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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. In 1882 Pierpont moves into the first private residence that had what?
(a) Electricity.
(b) Private bathrooms.
(c) Access to a private railroad car.
(d) Telephones.

2. The election of President Taft leads to what action in the financial world?
(a) Increased regulation of securities trading.
(b) Increased regulation of banking.
(c) Increased trust busting.
(d) Increased monopolies.

3. In 1898 where doesJack Morgan work?
(a) New York.
(b) Philadelphia.
(c) Paris.
(d) London.

4. Who was Ferdinand Pecora?
(a) A Morgan partner.
(b) A friend of President Hoover's.
(c) A senator.
(d) A lawyer who headed up an investigation of Wall Street.

5. Who opposes Mussolini in the press?
(a) Jimmy Jones.
(b) Arthur Pearson.
(c) Charles Dere.
(d) Walter Lippmann.

6. Who filled Pierpont Morgan's role at the bankers' meeting to discuss the Crash?
(a) Jack Morgan.
(b) Dwight Morrow.
(c) Owen Young.
(d) Tom Lamont.

7. Where do the Wall Street firms meet on July 31, 1914, when the European markets close?
(a) At the offices of the lawyers for the New York Stock Exchange.
(b) At the Federal Reserve.
(c) At the New York Stock Exchange.
(d) At the House of Morgan.

8. Among the four Morgan partnerships, what is the only common denominator?
(a) The percentage of profits that Pierpont took from each.
(b) The clients of the partnerships.
(c) The business of the partnerships.
(d) Pierpont's position as senior partner.

9. Who introduces obligatory military service to Germany in the 1930s?
(a) Schmidt.
(b) Goring.
(c) Hitler.
(d) The Secretary of the Army.

10. What did the Young Plan deal with?
(a) German reparation payments.
(b) Repayment of Mexico's debts.
(c) British loans.
(d) United States railroads.

11. What political office does Dwight Morrow run for and win?
(a) Assemblyman.
(b) Congressman.
(c) Controller.
(d) Senator.

12. What does Jack build in his father's memory?
(a) A library.
(b) A yacht.
(c) A building in New York.
(d) An art museum.

13. When is the Glass Steagall Act enacted?
(a) 1929.
(b) 1935.
(c) 1930.
(d) 1933.

14. Who is Marriner Stoddard Eccles?
(a) A Senator.
(b) A radio priest.
(c) A Morgan partner.
(d) A Utah banker.

15. During the 1920s how did corporations generally finance corporate expansion?
(a) Investment trusts.
(b) Stock issues.
(c) Cash.
(d) Bond issues.

Short Answer Questions

1. When does the Morgan partner S. Parker Gilbert die?

2. Why does Mussolini invade Ethopia?

3. When does Morgan loan Italy $100 million?

4. Where was George Peabody born?

5. Where is Pierpont when the stock market panic of October 1907 begins?

(see the answer keys)

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