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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. Frick's first acquisition is _____________, which is the most modern steel mill and keeps the Carnegie Company at the forefront.

2. Beginning in 1872, Carnegie focuses on the single project of his steel-rail rolling mill that is completed in _________.

3. Carnegie tries to use public relations, legislative action and threatens who to drive shipping costs down?

4. Carnegie pressures management and Frick resigns again. Is his resignation accepted?

5. At the age of ___________ Carnegie finds a wife for his home, a business successor and considers retirement.

Short Essay Questions

1. How does Carnegie benefit from cutting costs?

2. How does Carnegie rely on the McCallum system?

3. 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.

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

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

6. What does Carnegie do between 1872 and 1889?

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

8. Describe Duqesne Steel.

9. Describe the firm and the new mill.

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 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

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.

(see the answer keys)

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