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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. In ___________, Andrew is offered a job by Tom Scott, western division superintendent of the Pennsylvania Railroad, to be his secretary and personal telegrapher.

2. When dividend payments stop, Carnegie plans a ________ exit to maximize Pacific's price by speculation that lets the triumvirate cash out and leave the remaining Pacific stockholders to drown.

3. Carnegie uses a similar strategy to exit the Woodruff Company by reorganizing it into ________________ with new stockholders and the triumvirate unstated.

4. What does Andrew dislike about the oil business that seems beyond control of management until the 1880s and Rockefeller?

5. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?

Short Essay Questions

1. Describe the Columbia Oil Company.

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

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

4. What does Carnegie learn at the Pennsylvania Railroad?

5. What agreement is made between the triumvirate and James L. Shaw?

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

7. Why do the Carnegies leave Scotland?

8. How does industry benefit from Carnegie?

9. By what is this dream not diminished?

10. How is Carnegie cautious in his investments? How might this help him throughout his career?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Andrew Carnegie emigrated from Scotland.

Part 1) When and why did he emigrate from Scotland? Describe his life upon arriving in the U.S. How did it compare to the lives of other immigrants?

Part 2) How did his family adjust to life in America? How did this affect Andrew? When did he get the opportunity for advancement? How was this a case of being in the right place at the right time?

Part 3) What might it be like to be an immigrant today? Might it be easier or harder to adjust to American life? Explain.

Essay Topic 2

The "American dream" characterizes America.

Part 1) What is the "American dream?" How does it characterize America? How did this dream come to be? How did this dream affect immigration into the United States? How does it affect immigration into our country today?

Part 2) How was Andrew Carnegie affected by this dream? What role did this dream play in his rise in power and Carnegie's being the richest man in the world?

Part 3) How are you affected by the "American dream?" How do you see this "dream" in your own community and in the U.S. as a whole? Do you believe it is as strong as it was over one hundred years ago? Why or why not?

Essay Topic 3

Carnegie forms an informal investing triumvirate.

Part 1) Describe this triumvirate. Why does he form this group? How effective are they? How do they benefit Carnegie? How doe they benefit from him?

Part 2) Throughout the book, what role does this triumvirate play? How does it aid Andrew in growing his wealth? How is it, at times, detrimental?

Part 3) If you were to form a triumvirate, who would it include? Why? What would be the purpose of the triumvirate?

(see the answer keys)

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