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

Multiple Choice Questions

1. What kind of regulation is enacted during war time?
(a) No profiteering in war necessities.
(b) No buying of government bonds.
(c) No selling off defense stock.
(d) No buying of ammunition companies.

2. What does Livingston do about his concerns in 1906?
(a) Sells long.
(b) Buys long.
(c) Buys short.
(d) Sells short.

3. How much regulation is there in the stock market during Livingston's era?
(a) Very little regulation.
(b) It has many rules.
(c) There is a moderate amount.
(d) The SDIC is watching everyone constantly.

4. Why does Livingston say traders are often vilified in the press and by other traders?
(a) When they hold onto food crops.
(b) When they make too much money.
(c) When they sell short and the price drops.
(d) When they corner a market.

5. How much money did Livingston make on the Union Pacific sell off?
(a) $250,000.
(b) $75,000.
(c) $150,000.
(d) $100,000.

Short Answer Questions

1. What did Livingston do about individual stocks?

2. Where does Livingston go with his $500?

3. What does Livingston decide from the Union Pacific situation?

4. What happens when the market falls steeply in 1906?

5. What happens shortly after he starts selling Union Pacific stock by the thousands?

(see the answer key)

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