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This quiz consists of 5 multiple choice and 5 short answer questions through The Climb Ends.

Multiple Choice Questions

1. One of the country's largest banking houses Jay Cooke's collapses, credit structures tumble and _____________ businesses fail in a year.
(a) 50,000.
(b) 500.
(c) 5,000.
(d) 1,000.

2. When prosperity returns, the Carnegie business thrives. Does the damage to his personal reputation from the strike ever heal?
(a) Yes.
(b) Partially.
(c) No.
(d) Mostly.

3. In 1849 when he takes the job, Carnegie is at the beginning of a period when capital, manpower and technology in the United States transitions from __________________.
(a) A new industrial world to an old agricultural world.
(b) An old industrial to a new agricultural world.
(c) An old agricultural to a new industrial world.
(d) An old hunter and gatherer society to a new agricultural world.

4. Other operating benefits like reduced inventory and less machine duplication create cost savings to enable __________________at a market-competitive rate.
(a) Reduced prices and reduced profitability.
(b) Increased prices and increased profitability.
(c) Reduced prices and increased profitability.
(d) Increased prices and reduced profitability.

5. With whom does Carnegie form Columbia Oil Company?
(a) William Coleman.
(b) Wilson Coleman.
(c) Wallece Coleman.
(d) Willard Coleman.

Short Answer Questions

1. In __________, Carnegie has the most modern operation.

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

3. He installs a blast furnace called________ in 1872 to produce 13.361 tons initially and eventually over 100,000 tons annually by maximizing output.

4. Margaret Carnegie's sister precedes her move to America and Annie Aitken provides them what?

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

(see the answer key)

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