View a FREE sample

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

Short Answer Questions

1. The industrial economy is crippled with some __________________ firms failing over six years.

2. Andrew needs a strong leader to manage growth after what happens to his brother Tom?

3. Carnegie is praised by labor leaders and Frick is considered _____________.

4. The start of ET construction coincides with what?

5. Carnegie's insistence on knowing the costs continues for his _______________ years in the steel business.

Short Essay Questions

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

2. Describe Carnegie's partners at this time.

3. What does the entrepreneurial Carnegie begin in 1872? Describe his work at this time.

4. What does Frick's chairmanship mark?

5. Carnegie's interest and insistence on cost-cutting leads him into more complex areas of manufacturing detail composition and chemistry. Give an example of this.

6. Describe American steel companies between 1870 and 1900.

7. How does Carnegie rely on the McCallum system?

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

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

10. Describe Duqesne Steel.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Carnegie works for the Pennsylvania Railroad.

Part 1) Describe his time with this railroad company. How is this time significant in his career as a businessman?

Part 2) What are four important things he learns from working for the Pennsylvania Railroad? How are these things useful later in his life?

Part 3) Andrew receives several promotions. Why? How is this success foreshadowed earlier in the book?

Essay Topic 2

Andrew escapes the coal and oil of textile mills.

Part 1) How does he escape? To where does he escape? How does he benefit from this? How do his experiences in these mills influence him?

Part 2) How important are his early careers to his life as a capitalist and then as entrepreneur? How does he use the knowledge he gains throughout his life in his career decisions? How does he benefit from doing this?

Part 3) How might your own work experiences influence you as an adult in the work force? What experiences have already occurred in your life that will be beneficial in the future?

Essay Topic 3

Carnegie forces out all partners but Schwab and brings in "young geniuses" who prove their merit.

Part 1) Describe this forcing out of the partners except Schwab. Why is Schwab kept? How is he unique from the other partners? How might these other partners have felt about being ousted from the company? Should they have been forced out? Why or why not?

Part 2) Why does Carnegie believe that bringing in "young geniuses" is the answer to his problems? How do these "young geniuses" prove their merit? How was this decision to bring in new people beneficial to Carnegie and his company?

Part 3) How has business changed at this time? What other decisions does Carnegie make that reflect this change in the steel business? How are these decisions and actions significant?

(see the answer keys)

This section contains 1,132 words (approx. 4 pages at 300 words per page) View a FREE sample