92 Questions
Which president stopped the coinage of silver in 1806?
Jefferson
Which banking policy led to the removal of silver from the money supply?
The Crime of '73
Who was the president of the Second Bank of the United States?
Nicholas Biddle
Which committee investigated the interconnectedness of boards in the banking system?
The Pujo Committee
Which of the following was NOT one of Hamilton's proposals for the First Bank?
Pay off foreign debt
What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?
The bank's stock was mostly held by foreigners
What event led to the realization of the necessity of a central bank for the Jeffersonians?
The War of 1812
Which monetary system was the US decimal system based on?
C. British
What government corporation did Hoover create which would later experience increased funding during FDR’s administration?
C. Reconstruction Finance Corporation
What about the Second Bank is different from the First Bank?
A. Had to pay the federal govt. a bonus of 1.5m
Which act forbade intercorporate stockholding and price discrimination?
C. Clayton Antitrust Act of 1914
Who was responsible for the shipping of perishable ice to the Far East?
A. Frederic Tudor
Which act forbade intercorporate stockholding and price discrimination that lessened competition?
A. Clayton Antitrust Act of 1914
What event led to the declaration of a bank holiday by Roosevelt on March 6th, 1933?
A. The Great Depression
Which country was liberated from Colombia and acquired French rights for building the Panama Canal?
A. Panama
Who was responsible for the shipping of perishable ice to the Far East?
A. Frederic Tudor
What act forbade intercorporate stockholding and price discrimination?
A. Clayton Antitrust Act of 1914
Which country was liberated from Colombia and acquired French rights for building the Panama Canal?
D. Panama
What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?
A. It would give too much power to the federal government
Which president stopped the coinage of silver in 1806?
B. Thomas Jefferson
Which banking policy led to the removal of silver from the money supply?
C. The Specie Circular
What event led to the declaration of a bank holiday by Roosevelt on March 6th, 1933?
B. The Great Depression
Which political parties emerged as a result of Hamilton's proposals for the First Bank?
Federalists and Democrat-Republicans
What was one of the reasons why Southerners disliked the First Bank?
They thought it favored the North
Why was the charter of the First Bank not renewed in 1811?
Disorganized payments
What event showed the Jeffersonians the necessity of a central bank?
War of 1812
What was one of the similarities between the First Bank and the Second Bank?
Government had 1/5 of the stock
What was one of the differences between the First Bank and the Second Bank?
The character of government prescription
What did Hamilton argue would help establish credit?
Paying debts in full
Which of the following acts resulted in the creation of the Federal Deposit Insurance Corporation?
Glass-Steagall Banking Act
The Federal Reserve System was originally intended to:
Conduct Monetary Policy
Introducing more silver into the money supply would positively affect:
Debtors
Certificates of Deposits (CDs) experienced a wide success in the 1960s, with a dollar amount invested in the first seven years reaching:
$44 bn
During 1790-1807 total US exports increased:
5x (60M > 300M)
What government corporation did Hoover create which would later experience increased funding during FDR’s administration?
Reconstruction Finance Corporation
Which of the following is NOT a reason Jeffersonians realized the necessity of a national bank after the War of 1812?
Uniform currency faced massive inflation
Who of the following became the Governor of the Federal Reserve Bank of New York?
Benjamin Strong Jr.
Which act forbade intercorporate stockholding and price discrimination?
Clayton Antitrust Act of 1914
Which president reorganized the Second Bank under new leadership and conservative lines?
Nicholas Biddle
Which of the following statements about the Second Bank is true?
It was almost bankrupt in 1823
Which act resulted in the removal of silver from the money supply?
The Sherman Silver Purchase Act
Which committee investigated the interconnectedness of boards in the banking system?
The Pujo Committee
Which of the following was NOT one of Hamilton's proposals for the First Bank?
Pay a $1.5 million bonus for a monopoly
What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?
The bank had a monopoly
What event led to the realization of the necessity of a central bank for the Jeffersonians?
The War of 1812
Who was responsible for the shipping of perishable ice to the Far East?
A. Frederic Tudor
What event led to the declaration of a bank holiday by Roosevelt on March 6th, 1933?
D. The Emergency Banking Act
Which of the following acts resulted in the creation of the Federal Deposit Insurance Corporation?
C. The Glass-Steagall Banking Act of 1933
Which country was liberated from Colombia and acquired French rights for building the Panama Canal?
