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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What does Livingston do to retaliate against the insiders?

2. What does one have to do with profit on paper?

3. What kind of regulation is enacted during war time?

4. What does Livingston say about a drop in a stock price?

5. What does an operator tell people when cornering a market?

Short Essay Questions

1. Is Livingston asked for tips? What does he say?

2. What does Livingston do when insiders in Tropical Trading try to knock him out of the market?

3. What does Livingston do about all his debt?

4. What does Livingston say about broker letters?

5. What does Jim Barnes ask of Livingston? How was Consolidated Stove formed?

6. How does a trader test a stock?

7. What does Livingston begin to do for a living?

8. How does Livingston feel about hunches?

9. What does Livingston say about forces that can cause plans to go wrong?

10. Why does Imperial Steel hire Livingston and why do they need him?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Further, bankers beg Livingston not to sell any more stock, as it might increase the general panic, throwing the whole system into irrecoverable disarray. Livingston knows this would make it impossible for him to translate his profits into cash. Livingston sends in orders to buy a vast amount of stock, beginning a market recovery.

1. Given what you know of Livingston's character do you think buying stock in this situation was self motivated or was there an altruistic component? Why or why not?

2. Why do you think the bankers asked Livingston not to sell anymore stock? How would that relate to the creation of the 1930 depression? Use examples from the book to support your answer.

3. Do you think, given what happened in 1930, the market system could ever be thrown into irrecoverable disarray? Why or why not?

Essay Topic 2

Livingston is broke and the market is not good for making money. He declares bankruptcy to get rid of two creditors. He goes back to Williamson to ask for help.

1. Do you think it was honest or fair to Livingston's creditors to declare bankruptcy? Why or why not?

2. What kind of person do you think Livingston is that he has gone to Williamson for help? Describe your reaction in detail.

3. Do you think if a lot of people played the market and went broke they should all be allowed to declare bankruptcy? Why or why not?

Essay Topic 3

He considers commodities down to earth and less prone to complex maneuvering than stocks. They are affected by supply and demand and conditions that don't affect stock as much.

1. Why do you think Livingston thinks the above statement is true? Use examples from the book to support your answer.

2. Having read the entire book do you think trading in commodities would be easier than in stock? Why or why not?

3. Given the differences in transportation and the wider global market do you think commodity trading has become more complex? Why or why not?

(see the answer keys)

This section contains 1,011 words (approx. 4 pages at 300 words per page) View a FREE sample