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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. Thirteen year-old Andrew sees his father fail while admiring whose determination to rise above it?

2. Andrew Carnegie's last bond financing sale comes in July, _______ when he sells $6 million in bonds to Sulzbach Brothers, who buy bonds reluctantly, with Carnegie's encouragement.

3. Carnegie sells Central patents for ____________ to Pullman and they exchange shares for no money to form the new company.

4. Margaret Carnegie's sister precedes her move to America and Annie Aitken provides them what?

5. How many people immigrate from the Old to the New World to embed the dream into an image of America far stronger than the success of a few like the Guggenheims and Vanderbilts?

Short Essay Questions

1. How does industry benefit from Carnegie?

2. How does Andrew benefit from his work delivering telegraph messages?

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

4. How does Andrew escape the textile mills?

5. Who are Roberto Goizuetta and Any Grove?

6. By what is this dream not diminished?

7. Why do the Carnegies leave Scotland?

8. Describe the Pennsylvania Railroad in 1865.

9. How does Carnegie determine he can profit from the boom in telegraphy?

10. Who is George M. Pullman? How do he and Carnegie become involved in business together?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Carnegie invests in the Keystone Bridge Company.

Part 1) What is the Keystone Bridge Company? How is this investment significant? What investments and decisions lead up to this investment?

Part 2) Why might a company such as the Keystone Bridge Company be so important at this time? What connection does this company have with railroads and the telegraph?

Part 3) If Carnegie were alive today, in what types of companies might he invest? Why? If you were to invest in a company, which one would it be? Why?

Essay Topic 2

Carnegie corrects deficiencies at Cyclops, now Union Iron.

Part 1) What deficiencies exist at Cyclops? How does Carnegie correct these deficiencies? How important is his past experience when correcting these deficiencies? What do these corrections reveal or reinforce about Carnegie?

Part 2) How does this introduce rationality into pricing and a methodology for investment planning? Why is this important? How do Carnegie and his partners benefit from this?

Part 3) What can we as readers learn from Carnegie's actions surrounding his purchase of Cyclops, its initial merger with Union Iron and the final merger with Keystone Bridge Company?

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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