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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 19-21.

Multiple Choice Questions

1. In what year does the economy enter into a downturn that lasts for six years?
(a) 1833.
(b) 1873.
(c) 1837.
(d) 1877.

2. In what is Junior interested?
(a) The oil industry.
(b) Becoming wealthy.
(c) Corporate reform.
(d) Banking.

3. The price of crude oil is extremely ___________.
(a) High.
(b) Low.
(c) Steady.
(d) Volatile.

4. In 1878 Thomas Edison invents what?
(a) The radio.
(b) The telephone.
(c) The light bulb.
(d) Natural gas.

5. Within _____ years he has absorbed almost all of them.
(a) Three.
(b) Two.
(c) Four.
(d) Five.

Short Answer Questions

1. John D. is able to negotiate good rates on the railroads for what reason?

2. Rockefeller begins to integrate vertically for what reason?

3. In what year do John D. and Maurice B. Clark open their own business?

4. Junior enters Brown University in what year?

5. When J. P. Morgan decides to form a steel trust in 1900, he has to deal with Rockefeller. Why does Junior handle the negotiations with Morgan?

(see the answer key)

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