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This quiz consists of 5 multiple choice and 5 short answer questions through Carnegie Challenges the World.

Multiple Choice Questions

1. It is _______________ private business firm in the world and is called "the standard railroad of the world."
(a) One of the largest.
(b) The largest.
(c) One of the smallest.
(d) The smallest.

2. Thirteen year-old Andrew sees his father fail while admiring whose determination to rise above it?
(a) His mother's.
(b) His aunt's.
(c) His brother's.
(d) His uncle's.

3. Carnegie's methods in steel concentrate what?
(a) The beginnings of the American steel industry.
(b) The first American industry.
(c) The beginnings of pollution problems.
(d) The first industry in the world.

4. The business is _______________ with conductors and station agents collecting millions in small coin revenue.
(a) Dime and quarter."
(b) Penny and dime."
(c) "Penny and nickel."
(d) "Nickel and dime."

5. Carnegie feels confident enough in 1870 to do what?
(a) Expand the business.
(b) Sell the business.
(c) Make large changes in the business.
(d) Buy new businesses.

Short Answer Questions

1. Carnegie presents the bonds to the Morgan investment banking house in London in March, 1869, where he sells them to Morgan at what percent?

2. The size and complexity of a railroad business requires creation of bureaucratic organization, structure, and what else?

3. Carnegie contributes __________ of the partnership total $741,000 in original capital to the firm he names "Carnegie, McCandless and Company" and names the mill "Edgar Thomson Works" (ET) for the first president of Pennsylvania Railroad.

4. What problems does this steel company have?

5. When Carnegie decides what furnace is more effective, he orders six more to be built immediately.

(see the answer key)

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