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This quiz consists of 5 multiple choice and 5 short answer questions through Triumph and Tragedy.

Multiple Choice Questions

1. Holley's pre-production estimates and Shinn's voucher system provides Carnegie's Edgar Thomson Works with accurate profitability in its ________ month of operation.
(a) First.
(b) Second.
(c) Fourth.
(d) Third.

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

3. 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.
(a) $4 million.
(b) $400,000.
(c) $4,000.
(d) $40,000.

4. Carnegie becomes an expert in Pittsburgh's _____________ business.
(a) Mining.
(b) Commercial.
(c) Manufacturing.
(d) Financial.

5. In following years Carnegie gets at least ___________ for a net investment of $217.50 until 1870 when he sells out.
(a) $50,000.
(b) $5,000.
(c) $50.
(d) $500.

Short Answer Questions

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

2. Scot Andrew Carnegie became what?

3. The business is _______________ with conductors and station agents collecting millions in small coin revenue.

4. During the nineteenth century American railroads are financed by bonds with over ____ percent of their earnings used to pay bond interest.

5. Carnegie hires the expert ____________ to put the Bessemer program in place and function as its works superintendent.

(see the answer key)

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