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

Multiple Choice Questions

1. Phipps takes Carnegie's cost-cutting seriously by having who analyze flue and puddle cinders?
(a) A biologist.
(b) A conservationist.
(c) A physicist.
(d) A chemist.

2. Carnegie acquires _______ of the eight failing rail mills and follows an aggressive policy of price-cutting to anticipate its direction and expand sales.
(a) Five.
(b) Three.
(c) Two.
(d) Four.

3. Carnegie's labor guidelines and Captain Bill's implementation works well until 1889 when what happens to Bill?
(a) He is killed in a blast furnace explosion.
(b) He is injured in a blast furnace explosion.
(c) He is accused of causing a blast furnace explosion.
(d) He causes a blast furnace explosion.

4. Carnegie presents the bonds to the Morgan investment banking house in London in March, 1869, where he sells them to Morgan at what percent?
(a) 85.
(b) 65.
(c) 75.
(d) 55.

5. He follows a policy of putting all his eggs in the same basket and doing what?
(a) Worrying about it.
(b) Forgetting about it.
(c) Watching it.
(d) Ignoring it.

Short Answer Questions

1. Carnegie forces another _____________ partners out until only Schwab survives, while bringing in "young geniuses" who prove their merit on cost sheets.

2. The process takes longer than expected, but by 1868 production begins, and expansion is planned in what year?

3. In 1863, his investments pay $45,460 and by 1868, he receives __________ per year for an investment of $817 that he borrows to make.

4. Conflict continues until it reaches climax on what day, when Carnegie threatens Frick with the Iron Clad to cost Frick at least $10 million?

5. In ___________, Andrew is offered a job by Tom Scott, western division superintendent of the Pennsylvania Railroad, to be his secretary and personal telegrapher.

(see the answer key)

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