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This quiz consists of 5 multiple choice and 5 short answer questions through The Climb Ends.

Multiple Choice Questions

1. Erie and Pennsylvania Railroads each have ________ thousand employees trained into a disciplined workforce.
(a) Thirteen.
(b) Four.
(c) Eight.
(d) Ten.

2. From 1867 through 1872, Andrew Carnegie joins the expansion trend by manipulating what stock to promote $30 million in stocks and bonds in Europe?
(a) Western Union and Union Pacific.
(b) Pennsylvania Railroad and Western Union.
(c) Union Pacific and Pennsylvania Railroad.
(d) Woodruff and Western Union.

3. Carnegie and his triumvirate get a franchise from Pennsylvania Railroad with the benefits of existing poles and franchising from Trenton through to what?
(a) The Missouri state line.
(b) The Indiana state line.
(c) The Ohio state line.
(d) The Illinois state line.

4. 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.
(a) Railroad.
(b) Technology.
(c) Industrial.
(d) Automobile.

5. Carnegie sells Central patents for ____________ to Pullman and they exchange shares for no money to form the new company.
(a) $2,000.
(b) $20,000.
(c) $200.
(d) $200,000.

Short Answer Questions

1. They make a deal that is considered what?

2. William Coleman also shares Carnegie's interest and enthusiasm in what?

3. Carnegie leases the iron ore properties from this man. Why?

4. Other operating benefits like reduced inventory and less machine duplication create cost savings to enable __________________at a market-competitive rate.

5. 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.

(see the answer key)

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