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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. The triumvirate agrees to sell at once for what reason?
(a) Since it has no dollar investment in the transaction.
(b) They want to get rid of shares.
(c) It is the most logical plan.
(d) There are no better offers.

2. Who is the cornerstone of Carnegie's fortune, followed in 1861 by Columbia Oil?
(a) Coleman.
(b) Pullman.
(c) Pennsylvania Railroad.
(d) Woodruff.

3. Carnegie acquires _______ of the eight failing rail mills and follows an aggressive policy of price-cutting to anticipate its direction and expand sales.
(a) Four.
(b) Two.
(c) Three.
(d) Five.

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

5. Whose pioneering skills in management are codified in his "Book of Rules and the Employees' Timetable?"
(a) Duane McMahon's.
(b) Darrel McAllister's.
(c) David McClure's.
(d) Daniel McCallum's.

Short Answer Questions

1. Will is unable to catch on to new opportunities and reverts back to weaving and selling his wares on the street, which does what?

2. A typical pattern in the ____________ century is that a community builds up around a few pioneers who leave their homeland and then encourage friends and relatives to join them.

3. Americans in the North have how many years of peace and prosperity as they begin to exploit American markets?

4. He follows a policy of putting all his eggs in the same basket and doing what?

5. However, by 1881, a competitor Homestead has the most modern equipment, but is plagued by what problems for two years?

(see the answer key)

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