1. He leaves his Pittsburgh home and iron business to live in what city?
(a) New York City.
(b) Detroit.
(c) Boston.
(d) Los Angeles.

2. Carnegie's first dividend check for ________ opens a whole new world of receiving cash from capital.
(a) $80.
(b) $20.
(c) $10.
(d) $40.

3. Will is unable to catch on to new opportunities and reverts back to weaving and selling his wares on the street, which does what?
(a) Provides a significant income for his family.
(b) Destroys his self-confidence and shames his family.
(c) Builds his self-confidence and brings pride to his family.
(d) Brings him more work than when he had his factory job.

4. When the state legislature creates a limited partnership in ____________, Carnegie, McCandless immediately restructures into the Edgar Thomson Steel Company, Limited.
(a) 1876.
(b) 1878.
(c) 1874.
(d) 1880.

5. Their town is at one time known as the most radical in the kingdom, as a result of the influence of ______________ who demand concessions from Parliament, primarily political equality.
(a) The Chartists.
(b) World Socialist Movement.
(c) The Committee for a Workers' International.
(d) GRAPO.

Short Answer Questions

1. Tom Miller is a _________ man who forms joint ventures with Carnegie in several small investments. They form Freedom Iron Company of Lewiston Pennsylvania in 1861 that Carnegie restructures into Freedom Iron and Steel to retool for the Bessemer process in 1866.

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

3. Frick shares Carnegie's vision and drive but is self-righteous and lacks what?

4. Scot Andrew Carnegie became what?

5. Carnegie feels confident enough in 1870 to do what?

(see the answer key)

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