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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Who is Marriner Stoddard Eccles?
(a) A Senator.
(b) A Utah banker.
(c) A Morgan partner.
(d) A radio priest.

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

3. In what year is there a Wall Street panic partially caused by the failure of the Northern Pacific Railroad bonds?
(a) 1877.
(b) 1869.
(c) 1871.
(d) 1873.

4. Which Morgan partner is serving as banker to Japan?
(a) Jack Morgan.
(b) Pierpont Morgan.
(c) John Keynes.
(d) Tom Lamont.

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

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

7. The Glass Steagall Act resulted in the separation of commercial banking from what?
(a) Offering loans.
(b) The stock exchange.
(c) Investment banking.
(d) Selling stocks.

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

9. In 1936 there were Congressional hearings on the role of the bankers in what?
(a) World War I.
(b) The Depression.
(c) Germany.
(d) The 1929 Crash.

10. Whom does Charles Lindbergh marry?
(a) Susan Darrow.
(b) Anne Morrow.
(c) Anne Lamont.
(d) Betty Morrow.

11. Why does Jack Morgan begin to sell pieces of his collection?
(a) To put his estate in order.
(b) To go on a cruise.
(c) To continue his life style.
(d) To give the House of Morgan some cash.

12. Who was Ferdinand Pecora?
(a) A friend of President Hoover's.
(b) A Morgan partner.
(c) A senator.
(d) A lawyer who headed up an investigation of Wall Street.

13. Who does Parker Gilbert's wife marry after his death?
(a) Robert Young.
(b) Jack Morgan.
(c) Morgan Stanley.
(d) Harold Stanley.

14. Who opposes Mussolini in the press?
(a) Walter Lippmann.
(b) Jimmy Jones.
(c) Arthur Pearson.
(d) Charles Dere.

15. Who is the wealthiest of the Morgan partners?
(a) Lamont.
(b) Heller.
(c) Brandeis.
(d) Mellon.

Short Answer Questions

1. When does Morrow die?

2. Where was George Peabody born?

3. What is the purpose of the Reconstruction Finance Corporation?

4. President Hoover believes that there was a Wall Street conspiracy against him that is engaging in what?

5. Where does Jack buy a tavern?

(see the answer keys)

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