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

Multiple Choice Questions

1. What does Livingston hear about a well known cotton trader?
(a) He has taken a huge loss.
(b) He has made 2 million dollars.
(c) He has quit the business.
(d) He has switched to soy beans.

2. What does experience give a successful stock trader?
(a) Respect.
(b) Learning.
(c) A job.
(d) Friends.

3. What happens to Livingston when someone buys up all the corn?
(a) He isn't involved in corn trade.
(b) He breaks even.
(c) He makes $50,000.
(d) He loses money.

4. What does Williamson agree to allow Livingston to do?
(a) Manipulate the price of cotton.
(b) Buy 500 shares of one stock.
(c) He gives him another stake.
(d) Open an account with him.

5. What happens when the market falls steeply in 1906?
(a) It earns Livingston and his house a lot of money.
(b) The banks collapse.
(c) There is a depression.
(d) The government takes over the market.

Short Answer Questions

1. What does Livingston do to prevent being broke again?

2. What is the stock Livingston buys to restart his career?

3. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?

4. Why doesn't Livingston make any money no matter how hard he tries?

5. What does Livingston figure out he has to do to make a lot of money?

(see the answer key)

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