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

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

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

4. Carnegie's ideas about machines, individual success and the American political system contribute to the development and growth of what?
(a) The barter economy.
(b) The digital Economy.
(c) The industrial economy.
(d) The market based economy.

5. 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) Woodruff and Western Union.
(b) Western Union and Union Pacific.
(c) Pennsylvania Railroad and Western Union.
(d) Union Pacific and Pennsylvania Railroad.

Short Answer Questions

1. By the age of __________ Carnegie manages a complex, multi-unit industrial enterprise and capitalizes on knowing the value of money based on what it can earn.

2. Carnegie rises from bobbin boy at __________ per week in 1850 to railroad superintendent at $2,400 per year in 1865.

3. 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.

4. How many people immigrate from the Old to the New World to embed the dream into an image of America far stronger than the success of a few like the Guggenheims and Vanderbilts?

5. Railroads link Pittsburgh to the Atlantic coast and eventually to the Pacific coast, with the _______________ the best of them all.

Short Essay Questions

1. Describe Carnegie's rise in business by 1865.

2. Describe the Pennsylvania Railroad in 1865.

3. What happens on July 15, 1848?

4. How is Pittsburgh important at this time?

5. 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.

6. 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.

7. Describe Carnegie's investment in Keystone Bridge Company.

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

9. What does Carnegie do in Europe?

10. How do family members and friends help immigrants? How is Carnegie's family helped?

(see the answer keys)

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