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This quiz consists of 5 multiple choice and 5 short answer questions through The Apprentice Financier.

Multiple Choice Questions

1. Carnegie's ideas about machines, individual success and the American political system contribute to the development and growth of what?
(a) The digital Economy.
(b) The industrial economy.
(c) The market based economy.
(d) The barter economy.

2. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?
(a) Big business.
(b) No business.
(c) Government-controlled business.
(d) Small business.

3. Carnegie's first installment on his one-eighth interest in Woodruff is $217.50 borrowed from the bank. The balance is paid by dividends in the venture's ________ year.
(a) Fourth.
(b) Second.
(c) First.
(d) Third.

4. Erie and Pennsylvania Railroads each have ________ thousand employees trained into a disciplined workforce.
(a) Ten.
(b) Four.
(c) Thirteen.
(d) Eight.

5. _____________ is the focal point that straddles the east-west route where the Monongahela and Allegheny rivers join at the Ohio River.
(a) Pittsburgh.
(b) Youngstown.
(c) Philadelphia.
(d) Cleveland.

Short Answer Questions

1. Carnegie becomes an expert in Pittsburgh's _____________ business.

2. During the nineteenth century American railroads are financed by bonds with over ____ percent of their earnings used to pay bond interest.

3. This craft has been practiced by half its 11,000 people since when?

4. Andrew's job delivering telegraph messages puts him in touch with whom?

5. Andrew goes to night school in bookkeeping at what age?

(see the answer key)

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