The House of Morgan Test | Mid-Book Test - Medium

Ron Chernow
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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Why does Peabody bring Morgan in as a partner?
(a) Because Peabody and Morgan are good friends.
(b) Because Morgan is wealthy.
(c) Because Peabody has no heirs.
(d) Because the Queen likes Morgan.

2. Where does Jack buy property for the Morgan Memorial Park as a memorial for Jessie?
(a) New York City.
(b) Hartford.
(c) Glen Cove.
(d) Boston.

3. When does the official division of the House of Morgan occur?
(a) October 19, 1929.
(b) September 1, 1934.
(c) September 30, 1934.
(d) September 5, 1935.

4. After Pierpont dies, who becomes the Morgan's manager on a day-to-day basis?
(a) Jack Morgan.
(b) George Perkins.
(c) John Adams.
(d) Harry Davison.

5. What percentage of General Motors Company does the House of Morgan own when the company is formed?
(a) 50%.
(b) 40%.
(c) 20%.
(d) 10%.

Short Answer Questions

1. When does Morrow die?

2. When did the first Morgans arrive in America?

3. What location bought by Pierpont becomes the setting for many business and other meetings?

4. What depletes England of gold?

5. The US credibility in London and European markets depends on the dollar's convertibility into what?

Short Essay Questions

1. By the year 1900, Morgan has come to control most of what transportation industry and why?

2. What are the Pujo hearings and what do they conclude?

3. What major merger occurrs as a result of the big dive in the stock and commodity markets in October 1939?

4. What causes a Wall Street panic in 1873?

5. What financial deal makes Junius Morgan a force in the banking world?

6. What is the turning point for when the House of Morgan surpasses the House of Rothschilds?

7. After Britain goes off the gold standard in 1919, who wants them back on the gold standard and why?

8. What causes a feud between the two Morgan partners, Morrow and Lamont?

9. What is the Reconstruction Finance Corporation?

10. What are holding companies and are the Morgans involved?

(see the answer keys)

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