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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. The mill site is strategically situated _______________ where the Pennsylvania, Baltimore and Ohio railroad and river transportation system is readily available, nearby the coal fields.
(a) At the Potomac.
(b) At the Allegheny.
(c) At the Monongahela.
(d) At the Ohio River.

2. As mills become more efficient, the need for raw material continues with deposits from _______________________.
(a) New York, Pennsylvania, and Maryland.
(b) Michigan, Wisconsin and Minnesota.
(c) Indiana, Kentucky, and Illinois.
(d) Alabama, Alaska, and Arizona.

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

4. Carnegie's pace of ___________ replacement needs continuous reinvestment of profits to the exclusion of significant dividend payments.
(a) Equipment.
(b) Policy.
(c) Employee.
(d) Management.

5. Frick's first acquisition is _____________, which is the most modern steel mill and keeps the Carnegie Company at the forefront.
(a) NESSteel.
(b) Duquesne Steel.
(c) Factory Steel.
(d) U.S. Steel.

Short Answer Questions

1. The 1878 Thomas process of lime-lining the heating vessel to eliminate phosphorous is acquired by Carnegie and sold to who two years later?

2. When prosperity returns, the Carnegie business thrives. Does the damage to his personal reputation from the strike ever heal?

3. Frick's chairmanship of the Carnegie Company marks a difficult period in its history starting with what strike in 1892 and a four year depression from 1893.

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

5. Carnegie forms an enterprise to manufacture Bessemer steel as he changes from ________________.

Short Essay Questions

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

2. What happens when Carnegie goes to Scotland?

3. What does Schwab do for the business?

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

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

6. Describe Captain Bill Jones' management of labor.

7. Describe Carnegie's partners at this time.

8. What does Phipps suggest to Carnegie? How does Carnegie benefit from this?

9. Why does Carnegie hire Alexander Holley?

10. What does Carnegie do between 1872 and 1889?

(see the answer keys)

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