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

Multiple Choice Questions

1. When does England go off the gold standard?
(a) 1931.
(b) 1933.
(c) 1935.
(d) 1929.

2. In 1936 there were Congressional hearings on the role of the bankers in what?
(a) The Depression.
(b) The 1929 Crash.
(c) World War I.
(d) Germany.

3. Why does Jack Morgan begin to sell pieces of his collection?
(a) To continue his life style.
(b) To give the House of Morgan some cash.
(c) To go on a cruise.
(d) To put his estate in order.

4. When do the Morgans purchase 23 Wall Street?
(a) 1911.
(b) 1909.
(c) 1914.
(d) 1912.

5. Who coins the term Money Trust?
(a) Jack Morgan.
(b) Charles Lindbergh, Sr.
(c) Harry Davison.
(d) Pierpont Morgan.

6. What percentage of Morgan business deals with common stock issues in the 1920s?
(a) Less than 25 percent.
(b) Less than 3 percent.
(c) Less than 10 percent.
(d) Less than 50 percent.

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

8. How much money are Morgan partners rumored to make in a year?
(a) $1 million.
(b) $2 million.
(c) $100,000.
(d) $500,000.

9. What company is the forerunner of what eventually becomes J.P. Morgan and Company?
(a) Drexel, Morgan, and Company.
(b) J.S. Morgan and Company.
(c) Duncan, Sherman, and Company.
(d) George Peabody and Company.

10. The US credibility in London and European markets depends on the dollar's convertibility into what?
(a) Gold.
(b) British sterling.
(c) Silver.
(d) Bonds.

11. In what type of business does Junius Morgan begin his career?
(a) Insurance.
(b) Dry-goods.
(c) Banking.
(d) Railroads.

12. What location bought by Pierpont becomes the setting for many business and other meetings?
(a) His railroad car.
(b) The New York Stock Exchange.
(c) His yacht.
(d) His limousine.

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

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

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

Short Answer Questions

1. When does England go off the gold standard?

2. Who is refused a seat on the Alleghany board after buying a major block of stock and is an enemy of the Morgans?

3. Whom does Charles Lindbergh marry?

4. Where does the new Morgan Stanley office open?

5. Why does Peabody bring Morgan in as a partner?

(see the answer keys)

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