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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. Seeds of ambivalence develop within Andrew to appreciate what ideas?

2. The Carnegies stay in their homeland as long as they can until conditions become intolerable in what town?

3. Carnegie's ideas about machines, individual success and the American political system contribute to the development and growth of what?

4. A new competitor, ________________ , decides a lavishly decorated "rolling palace" may have an edge, and by 1867 he has forty-eight in service.

5. Andrew goes to night school in bookkeeping at what age?

Short Essay Questions

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

2. How does Andrew escape the textile mills?

3. How does industry benefit from Carnegie?

4. Describe the informal investing triumvirate Carnegie formed with Thomson and Scott.

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

6. Why do the Carnegies leave Scotland?

7. What does Andrew do from 1867 through 1872?

8. Give an example of when Carnegie meets railroad's customers and initiates control of division operations when needed.

9. What does Daniel McCallum offer those in management?

10. What does Carnegie do when Pacific dividend payments stop?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

The start of ET coincides with the Panic of 1873.

Part 1) What is ET? Why is it significant that the start of ET coincides with this panic? How does this affect Carnegie, his partners, and the investors?

Part 2) How does Carnegie deal with this panic? What decisions does he make? How much of an impact do these decisions have on his company? What do his decisions and actions reveal and reinforce about him?

Part 3) How would you have reacted if you had lived during the Panic of 1873? Would you have been as clear-headed and forward-thinking at Carnegie? Why or why not?

Essay Topic 2

After Carnegie's apprenticeship ends at the Pennsylvania Railroad, he is ready to move on.

Part 1) Why does he decide it is time to move on? Is this a good decision? Why or why not? To where does he move on? Why?

Part 2) How does this move change his life? Do you believe he would have been successful if he had stayed at the Pennsylvania Railroad? Why or why not?

Part 3 ) Describe a time when you have realized it was time for a change. How did you know? How did you go about this change? What were the end results?

Essay Topic 3

Carnegie and George Pullman make "The Pullman Palace Car Company" a joint venture.

Part 1) How does this joint venture come about? Is this a good decision for both men? Why or why not? What does this joint venture reveal about both Carnegie and Pullman?

Part 2) How does this venture affect the triumvirate? How does it affect other stockholders? How does it lead to the end of stock speculation? How does this end of speculation lead Carnegie in a new direction?

Part 3) Think of two companies you admire or whose products you enjoy. What would it be like if they joined forces? How would this joint venture affect them? How would it affect customers like yourself?

(see the answer keys)

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