View a FREE sample

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

Multiple Choice Questions

1. Carnegie meets John Piper in 1856 in order to build _______ bridges, instead of wooden bridges that can be set afire from locomotive sparks and are not cost-effective beyond a certain span and load factor.
(a) Gold.
(b) Bronze.
(c) Steel.
(d) Iron.

2. Railroads need huge amounts of what to construct track and more as they expand?
(a) Capital.
(b) Technological understanding.
(c) Trust.
(d) Equipment.

3. Machines begin taking over production with energy from _____________ independent from windmills and waterwheels.
(a) Wood-burning steam boilers.
(b) Coal-fired steam boilers.
(c) Oil-burning steam boilers.
(d) Electric steam boilers.

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

5. Carnegie buys his stock in Pullman selling shares in Central to other stockholders by not using what?
(a) Any of his own money.
(b) His connections.
(c) The money of others.
(d) Manipulation.

Short Answer Questions

1. The Carnegies stay in their homeland as long as they can until conditions become intolerable in what town?

2. _____________ is the focal point that straddles the east-west route where the Monongahela and Allegheny rivers join at the Ohio River.

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

4. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?

5. What does Andrew dislike about the oil business that seems beyond control of management until the 1880s and Rockefeller?

Short Essay Questions

1. Why do the Carnegies leave Scotland?

2. Describe the Pennsylvania Railroad in 1865.

3. What does Carnegie do in Europe?

4. Give an example of how the size and complexity of a railroad business requires creation of bureaucratic organization, structure, and policy to fit the needs.

5. What are the jobs of the railroad managers?

6. How does industry benefit from Carnegie?

7. How is Carnegie cautious in his investments? How might this help him throughout his career?

8. The partners pledge an investment to be made in installments paid when due or by the company as credit for dividends payable on the whole investment. Give an example of this pledge in action.

9. What does Andrew do from 1867 through 1872?

10. What happens on July 15, 1848?

(see the answer keys)

This section contains 951 words (approx. 4 pages at 300 words per page) View a FREE sample