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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. William Coleman also shares Carnegie's interest and enthusiasm in what?
(a) Oil.
(b) Technology.
(c) Retail.
(d) Steel.

2. When Carnegie decides what furnace is more effective, he orders six more to be built immediately.
(a) A reverse-cycle system.
(b) A central warm-Air furnace.
(c) An open-hearth.
(d) A steam or hot-water system.

3. By 1892, Carnegie is in ______________ and leaves labor issues to Frick.
(a) England.
(b) Scotland.
(c) Wales.
(d) Ireland.

4. At thirty, Frick is a millionaire with _______ thousand coke ovens and three thousand acres of land.
(a) One.
(b) Three.
(c) Four.
(d) Two.

5. One of the country's largest banking houses Jay Cooke's collapses, credit structures tumble and _____________ businesses fail in a year.
(a) 500.
(b) 50,000.
(c) 5,000.
(d) 1,000.

Short Answer Questions

1. The industrial economy is crippled with some __________________ firms failing over six years.

2. The partners want Frick to exercise power without Carnegie. Why?

3. Carnegie feels confident enough in 1870 to do what?

4. Carnegie contributes __________ of the partnership total $741,000 in original capital to the firm he names "Carnegie, McCandless and Company" and names the mill "Edgar Thomson Works" (ET) for the first president of Pennsylvania Railroad.

5. Frick's first acquisition is _____________, which is the most modern steel mill and keeps the Carnegie Company at the forefront.

Short Essay Questions

1. Describe Captain Bill Jones' management of labor.

2. What causes the 1893 depression? What does Carnegie do at this time?

3. Describe American steel companies between 1870 and 1900.

4. What venture is formed between Tom Miller and Carnegie?

5. What is a second dimension necessary to effect this integration?

6. Who is Homestead? How does Carnegie deal with Homestead?

7. Describe the seven years of peace and prosperity in the North.

8. What are the benefits of the Cyclops and Union Mills merger?

9. Describe the economic collapse. How are Carnegie and others affected by it?

10. What does Schwab do for the business?

(see the answer keys)

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