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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) Small government.
(b) No government.
(c) An inactive government.
(d) An active interventionist role for government.

2. The industrial economy is crippled with some __________________ firms failing over six years.
(a) 120.
(b) 1,200.
(c) 12,000.
(d) 5,000.

3. The Cyclops and Union Mills merger reduces time and labor cost of moving material and eliminates middlemen by _________ integration.
(a) Repetitive.
(b) Horizontal.
(c) Vertical.
(d) Circular.

4. 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) Brings him more work than when he had his factory job.
(b) Provides a significant income for his family.
(c) Builds his self-confidence and brings pride to his family.
(d) Destroys his self-confidence and shames his family.

5. Andrew needs a strong leader to manage growth after what happens to his brother Tom?
(a) He retires.
(b) He dies.
(c) He becomes ill.
(d) He moves.

Short Answer Questions

1. This craft has been practiced by half its 11,000 people since when?

2. Managerial skill level reached over ______________ years exceeds that of the prior five centuries.

3. Andrew goes to night school in bookkeeping at what age?

4. Andrew Carnegie's last bond financing sale comes in July, _______ when he sells $6 million in bonds to Sulzbach Brothers, who buy bonds reluctantly, with Carnegie's encouragement.

5. At the age of ___________ Carnegie finds a wife for his home, a business successor and considers retirement.

(see the answer key)

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