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

Multiple Choice Questions

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

2. The Northern Securities Company is a holding company for what?
(a) Steel.
(b) Credit firms.
(c) Railroads.
(d) Investment firms.

3. In 1923 Morgan forges ties with what leading Japanese bank?
(a) House of Mitsui.
(b) Japan National Bank.
(c) Bank of Tokyo.
(d) House of Fujimoto.

4. When did the first Morgans arrive in America?
(a) In 1776.
(b) On the Mayflower.
(c) In 1802.
(d) 16 years after the Mayflower.

5. What issue involving Mexico causes a feud between two Morgan partners, Lamont and Morrow?
(a) Foreign debt.
(b) Oil.
(c) Railroads.
(d) Church property.

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

7. Who is Charles E. Coughlin?
(a) A Morgan friend.
(b) A friend of President Hoover.
(c) A Morgan partner.
(d) A radio priest.

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

9. How much money are Morgan partners rumored to make in a year?
(a) $1 million.
(b) $100,000.
(c) $500,000.
(d) $2 million.

10. Who introduces obligatory military service to Germany in the 1930s?
(a) Schmidt.
(b) Hitler.
(c) The Secretary of the Army.
(d) Goring.

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

12. When was the Hawley-Smoot Tariff Act enacted?
(a) 1935.
(b) 1930.
(c) 1931.
(d) 1929.

13. How long is George Whitney sentenced to Sing Sing for his crime?
(a) Five to ten years.
(b) He was sentenced only to probation, not to Sing Sing.
(c) For life.
(d) One to five years.

14. Who is the financial wizard of Nazi Germany during the 1930s?
(a) Schmidt.
(b) Goring.
(c) Hitler.
(d) Schacht.

15. Who assumes a leadership role at the House of Morgan when Henry Davis dies?
(a) Tom Lamont.
(b) George Peabody.
(c) Louis Brandeis.
(d) Charles Mellon.

Short Answer Questions

1. When does the Morgan partner S. Parker Gilbert die?

2. The election of President Taft leads to what action in the financial world?

3. After the 1929 crash of the US stock market, where does the investment market switch to?

4. Who filled Pierpont Morgan's role at the bankers' meeting to discuss the Crash?

5. What depletes England of gold?

(see the answer keys)

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