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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Carnegie rises from bobbin boy at __________ per week in 1850 to railroad superintendent at $2,400 per year in 1865.
(a) $0.12.
(b) $120.00
(c) $1.20.
(d) $12.00.

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

3. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.
(a) A thousand.
(b) Two hundred thousand.
(c) A million.
(d) Two million.

4. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?
(a) Customer interest.
(b) Train movement.
(c) Customer movement.
(d) Train repairs.

5. 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.
(a) 1882.
(b) 1902.
(c) 1872.
(d) 1892.

Short Answer Questions

1. Carnegie proposes they cooperate rather than bid against each other and suggests what be the joint venture?

2. With whom does Carnegie form Columbia Oil Company?

3. Andrew's job delivering telegraph messages puts him in touch with whom?

4. He leaves his Pittsburgh home and iron business to live in what city?

5. Railroads need huge amounts of what to construct track and more as they expand?

Short Essay Questions

1. How does Carnegie determine he can profit from the boom in telegraphy?

2. What happens within two years of arriving in America?

3. By what is this dream not diminished?

4. Why do the Carnegies leave Scotland?

5. Describe the informal investing triumvirate Carnegie formed with Thomson and Scott.

6. What does Carnegie do when Pacific dividend payments stop?

7. Who is George M. Pullman? How do he and Carnegie become involved in business together?

8. What does Andrew do from 1867 through 1872?

9. What agreement is made between the triumvirate and James L. Shaw?

10. What work do the Carnegies find in America?

(see the answer keys)

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