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This quiz consists of 5 multiple choice and 5 short answer questions through The Apprentice Financier.

Multiple Choice Questions

1. Scott and Thomson like the Woodruff Sleeping Car Company that owns patents in 1858 but lacks what?
(a) Understanding of this business.
(b) Intelligence.
(c) Financial backing.
(d) The courage and business sense to develop them.

2. Carnegie rises from bobbin boy at __________ per week in 1850 to railroad superintendent at $2,400 per year in 1865.
(a) $1.20.
(b) $120.00
(c) $0.12.
(d) $12.00.

3. He forms an informal investing ____________ with Thomson and Scott.
(a) Quintumvirate.
(b) Quadrumvirate.
(c) Duumvirate.
(d) Triumvirate.

4. Within _______ years of arriving in America, the Carnegies recoup their fortune through the help of their friends, relatives, and countrymen in America and earn more income that they ever received in Scotland.
(a) Four.
(b) Two.
(c) Six.
(d) Eight.

5. Carnegie is cautious in his investments by limiting them to what?
(a) Firms he knows about that are related to the Pennsylvania Railroad.
(b) Firms his friends suggest.
(c) Small firms.
(d) Firms he has studied for several months.

Short Answer Questions

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

2. The business is _______________ with conductors and station agents collecting millions in small coin revenue.

3. In 1863, his investments pay $45,460 and by 1868, he receives __________ per year for an investment of $817 that he borrows to make.

4. Andrew Carnegie becomes known as the city's best _____________.

5. How many people immigrate from the Old to the New World to embed the dream into an image of America far stronger than the success of a few like the Guggenheims and Vanderbilts?

(see the answer key)

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