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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 decides to open an investment house called Morgan Stanley?
(a) Morgan partners.
(b) J.P. Morgan.
(c) Stanley Morgan.
(d) Morgan Stanley.

2. What location bought by Pierpont becomes the setting for many business and other meetings?
(a) His railroad car.
(b) His limousine.
(c) His yacht.
(d) The New York Stock Exchange.

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

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

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

Short Answer Questions

1. When is the Glass Steagall Act enacted?

2. What depletes England of gold?

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

4. Who is Charles E. Coughlin?

5. By the winter of 1930 how many banks were failing per month?

Short Essay Questions

1. Why does Father Charles E. Coughlin, a radio priest of the time, attack the banking industry?

2. What are the immediate results of the stock market panic in October 1907 and what is Morgan's role?

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

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

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

6. What is the Glass Steagall Act?

7. What are the first two crises that Jack Morgan faces after his father's death?

8. What is the Reconstruction Finance Corporation?

9. By the year 1900, Morgan has come to control most of what transportation industry and why?

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

(see the answer keys)

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