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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. Carnegie forces another _____________ partners out until only Schwab survives, while bringing in "young geniuses" who prove their merit on cost sheets.
(a) Eleven.
(b) Fifteen.
(c) Nine.
(d) Thirteen.

2. The industrial economy is crippled with some __________________ firms failing over six years.
(a) 120.
(b) 5,000.
(c) 1,200.
(d) 12,000.

3. Carnegie pressures management and Frick resigns again. Is his resignation accepted?
(a) Yes.
(b) Only later.
(c) No.
(d) Not at first.

4. Carnegie tries to use public relations, legislative action and threatens who to drive shipping costs down?
(a) A competitor in the steel industry.
(b) The unions.
(c) John D. Rockefeller.
(d) A competitor railroad.

5. At the age of ___________ Carnegie finds a wife for his home, a business successor and considers retirement.
(a) Fifty-four.
(b) Sixty.
(c) Fifty.
(d) Forty.

Short Answer 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.

2. The start of ET construction coincides with what?

3. Carnegie relies on what system implemented by Thomson and Scott at the railroad to transfer and adapt it to industry?

4. What problems does this steel company have?

5. Bank failures destroy personal savings, social safety nets are nonexistent and workers retreat to the family farm or where?

Short Essay Questions

1. Describe Duqesne Steel.

2. Describe American steel companies between 1870 and 1900.

3. Why does Carnegie hire Alexander Holley?

4. Describe Carnegie's replacement of equipment.

5. What does Carnegie do between 1872 and 1889?

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

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

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

9. How does Carnegie benefit from cutting costs?

10. Why does Andrew not help Tom Scott? What are the effects of this decision?

(see the answer keys)

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