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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Where does the new Morgan Stanley office open?
(a) New York.
(b) London.
(c) Paris.
(d) Washington.

2. When do the Morgans purchase 23 Wall Street?
(a) 1912.
(b) 1909.
(c) 1911.
(d) 1914.

3. After Pierpont dies, who becomes the Morgan's manager on a day-to-day basis?
(a) George Perkins.
(b) Harry Davison.
(c) Jack Morgan.
(d) John Adams.

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

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

Short Answer Questions

1. The 1935 Wheeler subcommittee hearings involve banker involvement in what industry?

2. Pierpont arranges the financing for the purchase of what from France?

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

4. When does England go off the gold standard?

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

Short Essay Questions

1. What is the Glass Steagall Act?

2. In 1934 why does Lamont stop supporting Japan?

3. What does the US credibility in London and European markets depend on?

4. What financial deal makes Junius Morgan a force in the banking world?

5. In 1936 what causes the Congressional hearings into the bankers' role in World War I?

6. What causes a feud between the two Morgan partners, Morrow and Lamont?

7. Whom does Jack begin to groom for roles in the House of Morgan?

8. How does the Morgan firm restructure as a result of the Glass Steagall Act?

9. Even when Mussolini is criticized for his violent tactics, who seems to side with Mussolini and why?

10. What causes a Wall Street panic in 1873?

(see the answer keys)

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