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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XIV.

Multiple Choice Questions

1. What concerns Livingston in 1906?
(a) The world economic situation.
(b) Whether he will ever start a family.
(c) Who will be elected president.
(d) Whether new regulations will be enacted.

2. What does Livingston figure out he has to do to make a lot of money?
(a) Spread his money around.
(b) Keep his money riding longer.
(c) Trade on broad principles.
(d) Play one stock consistently.

3. Why does Livingston keep losing money on stocks?
(a) He gets distracted by numbers.
(b) He doesn't understand some of the companies.
(c) He's reacting to price and movement.
(d) He plays like it's a game.

4. Why does Livingston want to sell Union Pacific?
(a) He doesn't like the owner.
(b) He never travels by train.
(c) They've been going down.
(d) He has a strong hunch.

5. What happens when the market falls steeply in 1906?
(a) The government takes over the market.
(b) The banks collapse.
(c) It earns Livingston and his house a lot of money.
(d) There is a depression.

Short Answer Questions

1. Why does Livingston declare bankruptcy?

2. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?

3. What does Union Pacific announce that dismays Livingston?

4. How useful is bucket shop technique on Wall Street?

5. Why is corn having a hard time getting to the market?

(see the answer key)

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