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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. The Cyclops and Union Mills merger reduces time and labor cost of moving material and eliminates middlemen by _________ integration.

2. Frick shares Carnegie's vision and drive but is self-righteous and lacks what?

3. Historically, management of the Carnegie companies resulted in _____ labor difficulties before the Homestead strike.

4. Phipps sees possible gains in other operations and encourages Carnegie to hire who?

5. He installs a blast furnace called________ in 1872 to produce 13.361 tons initially and eventually over 100,000 tons annually by maximizing output.

Short Essay Questions

1. Why does Carnegie hire Alexander Holley?

2. Describe the firm and the new mill.

3. How is Rockefeller involved in Carnegie's business?

4. What venture is formed between Tom Miller and Carnegie?

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

6. What causes the 1893 depression? What does Carnegie do at this time?

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

8. What happens when Carnegie goes to Scotland?

9. Describe Captain Bill Jones' management of labor.

10. How does Carnegie benefit from cutting costs?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Frick shares Carnegie's vision and drive but lacks a sense of humor and is self-righteous.

Part 1) Describe Henry Frick. What is the relationship between Frick and Carnegie? How does this relationship develop? How are both men affected by this relationship?

Part 2) What are the benefits and detriments of Frick to the Carnegie Company? In the end, do you believe Frick was a benefit or a detriment to Carnegie? Why?

Part 3) How does Frick allow his power to go to his head? How does this affect the decisions he makes about the Carnegie Company? Describe someone you know who has allowed power to adversely affect him or her. How can this be avoided? What is required in one's personality to avoid this egotism?

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

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?

(see the answer keys)

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