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This quiz consists of 5 multiple choice and 5 short answer questions through Part 2 Chapter 17 Depression.

Multiple Choice Questions

1. Among the four Morgan partnerships, what is the only common denominator?
(a) The clients of the partnerships.
(b) Pierpont's position as senior partner.
(c) The business of the partnerships.
(d) The percentage of profits that Pierpont took from each.

2. Where is the Morgan ancestral home?
(a) Hartford, Connecticut.
(b) Boston, Massachusetts.
(c) London, England.
(d) New York, New York.

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

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

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

Short Answer Questions

1. The Morgans were instrumental in helping Sosthenes Behn build what?

2. What company is the forerunner of what eventually becomes J.P. Morgan and Company?

3. When is the Clayton Antitrust Act enacted?

4. In what year is there a Wall Street panic partially caused by the failure of the Northern Pacific Railroad bonds?

5. Baring Brothers and Junius Morgan were principal holders of what type of securities, which were popular in London in 1890?

(see the answer key)

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