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

Multiple Choice Questions

1. Scott and Thomson like the Woodruff Sleeping Car Company that owns patents in 1858 but lacks what?
(a) Understanding of this business.
(b) The courage and business sense to develop them.
(c) Intelligence.
(d) Financial backing.

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

3. Andrew Carnegie becomes known as the city's best _____________.
(a) Politician.
(b) Operator.
(c) Student.
(d) Leader.

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

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

6. It is _______________ private business firm in the world and is called "the standard railroad of the world."
(a) One of the smallest.
(b) One of the largest.
(c) The smallest.
(d) The largest.

7. What is the town's industry in 1835?
(a) Hand weaving.
(b) Knitting.
(c) Silk weaving.
(d) Basket weaving.

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

9. A new competitor, ________________ , decides a lavishly decorated "rolling palace" may have an edge, and by 1867 he has forty-eight in service.
(a) Gary M. Pullman.
(b) George M. Pullman.
(c) Gerold M. Pullman.
(d) Geoff M. Pullman.

10. In 1856, Scott advises him to buy what company as his first stock investment?
(a) Adams Express Company.
(b) Amos Express Company.
(c) Anthony Express Company.
(d) Aaron Express Company.

11. Although Andrew dislikes the tedium, smells and hours, he works in another textile mill until what?
(a) He gets injured.
(b) He gets a college scholarship.
(c) He gets promoted to a management position.
(d) He gets an office opportunity in accounting.

12. Carnegie is cautious in his investments by limiting them to what?
(a) Small firms.
(b) Firms he knows about that are related to the Pennsylvania Railroad.
(c) Firms he has studied for several months.
(d) Firms his friends suggest.

13. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.
(a) $3.4 milion.
(b) $34,000.
(c) $334 million.
(d) $3 billion.

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

15. Margaret Carnegie's sister precedes her move to America and Annie Aitken provides them what?
(a) Employment.
(b) Food.
(c) Rent-free housing.
(d) Low-rent housing.

Short Answer Questions

1. Seeds of ambivalence develop within Andrew to appreciate what ideas?

2. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.

3. Why does Pullman gives Carnegie enough Pennsylvania stock to collateralize a $600,000 loan?

4. Carnegie's first installment on his one-eighth interest in Woodruff is $217.50 borrowed from the bank. The balance is paid by dividends in the venture's ________ year.

5. Previously Margaret Carnegie's sisters, Annie Aitken and Kitty Hogan immigrate in __________, and write of good and bad times there.

(see the answer keys)

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