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

Multiple Choice Questions

1. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.
(a) $34,000.
(b) $3 billion.
(c) $3.4 milion.
(d) $334 million.

2. Carnegie feels confident enough in 1870 to do what?
(a) Buy new businesses.
(b) Make large changes in the business.
(c) Expand the business.
(d) Sell the business.

3. Railroad ______________ run the trains, maintain rolling stock and track, price and collect charges for service on passenger and freight trains running in both directions to meet demand.
(a) Employees.
(b) Executives.
(c) Stockholders.
(d) Managers.

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

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

Short Answer Questions

1. A second dimension necessary to effect this integration is the implementation of what system?

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

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

4. By ________, the Pennsylvania Railroad runs 3,500 miles of track with 30,000 employees and $61 million invested.

5. Tom Miller is a _________ man who forms joint ventures with Carnegie in several small investments. They form Freedom Iron Company of Lewiston Pennsylvania in 1861 that Carnegie restructures into Freedom Iron and Steel to retool for the Bessemer process in 1866.

(see the answer key)

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