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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. This old craft is destroyed in _______ years, along with Will Carnegie's job and his town's main source of income.
(a) Ten.
(b) Twenty.
(c) Eight.
(d) Eighteen.

2. Phipps buys flue-cinder at fifty cents a ton and sells puddle-cinder at ________ per ton to improve Lucy furnace product and save money.
(a) $1.50.
(b) $3.50.
(c) $0.50.
(d) $2.50.

3. Carnegie, acting under Scott-Thomson proxies, now owns how much of Pacific and Atlantic for the start-up Keystone Telegraph?
(a) One third.
(b) One fourth.
(c) One eighth.
(d) One half.

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

5. Scott and Thomson like the Woodruff Sleeping Car Company that owns patents in 1858 but lacks what?
(a) Intelligence.
(b) The courage and business sense to develop them.
(c) Financial backing.
(d) Understanding of this business.

Short Answer Questions

1. Coleman wants to raise the price of oil by doing what?

2. One of the country's largest banking houses Jay Cooke's collapses, credit structures tumble and _____________ businesses fail in a year.

3. Scot Andrew Carnegie became what?

4. Phipps takes Carnegie's cost-cutting seriously by having who analyze flue and puddle cinders?

5. Their deal demonstrates the power of what?

(see the answer key)

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