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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 industrial economy.
(b) The market based economy.
(c) The barter economy.
(d) The digital Economy.

2. Carnegie meets John Piper in 1856 in order to build _______ bridges, instead of wooden bridges that can be set afire from locomotive sparks and are not cost-effective beyond a certain span and load factor.
(a) Iron.
(b) Gold.
(c) Bronze.
(d) Steel.

3. Railroads need huge amounts of what to construct track and more as they expand?
(a) Trust.
(b) Capital.
(c) Technological understanding.
(d) Equipment.

4. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?
(a) Railroad management skills.
(b) Organizational skills.
(c) Sales skills.
(d) Railroad technology skills.

5. When his father dies in 1855, Andrew calls him what?
(a) An embarrassment.
(b) A man of the world.
(c) A man not of the world.
(d) A loser.

Short Answer Questions

1. Machines begin taking over production with energy from _____________ independent from windmills and waterwheels.

2. Except for Tom, the youngest who is in school, Will and Margaret go to work by weaving and shoe-binding, and Andrew as what in a textile mill?

3. It is _______________ private business firm in the world and is called "the standard railroad of the world."

4. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.

5. In 1849 when he takes the job, Carnegie is at the beginning of a period when capital, manpower and technology in the United States transitions from __________________.

(see the answer key)

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