J.P. Morgan Trivia Game

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April Smith
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Quizzes Created: 28 | Total Attempts: 20,421
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J.P. Morgan Trivia Game - Quiz

Play the J. P. Morgan Trivia Game after the reading.


Questions and Answers
  • 1. 

    J.P. Morgan was the richest man in America.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    There are so many myths about John Pierpont Morgan that we need to get a few things straight. He was not the richest man in America. People just thought he was. Rockefeller and Carnegie were richer.

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  • 2. 

    What type of business did J.P. Morgan help make better and more efficient?

    • A.

      Finance industry

    • B.

      Steel industry

    • C.

      Oil industry

    • D.

      Publishing industry

    Correct Answer
    A. Finance industry
    Explanation
    Morgan was a banker - a money man - and he had the ability to take a confused situation and make it orderly. In the years after the Civil War, the American world of business was very disorderly. J.P. Morgan helped make it efficient.

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  • 3. 

    When a leading trust company was about to collapse and put the American economy into a financial depression, what did J.P. Morgan do to get other financiers to lend money to save the trust?

    • A.

      He asked them to meet at his library and locked them in until they agreed to do so while he played solitaire

    • B.

      He called them to a meeting and stole all of their wallets, then gave the money to the failing trust company

    • C.

      He threatened to buy all of the other banks that the financiers owned and put them out of business unless they agreed to help

    • D.

      He did not do anything because he did not care

    Correct Answer
    A. He asked them to meet at his library and locked them in until they agreed to do so while he played solitaire
    Explanation
    Morgan called the nation's leading financiers to a meeting to a meeting in his own marble library building. He asked them to lend money to save the trust. Then he locked the library's doors. He sat and played solitaire while the bankers paced and argued.

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  • 4. 

    J.P. Morgan loaned money to the United States Government.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Once when the U.S. Treasury seemed to be on the edge of collapse - it didn't have enough gold in reserve to meet its bills - J.P. Morgan loaned the nation $62 million.

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  • 5. 

    What hobby did J.P. Morgan have?

    • A.

      Collecting valuable art

    • B.

      Going to the theater

    • C.

      Playing baseball

    • D.

      Attending symphony concerts

    Correct Answer
    A. Collecting valuable art
    Explanation
    Morgan had one of the world's great private art collections. Some magnificent art treasures hung on the library's walls. A Gutenberg Bible and Thoreau's manuscripts sat on the shelves.

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  • 6. 

    J.P. Morgan was a very dishonest man.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Though J.P. Morgan was imposing, when he gave his word, he kept it.

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  • 7. 

    What was the difference in the way John Rockefeller and J.P. Morgan did business?

    • A.

      Rockefeller took a long time to make decisions. J.P. Morgan made decisions quickly.

    • B.

      J.P. Morgan took a long time to make decisions. Rockefeller made decisions quickly.

    • C.

      Rockefeller would always say no to those who needed help. J.P. Morgan would always say yes to those who needed help.

    • D.

      Rockefeller would always say yes to those who needed help. J.P. Morgan would always say no to those who needed help.

    Correct Answer
    A. Rockefeller took a long time to make decisions. J.P. Morgan made decisions quickly.
    Explanation
    When the trustees of Harvard Medical School needed money to expand their school, they went to several rich men. Rockefeller, with his careful methodical mind, told them it would take six months to study their plans. Morgan listened to the Harvard representatives, looked at his watch - he was busy that day - pointed to their plans, and said, "I will build that, and that, and that. Good Morning, gentlemen." And he led them to the door.

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  • 8. 

    J.P. Morgan started off poor and worked his way up to become wealthy.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    J.P. Morgan was not like Andrew Carnegie. He did not start off as a poor boy and work his way to riches. He started at the top. His father was an international banker.

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  • 9. 

    Though J.P. Morgan was a banker, he was not really all that smart.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Once, when he disagreed with an answer in his arithmetic book, he claimed he was right and the book was wrong. Turned out he was right. He had caught the book in a misprint.

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  • 10. 

    How were J.P. Morgan and Rockefeller alike?

    • A.

      They were both very orderly and precise

    • B.

      They were both bankers

    • C.

      They were both graduates from Yale University

    • D.

      They were both dishonest men

    Correct Answer
    A. They were both very orderly and precise
    Explanation
    Morgan's mind was very orderly. He got a weekly allowance and he kept a record of every penny he spent. When he grew up, he did the same thing. Rockefeller brought order to the oil business and his precise methods led him to lead the oil industry.

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  • 11. 

    What was the name of J.P. Morgan's bank business?

    • A.

      House of Morgan

    • B.

      First National Bank

    • C.

      Morgan Financial

    • D.

      Federal Bank of America

    Correct Answer
    A. House of Morgan
    Explanation
    J.P. Morgan's bank business was known as the House of Morgan. This name refers to the banking empire that J.P. Morgan and his family built, which became one of the most powerful and influential financial institutions in the United States. The House of Morgan played a significant role in shaping the American economy, providing financial services to corporations, governments, and individuals. This name is synonymous with J.P. Morgan's legacy in the banking industry.

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  • 12. 

    What important thing did J.P. Morgan accomplish before anyone else in the world?

    • A.

      Owned the first billion dollar corporation

    • B.

      Funded the world peace organization

    • C.

      Became president of the New World Society

    • D.

      Visited every country in the world

    Correct Answer
    A. Owned the first billion dollar corporation
    Explanation
    Remember, it was J.P. Morgan who bought Carnegie's steel company; then he bought huge metal ore reserves from Jon D. Rockefeller and founded the U.S. Steel Corporation. It was the nation's first billion -dollar corporation.

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  • 13. 

    J.P. Morgan's bank was involved in almost every important field of American business.  It controlled railroads, shipping, the manufacture of agricultural tools, telephones, telegraphs, electrical power, insurance, city transportation, the steel industry and the oil industry.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    By the beginning years of the new century, the House of Morgan (the name of his bank) could be found in almost every important field of American business. It controlled railroads, shipping, the manufacture of agricultural tools, telephones, telegraphs, electrical power, insurance, and city transportation. Remember, it was J.P. Morgan who bought Carnegie's steel company; then he bought huge metal ore reserves from Jon D. Rockefeller and founded the U.S. Steel Corporation.

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  • 14. 

    What major character was drawn to look like J.P. Morgan?

    • A.

      Elmer Fudd

    • B.

      Rich Uncle Pennybags

    • C.

      Popeye the Sailor Man

    • D.

      Charlie Brown

    Correct Answer
    B. Rich Uncle Pennybags
    Explanation
    The correct answer is Rich Uncle Pennybags. Rich Uncle Pennybags, also known as Mr. Monopoly, is a character from the popular board game Monopoly. He is depicted as a wealthy businessman wearing a top hat, monocle, and formal attire, similar to the appearance of J.P. Morgan, a prominent American financier and banker from the early 20th century. The similarity in their appearance suggests that the character of Rich Uncle Pennybags was intentionally designed to resemble J.P. Morgan.

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