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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. 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) Steel.
(b) Iron.
(c) Gold.
(d) Bronze.

2. When dividend payments stop, Carnegie plans a ________ exit to maximize Pacific's price by speculation that lets the triumvirate cash out and leave the remaining Pacific stockholders to drown.
(a) Two-step.
(b) Three-step.
(c) Five-step.
(d) Four-step.

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

4. Carnegie corrects this deficiency by integrating _______________________.
(a) Keystone Bridge and Union Iron.
(b) Sun Oil and US Oil.
(c) Pennsylvania Railroad with Pacific Union.
(d) Pullman and Woodruff.

5. Carnegie forces another _____________ partners out until only Schwab survives, while bringing in "young geniuses" who prove their merit on cost sheets.
(a) Thirteen.
(b) Nine.
(c) Eleven.
(d) Fifteen.

Short Answer Questions

1. By 1892, Carnegie is in ______________ and leaves labor issues to Frick.

2. Carnegie sells _____________ bonds to Junius Morgan in London to complete construction of the Edgar Thomson Works in 1875, and saves 25 percent in costs from the depression.

3. However, by 1881, a competitor Homestead has the most modern equipment, but is plagued by what problems for two years?

4. This approach introduces ______________ into pricing and a methodology for investment planning.

5. Scott and Thomson hold stock in Carnegie's name for what reason?

(see the answer key)

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