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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

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

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

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

4. In 1898 where doesJack Morgan work?

5. How much money are Morgan partners rumored to make in a year?

Short Essay Questions

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

2. Why do the Morgans survive the crash of 1929?

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

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

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

6. In 1934 why does Lamont stop supporting Japan?

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

8. What is the Hawley-Smoot Tariff Act?

9. In 1938 what scandal begins to emerge?

10. At the end of World War I, what is the role of the United States and the Morgans with respect to the world financial markets?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

The Morgans' influence reached worldwide. Choose one or two countries in different parts of the world and discuss the Morgans influence through their initial involvement until the late 1980s or such time as their influence ended. Among things to discuss are why it became involved in the country, how it was involved, what was happening in the country at the time, etc.

Essay Topic 2

In today's world would it be possible for any one firm to be as preeminent as the House of Morgan during its "golden age"? Discuss why or why not.

Essay Topic 3

Discuss the importance of banking regulations to the House of Morgan. Include at least three specific regulations, including the Glass Steagall Act, discussing the why they were enacted, their effect on banking in general and their effect on the Morgans.

(see the answer keys)

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