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This quiz consists of 5 multiple choice and 5 short answer questions through The Master Moneyman: A Fortune in Paper.

Multiple Choice Questions

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

2. With whom does Carnegie form Columbia Oil Company?
(a) Wallece Coleman.
(b) Willard Coleman.
(c) William Coleman.
(d) Wilson Coleman.

3. Who was the founder of Intel and Liz Claibourne?
(a) Cuban Roberto Goizuetta.
(b) Hungarian Andy Grove.
(c) American Cuba Gooding, Jr.
(d) Indian Pooja Patel.

4. Who is the cornerstone of Carnegie's fortune, followed in 1861 by Columbia Oil?
(a) Pullman.
(b) Pennsylvania Railroad.
(c) Coleman.
(d) Woodruff.

5. Success is due to the first president, ________________, and the superintendent of the western division, Tom Scott, who brings Andrew Carnegie into the modern system of train control.
(a) J. Edgar Johnson.
(b) J. Edgar Hoover.
(c) J. Edgar Thomson.
(d) J. Edgar Smith.

Short Answer Questions

1. Pennsylvania Railroad buys from the Woodruff venture and offers what when borrowing?

2. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.

3. Business transactions at the time take place over what type of communication?

4. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?

5. He forms an informal investing ____________ with Thomson and Scott.

(see the answer key)

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