C. Panama
Which president reorganized the Second Bank under new leadership and conservative lines?
Andrew Jackson
What was the main reason for the declaration of a bank holiday by Roosevelt on March 6th, 1933?
To prevent further bank failures
What was the purpose of the Federal Reserve System when it was originally established?
To facilitate commercial banking
Which committee investigated the interconnectedness of boards in the banking system?
Pujo Committee
What event led to the realization of the necessity of a central bank for the Jeffersonians?
The Biddle's Panic
What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?
It violated states' rights
What act resulted in the removal of silver from the money supply?
National Bank Act
Which monetary system was the US decimal system based on?
C. British
The world has been divided into three great trading blocks:
C. North America, Europe, Asia
Who owned 87% of New York City Central shares during the 19th century?
A. William H. Vanderbilt
Which of the following acts resulted in the creation of the Federal Deposit Insurance Corporation?
D. Banking Act of 1935
The Federal Reserve System was originally intended to:
B. Conduct Monetary Policy
Introducing more silver into the money supply would positively affect:
C. Debtors
Certificates of Deposits (CDs) experienced a wide success in the 1960s, with a dollar amount invested in the first seven years reaching:
B. $20 bn
During 1790-1807 total US exports increased:
A. 5x (60M > 300M)
What government corporation did Hoover create which would later experience increased funding during FDR’s administration?
C. Reconstruction Finance Corporation
Which of the following is NOT a reason Jeffersonians realized the necessity of a national bank after the War of 1812?
A. War time currency was disorganized
Who of the following became the Governor of the Federal Reserve Bank of New York?
A. Benjamin Strong Jr.
Which act forbade intercorporate stockholding and price discrimination?
C. Clayton Antitrust Act of 1914
What about the Second Bank is different from the First Bank?
C. Had a 20 year charter
The AID program helped fuel which American industry?
C. Agriculture
Which president reorganized the Second Bank of the United States under new leadership and conservative lines?
James Madison
What was the main reason for the unpopularity of the Second Bank of the United States?
It was considered a 'Monster'
Which president moved all funds from the Second Bank of the United States to 'pet banks'?
Andrew Jackson
Which event led to the bankruptcy of the Second Bank of the United States?
The Panic of 1837
Which banking policy led to the distrust of state banks?
The prevalence of Wildcat banks
Which committee investigated the interconnectedness of boards in the banking system?
The Pujo Committee
Which individual was known as 'the greatest financier in history' and played a significant role in the formation of the Federal Reserve System?
J.P. Morgan
Which company dominated the computer industry in the early years and focused on tech consulting and manufacturing technology hardware?
IBM
What was the perception of the 'Man in Gray Flannel Suit' in relation to IBM?
Company rules
In which decade did corporate giving increase from 30 million to 482 million?
1950s
Which company was ranked #11 in the Forbes Top 100 List in 2020?
Mary Kay
Who founded Mary Kay?
Mary Kay Ash
Which company was heavily criticized for their use of sweatshops?
Nike
Who successfully embodied the identity of a 'man who achieved massive wealth despite humble origins'?
JPMorgan
Which act created a minimum wage and maximum work week as part of the New Deal?
Fair Labor Standards Act
Which government agency was created by the Securities Exchange Act of 1934 to regulate the offer and sale of securities?
Securities and Exchange Commission (SEC)
What was the main purpose of the Agricultural Adjustment Act (AAA)?
To control the supply and demand of agricultural products
What was one of the key effects of the Fair Labor Standards Act (1938)?
Established a minimum wage and maximum work week
Which two major products were included in the merger that established PepsiCo in 1898?
Diet Pepsi and Fritos
What percentage of PepsiCo's total revenue comes from sodas?
37%
Which health goals does PepsiCo hope to achieve by 2025?
Reduced added sugars, reduced saturated fats, and increased positive nutrition
What environmental initiatives has PepsiCo undertaken?
Removed 100 million pounds of packaging from the market and striving for 100% recyclable packaging
Quiz: The Legacy of J.P. Morgan and the Impact of His Actions Test your knowledge on the influential figure, J.P. Morgan, and the lasting effects of his actions. Explore topics such as the Clayton Antitrust Act, the Federal Reserve Act, and the transformation of the banking system. Discover the significant changes brought about by Morgan's directorships and the impact on the economy.
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