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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

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

2. American capitalism and democracy conflict in the fear that economic justice requires what?

3. Rich and poor are impacted when even Tom Scott faces ruin and disgrace from Texas Pacific Railroad default unless what happens?

4. They make a deal that is considered what?

5. This approach introduces ______________ into pricing and a methodology for investment planning.

Short Essay Questions

1. How is Rockefeller involved in Carnegie's business?

2. How does Carnegie rely on the McCallum system?

3. What happens when Carnegie goes to Scotland?

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

5. Who is Homestead? How does Carnegie deal with Homestead?

6. What are the benefits of the Cyclops and Union Mills merger?

7. How does Carnegie benefit from cutting costs?

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

9. What does Schwab do for the business?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Andrew becomes known as Pittsburgh's best telegraph operator.

Part 1) How does he become known as this? What does this reveal about his personality? How are these character traits continually revealed and reinforced throughout this book?

Part 2) How does Andrew benefit from this title? How does his work ethic and natural business sense impact the decisions he makes throughout his life?

Part 3) What can you learn from Andrew? How can you benefit from Andrew's experiences?

Essay Topic 2

Frick shares Carnegie's vision and drive but lacks a sense of humor and is self-righteous.

Part 1) Describe Henry Frick. What is the relationship between Frick and Carnegie? How does this relationship develop? How are both men affected by this relationship?

Part 2) What are the benefits and detriments of Frick to the Carnegie Company? In the end, do you believe Frick was a benefit or a detriment to Carnegie? Why?

Part 3) How does Frick allow his power to go to his head? How does this affect the decisions he makes about the Carnegie Company? Describe someone you know who has allowed power to adversely affect him or her. How can this be avoided? What is required in one's personality to avoid this egotism?

Essay Topic 3

Carnegie forms an informal investing triumvirate.

Part 1) Describe this triumvirate. Why does he form this group? How effective are they? How do they benefit Carnegie? How doe they benefit from him?

Part 2) Throughout the book, what role does this triumvirate play? How does it aid Andrew in growing his wealth? How is it, at times, detrimental?

Part 3) If you were to form a triumvirate, who would it include? Why? What would be the purpose of the triumvirate?

(see the answer keys)

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