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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. 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) 75.
(b) 55.
(c) 65.
(d) 85.

2. What characterizes America?
(a) The "American pride."
(b) The "American willpower."
(c) The "American dream."
(d) The "American car."

3. Carnegie, acting under Scott-Thomson proxies, now owns how much of Pacific and Atlantic for the start-up Keystone Telegraph?
(a) One third.
(b) One half.
(c) One eighth.
(d) One fourth.

4. 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 Carnegie Car Company."
(d) "The Pullman Palace Car Company."

5. Thirteen year-old Andrew sees his father fail while admiring whose determination to rise above it?
(a) His uncle's.
(b) His mother's.
(c) His aunt's.
(d) His brother's.

6. In ___________, Andrew is offered a job by Tom Scott, western division superintendent of the Pennsylvania Railroad, to be his secretary and personal telegrapher.
(a) 1868.
(b) 1858.
(c) 1862.
(d) 1852.

7. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?
(a) Organizational skills.
(b) Sales skills.
(c) Railroad technology skills.
(d) Railroad management skills.

8. Pennsylvania Railroad buys from the Woodruff venture and offers what when borrowing?
(a) The credibility of a "strong corporation."
(b) A discount on shipping.
(c) A great deal of collateral.
(d) The credibility of a "big corporation."

9. Who is Cuban Roberto Goizuetta?
(a) The deceased president of Liz Claiborne.
(b) The deceased chairman of Applebee's.
(c) The deceased chairman of Coca-Cola.
(d) The deceased CEO of Intel.

10. By ________, the Pennsylvania Railroad runs 3,500 miles of track with 30,000 employees and $61 million invested.
(a) 1875.
(b) 1870.
(c) 1860.
(d) 1865.

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

12. From 1867 through 1872, Andrew Carnegie joins the expansion trend by manipulating what stock to promote $30 million in stocks and bonds in Europe?
(a) Western Union and Union Pacific.
(b) Union Pacific and Pennsylvania Railroad.
(c) Woodruff and Western Union.
(d) Pennsylvania Railroad and Western Union.

13. The business is _______________ with conductors and station agents collecting millions in small coin revenue.
(a) "Nickel and dime."
(b) "Penny and nickel."
(c) Dime and quarter."
(d) Penny and dime."

14. The size and complexity of a railroad business requires creation of bureaucratic organization, structure, and what else?
(a) A hiring process.
(b) Benefits for workers.
(c) Policy to fit the needs.
(d) A union.

15. He leaves his Pittsburgh home and iron business to live in what city?
(a) Los Angeles.
(b) Boston.
(c) New York City.
(d) Detroit.

Short Answer Questions

1. Who is the cornerstone of Carnegie's fortune, followed in 1861 by Columbia Oil?

2. 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.

3. Carnegie's ideas about machines, individual success and the American political system contribute to the development and growth of what?

4. 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.

5. When his father dies in 1855, Andrew calls him what?

(see the answer keys)

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