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Name: _________________________ | Period: ___________________ |
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Where does Livingston go after the dealings with Percy?
2. Who does Livingston say uses tips to no good ends for their customers?
3. What kind of regulation is enacted during war time?
4. When was the famous stock manipulator active?
5. What does Livingston say a trader needs to make a good decision?
Short Essay Questions
1. What happens to Livingston after he follows Percy's advice?
2. What does Livingston notice about the price of Tropical Trading and what does he do about it?
3. What is one of the primary tools to manipulate a stock?
4. What does Jim Barnes ask of Livingston? How was Consolidated Stove formed?
5. What does Livingston say about selling stocks on a payment plan and stock splits?
6. Why were the three main stock holders of Consolidated Stove angry at Livingston?
7. How does Livingston feel about tips and to what does he attribute his success?
8. What does Livingston do when insiders in Tropical Trading try to knock him out of the market?
9. What happens when Livingston starts buying up what Imperial Steel stock is on the market.
10. What does Livingston do when he returns to New York?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
As soon as he has most of the cotton, the price begins to rapidly rise and he makes a great deal of paper profit. The problem now is to convert that profit to cash, because when one has most of the market, as soon as one starts selling it the price begins to drop.
1. What do you think is meant by the term "paper profit" in the above sentence? Use examples from the book to support your answer.
2. Why do you think the price of a stock starts to drop when the stock is being sold? Use examples from the book to support your answer.
3. Would it be possible that someone could be very wealthy on paper but not have enough money to buy a television with cash? Why or why not?
Essay Topic 2
Livingston is broke and the market is not good for making money. He declares bankruptcy to get rid of two creditors. He goes back to Williamson to ask for help.
1. Do you think it was honest or fair to Livingston's creditors to declare bankruptcy? Why or why not?
2. What kind of person do you think Livingston is that he has gone to Williamson for help? Describe your reaction in detail.
3. Do you think if a lot of people played the market and went broke they should all be allowed to declare bankruptcy? Why or why not?
Essay Topic 3
Livingston goes back and forth between cities trying to earn money. He won't settle down and learn how to do Wall Street. Given his circumstances he doesn't seem to be a very stable individual.
1. Would you agree or disagree with the above statement? Why or why not? Use examples from the book to support your answer.
2. Given what we've seen thus far of Livingston's character explain, in detail, why he probably wouldn't be happy in a steady job.
3. Why do you think Livingston keeps moving around? Use examples from the book to support your answer.
This section contains 1,192 words (approx. 4 pages at 300 words per page) |
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