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This quiz consists of 5 multiple choice and 5 short answer questions through Triumph and Tragedy.

Multiple Choice Questions

1. Historically, management of the Carnegie companies resulted in _____ labor difficulties before the Homestead strike.
(a) Hundreds of.
(b) Many.
(c) Quite a few.
(d) Few.

2. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?
(a) Railroad technology skills.
(b) Organizational skills.
(c) Sales skills.
(d) Railroad management skills.

3. He installs a blast furnace called________ in 1872 to produce 13.361 tons initially and eventually over 100,000 tons annually by maximizing output.
(a) "Lenny."
(b) "Lucy."
(c) "Luke."
(d) "Larry."

4. What problems does this steel company have?
(a) Financial and policy problems.
(b) Labor and capital problems.
(c) Management and organization problems.
(d) Supply and labor problems.

5. By ________, the Pennsylvania Railroad runs 3,500 miles of track with 30,000 employees and $61 million invested.
(a) 1875.
(b) 1865.
(c) 1870.
(d) 1860.

Short Answer Questions

1. Carnegie works ___________ years at the Pennsylvania Railroad while he develops managerial skill, economic principles and personal relationships to become a successful manager, capitalist and entrepreneur.

2. The process takes longer than expected, but by 1868 production begins, and expansion is planned in what year?

3. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?

4. During the nineteenth century American railroads are financed by bonds with over ____ percent of their earnings used to pay bond interest.

5. When prosperity returns, the Carnegie business thrives. Does the damage to his personal reputation from the strike ever heal?

(see the answer key)

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