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

2. What depletes England of gold?
(a) European investors.
(b) Its purchase of steel.
(c) The Boer War.
(d) American investors.

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

4. In the 1920s the economic boom basically occurred in what economic or financial sector?
(a) Stock market.
(b) Oil.
(c) Transportation.
(d) Bond market.

5. When does England go off the gold standard?
(a) 1915.
(b) 1924.
(c) 1919.
(d) 1920.

Short Answer Questions

1. When is the Glass Steagall Act enacted?

2. In what type of business does Junius Morgan begin his career?

3. When does Jack move Pierpont's art collection to the US?

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

5. In what year does the bomb, attributed to anarchists, explode outside Morgan's Wall Street building?

Short Essay Questions

1. In 1934 why does Lamont stop supporting Japan?

2. What major merger occurrs as a result of the big dive in the stock and commodity markets in October 1939?

3. Who represents Germany at the Paris conference where the Young Plan is adopted and why does he resign from the Reichsbank?

4. In 1924 what are the House of Morgan ties with the candidates?

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

6. What is the Reconstruction Finance Corporation?

7. After Britain goes off the gold standard in 1919, who wants them back on the gold standard and why?

8. In 1938 what scandal begins to emerge?

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

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

(see the answer keys)

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