company as his first stock investment?

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

4. 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.

5. James L. Shaw of the Pacific and Atlantic Telegraph Company offers to buy how many shares of Keystone at three times its value, or $150,000?

(see the answer key)

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