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This quiz consists of 5 multiple choice and 5 short answer questions through Carnegie Challenges the World.

Multiple Choice Questions

1. Only how many of the original nine partners remain?
(a) Three.
(b) Five.
(c) Four.
(d) Two.

2. At the age of ___________ Carnegie finds a wife for his home, a business successor and considers retirement.
(a) Fifty-four.
(b) Sixty.
(c) Forty.
(d) Fifty.

3. The partners want Frick to exercise power without Carnegie. Why?
(a) He has good ideas for growth in the company.
(b) He is more likely to keep wage costs down.
(c) He is more trustworthy than Carnegie.
(d) He is easier to manipulate than Carnegie.

4. Seeds of ambivalence develop within Andrew to appreciate what ideas?
(a) His parent's.
(b) New World.
(c) His friend's.
(d) Old World.

5. The 1893 depression is caused by what?
(a) Manufacturing undercapacity, particularly in the oil industry.
(b) Manufacturing undercapacity, particularly in the steel industry.
(c) Manufacturing overcapacity, particularly in the oil industry.
(d) Manufacturing overcapacity, particularly in the steel industry.

Short Answer Questions

1. Carnegie's pace of ___________ replacement needs continuous reinvestment of profits to the exclusion of significant dividend payments.

2. Carnegie follows the successful path of building through a depression and lack of customers by ________________.

3. What is the town's industry in 1835?

4. Previously Margaret Carnegie's sisters, Annie Aitken and Kitty Hogan immigrate in __________, and write of good and bad times there.

5. James L. Shaw of the Pacific and Atlantic Telegraph Company offers to buy how many shares of Keystone at three times its value, or $150,000?

(see the answer key)

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