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

Multiple Choice Questions

1. American capitalism and democracy conflict in the fear that economic justice requires what?
(a) No government.
(b) An inactive government.
(c) An active interventionist role for government.
(d) Small government.

2. From 1872 through ________, Carnegie builds an integrated industrial business to become the best-known manufacturer in the world, publishes three books, travels around the world, and becomes a philanthropist with the express intent to give away his fortune.
(a) 1879.
(b) 1909.
(c) 1899.
(d) 1889.

3. Andrew's job delivering telegraph messages puts him in touch with whom?
(a) Business producers on their way to national prominence.
(b) Many irate individuals.
(c) People of varying races.
(d) The President of the United States.

4. After this steel company's acquisition for _____ million bonds, Frick restructures all the related companies with Carnegie Steel Company, Limited taking over assets of Carnegie Brothers and Carnegie Phipps with a $25 million capital base, distributing to Carnegie 55 percent, Frick and Phipps both 11 percent each, 1 percent each to nineteen partners and 4 percent reserve for key staff.
(a) $2.
(b) $4.
(c) $3.
(d) $1.

5. Railroad ______________ run the trains, maintain rolling stock and track, price and collect charges for service on passenger and freight trains running in both directions to meet demand.
(a) Managers.
(b) Employees.
(c) Stockholders.
(d) Executives.

Short Answer Questions

1. Rich and poor are impacted when even Tom Scott faces ruin and disgrace from Texas Pacific Railroad default unless what happens?

2. Andrew needs a strong leader to manage growth after what happens to his brother Tom?

3. Carnegie's labor guidelines and Captain Bill's implementation works well until 1889 when what happens to Bill?

4. In following years Carnegie gets at least ___________ for a net investment of $217.50 until 1870 when he sells out.

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

(see the answer key)

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