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. Bank failures destroy personal savings, social safety nets are nonexistent and workers retreat to the family farm or where?
(a) The coasts.
(b) Canada.
(c) The mother country.
(d) The city.

2. 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.
(a) $2.5 million.
(b) $25,000.
(c) $250,000.
(d) $2,500.

3. When prosperity returns, the Carnegie business thrives. Does the damage to his personal reputation from the strike ever heal?
(a) Partially.
(b) Yes.
(c) No.
(d) Mostly.

4. Small firms operate iron furnaces to smelt ore into _______ iron.
(a) Pig.
(b) Bull.
(c) Horse.
(d) Elephant.

5. Carnegie hires Captain Bill Jones to raid whose staff where they worked together before its strike to run ET?
(a) Cambria pines'.
(b) Cambria mill's.
(c) Cambria heights'.
(d) Cambria font's.

Short Answer Questions

1. Frick shares Carnegie's vision and drive but is self-righteous and lacks what?

2. Holley's pre-production estimates and Shinn's voucher system provides Carnegie's Edgar Thomson Works with accurate profitability in its ________ month of operation.

3. Carnegie acquires _______ of the eight failing rail mills and follows an aggressive policy of price-cutting to anticipate its direction and expand sales.

4. Along with Shinn, they put together an effective team based on Carnegie's systematic analysis of personnel to provide performance incentives that raise __________ men through ranks to share ownership.

5. Who rescues Merritt's Mesabi Range from bankruptcy?

Short Essay Questions

1. Describe Duqesne Steel.

2. Why does Carnegie hire Alexander Holley?

3. Describe Carnegie's replacement of equipment.

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

5. Describe the firm and the new mill.

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

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

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

9. Describe the deficiency that Carnegie corrected by integrating Keystone Bridge and Union Iron?

10. Carnegie's interest and insistence on cost-cutting leads him into more complex areas of manufacturing detail composition and chemistry. Give an example of this.

(see the answer keys)

This section contains 1,088 words (approx. 4 pages at 300 words per page) View a FREE sample