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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. 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) Automobile.
(b) Industrial.
(c) Railroad.
(d) Technology.

2. Specialized merchants control flow of product at every step, which _____________________.
(a) Increases costs and increases materials flow.
(b) Increases costs and slows materials flow.
(c) Slows costs and slows materials flow.
(d) Slows costs and increases materials flow.

3. William Coleman also shares Carnegie's interest and enthusiasm in what?
(a) Steel.
(b) Retail.
(c) Technology.
(d) Oil.

4. By 1892, Carnegie is in ______________ and leaves labor issues to Frick.
(a) Scotland.
(b) Ireland.
(c) England.
(d) Wales.

5. A second dimension necessary to effect this integration is the implementation of what system?
(a) Benefits.
(b) Welfare.
(c) Democratic.
(d) Accountability.

Short Answer Questions

1. Frick shares Carnegie's vision and drive but is self-righteous and lacks what?

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

3. Beginning in 1872, Carnegie focuses on the single project of his steel-rail rolling mill that is completed in _________.

4. At the age of ___________ Carnegie finds a wife for his home, a business successor and considers retirement.

5. Their deal demonstrates the power of what?

Short Essay Questions

1. Describe the economic collapse. How are Carnegie and others affected by it?

2. Why does Andrew not help Tom Scott? What are the effects of this decision?

3. Describe Carnegie's replacement of equipment.

4. What is a second dimension necessary to effect this integration?

5. Describe Carnegie's partners at this time.

6. Describe American steel companies between 1870 and 1900.

7. Describe Captain Bill Jones' management of labor.

8. Describe the deficiency that Carnegie corrected by integrating Keystone Bridge and Union Iron?

9. What does Phipps suggest to Carnegie? How does Carnegie benefit from this?

10. What does Frick's chairmanship mark?

(see the answer keys)

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