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

Multiple Choice Questions

1. Carnegie presents the bonds to the Morgan investment banking house in London in March, 1869, where he sells them to Morgan at what percent?
(a) 65.
(b) 75.
(c) 85.
(d) 55.

2. Small firms operate iron furnaces to smelt ore into _______ iron.
(a) Bull.
(b) Pig.
(c) Elephant.
(d) Horse.

3. Henry Phipps reviews blast furnace operations where flue-cinders are thrown away. What happens to puddling furnace cinders?
(a) They are destroyed.
(b) They are thrown away.
(c) They cause pollution.
(d) They are used in the blast furnace.

4. Phipps sees possible gains in other operations and encourages Carnegie to hire who?
(a) A full-time chemist.
(b) A full-time biologist.
(c) A full-time conservationist.
(d) A full-time physicist.

5. During the nineteenth century American railroads are financed by bonds with over ____ percent of their earnings used to pay bond interest.
(a) 50.
(b) 40.
(c) 20.
(d) 30.

Short Answer Questions

1. Pennsylvania Railroad buys from the Woodruff venture and offers what when borrowing?

2. Andrew needs a strong leader to manage growth after what happens to his brother Tom?

3. Bank failures destroy personal savings, social safety nets are nonexistent and workers retreat to the family farm or where?

4. Carnegie hires Captain Bill Jones to raid whose staff where they worked together before its strike to run ET?

5. Carnegie's first installment on his one-eighth interest in Woodruff is $217.50 borrowed from the bank. The balance is paid by dividends in the venture's ________ year.

(see the answer key)

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