Q 01/05

What did the initials in J. P. Morgan's name stand for?

A) Junius Pierrepont

B) John Pierpont

C) James Peabody

D) Joseph Peter

Answer · why

B) John Pierpont

He preferred to be called Pierpont; his uncle James Lord Pierpont wrote Jingle Bells.

Q 02/05

J. P. Morgan was born in 1837 in which city?

A) New York City

B) Boston, Massachusetts

C) Hartford, Connecticut

D) Philadelphia

Answer · why

C) Hartford, Connecticut

He is buried there too, in Cedar Hill Cemetery; his grandfather Joseph co-founded the Aetna insurance company in the city.

Q 03/05

Morgan's uncle James Lord Pierpont composed which famous song?

A) Yankee Doodle

B) Jingle Bells

C) Silent Night

D) Camptown Races

Answer · why

B) Jingle Bells

Morgan's mother Juliet was the daughter of the poet John Pierpont.

Q 04/05

In 1901 Morgan merged Andrew Carnegie's business with others to form which company, the world's first billion-dollar corporation?

A) International Harvester

B) U.S. Steel

C) Bethlehem Steel

D) General Electric

Answer · why

B) U.S. Steel

Its authorised capitalisation was $1.4 billion and it controlled two-thirds of the American steel market.

Q 05/05

During which financial crisis did Morgan gather the nation's bankers in his library and force them to devise a rescue plan?

A) The Panic of 1907

B) The Panic of 1893

C) The Crash of 1929

D) The Panic of 1857

Answer · why

A) The Panic of 1907

There was no central bank yet; the episode helped bring about the Federal Reserve six years later.