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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9-10.

Multiple Choice Questions

1. They dissolve their partnership when and agree to auction the firm to the highest bidder?
(a) July 1865.
(b) April 1865.
(c) February 1865.
(d) September 1865.

2. Descendants Godfrey and Lucy immigrate to sparsely settled territory around ________, New York in the 1830s.
(a) East Hampton.
(b) New Rochelle.
(c) Ithaca.
(d) New York.

3. John D. receives a good introduction to the business world at Hewitt and Tuttle. He learns a great deal about what?
(a) The book industry.
(b) The mercantile industry.
(c) The transportation industry.
(d) The oil industry.

4. After the end of the SIC, Rockefeller comes up with a new plan, called what?
(a) The Cleveland Plan.
(b) The Toledo Plan.
(c) The Pittsburgh Plan.
(d) The Philadelphia Plan.

5. By 1870, there is so much overproduction and falling prices that John D. begins to worry about what?
(a) His family.
(b) His wealth.
(c) His health.
(d) The economy.

Short Answer Questions

1. In what year does the economy enter into a downturn that lasts for six years?

2. Big Bill runs a _______________ business and a hired worker who runs his farm.

3. Bill continues his wanderings and becomes a ___________ when he marries Margaret Allen in 1855.

4. John D. and Cettie keep their circle of friends from business, family and church and never go where?

5. In 1853, Bill moves the family to ______________ and leaves them at the home of his sister and brother-in-law.

(see the answer key)

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