BIOGRAPHY || "Business Tycoon: Andrew Carnegie"

How old was Andrew Carnegie when his family immigrated to the United States in 1848?

• 5 years old
• 9 years old
• 13 years old
• 15 years old

What factor allowed for the Carnegie Steel Company to become the largest of its kind in the world?

• He owned every step in the steel making process; from the raw materials to even the coal fields to fuel the steel furnaces.
• He developed a monopoly in the steel industry, eventually owning 80% of the steel companies throughout the world.
• He outsourced his labor force to Brazil so that he could pay the workers less than he could in America which lowered operating costs.
• He had so much influence in Congress that he was able to receive unprecedented tax breaks which meant more profit for the Carnegie Steel Company.

What were workers at the Carnegie Steel plant in Homestead, Pennsylvania fighting for/against in 1892? (Homestead Strike of 1892)

• the cutting of their wages
• a better retirement system
• more paid time off (PTO)
• better working conditions
• 12 hour work days

Which of the following statements is NOT true?

• Carnegie believed that those with great wealth must use their money to help others.
• Carnegie was born in Scotland in the 1830's and had very little formal education.
• Carnegie gave about $5 million to the New York Public Library in 1901.
• Carnegie decided to run for a seat in the US Senate with the encouragement of his dear friend and former president Theodore Roosevelt.

Which of the following are the two MAIN ideas of the article?

• Andrew Carnegie was a successful businessman; he was accused of treating his workers unfairly.
• andrew Carnegie maintained a love of reading throughout his life; when he retired, he donated money to build libraries.
• Andrew Carnegie worked hard to develop a business that made him very rich; later in his life, he used his money to help others.
• Andrew Carnegie worked for very little money when he first moved to the US; he learned a lot about business while working for the railroad.

Read the sentence from the section "Steel Tycoon". What does the author mean by the phrase "Carnegie become the main force"?

• Carnegie made the laws guiding manufacturing steel products.
• Carnegie insisted that steel be manufactured a specific way
• Carnegie put a lot of effort into building his steel business.
• Carnegie was the most powerful man in the steel industry.

Which sentence BEST summarizes the section "Philanthropy"?

• Carnegie sold his business and began using his wealth to help others.
• After retiring, Carnegie traveled around the world and met many famous people.
• Carnegie devoted his time to writing books and articles about wealth.
• Carnegie sold his business to create an alliance with another steel company.

Where did Carnegie learn the most about business in his early life?

• While working as an assistant for the Pennsylvania Railroad.
• While working as a messenger for the telegraph system.
• While working as a telegraph operator.
• While working in a factory in Allegheny, Pennsylvania.

TRUE? or FALSE? "Andrew Carnegie became wealthy while he was working for the railroad."

• TRUE | While working for the railroad, he invested some of his money into other companies in exchange for future profits. Over time, he became very wealthy.
• FALSE | He wasn't very wealthy until he started the Carnegie Steel Company and found a technology that would make the manufacturing steel easier and faster.

Why did Carnegie sell his successful steel company?

• He was offered a price that he couldn't pass up.
• He decided that he wanted to spend the rest of his days helping others.
• His health was declining and he wasn't able to run the day-to-day operations.
• The Sherman Antitrust Act was passed by Congress and The Carnegie Steel Company was deemed an illegal monopoly.