View a FREE sample

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

Multiple Choice Questions

1. Carnegie proposes they cooperate rather than bid against each other and suggests what be the joint venture?
(a) "The Pullman Sleeper Car Company."
(b) "The Pullman-Carnegie Car Company."
(c) "The Pullman Palace Car Company."
(d) "The Carnegie Car Company."

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) Three-step.
(b) Four-step.
(c) Two-step.
(d) Five-step.

3. However, by 1881, a competitor Homestead has the most modern equipment, but is plagued by what problems for two years?
(a) Labor.
(b) Management.
(c) Organizational.
(d) Financial.

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

5. Historically, management of the Carnegie companies resulted in _____ labor difficulties before the Homestead strike.
(a) Many.
(b) Few.
(c) Quite a few.
(d) Hundreds of.

Short Answer Questions

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

2. He follows a policy of putting all his eggs in the same basket and doing what?

3. Within _______ years of arriving in America, the Carnegies recoup their fortune through the help of their friends, relatives, and countrymen in America and earn more income that they ever received in Scotland.

4. Beginning in 1872, Carnegie focuses on the single project of his steel-rail rolling mill that is completed in _________.

5. The partners want Frick to exercise power without Carnegie. Why?

(see the answer key)

This section contains 271 words (approx. 1 page at 300 words per page) View a FREE sample