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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. He installs a blast furnace called________ in 1872 to produce 13.361 tons initially and eventually over 100,000 tons annually by maximizing output.
(a) "Lenny."
(b) "Lucy."
(c) "Larry."
(d) "Luke."

2. Andrew needs a strong leader to manage growth after what happens to his brother Tom?
(a) He becomes ill.
(b) He dies.
(c) He retires.
(d) He moves.

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) First.
(b) Fourth.
(c) Third.
(d) Second.

4. Machines begin taking over production with energy from _____________ independent from windmills and waterwheels.
(a) Oil-burning steam boilers.
(b) Coal-fired steam boilers.
(c) Electric steam boilers.
(d) Wood-burning steam boilers.

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

Short Answer Questions

1. A new competitor, ________________ , decides a lavishly decorated "rolling palace" may have an edge, and by 1867 he has forty-eight in service.

2. By the age of __________ Carnegie manages a complex, multi-unit industrial enterprise and capitalizes on knowing the value of money based on what it can earn.

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

4. Historically, management of the Carnegie companies resulted in _____ labor difficulties before the Homestead strike.

5. Carnegie and his triumvirate get a franchise from Pennsylvania Railroad with the benefits of existing poles and franchising from Trenton through to what?

(see the answer key)

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