HOW MUCH DO YOU KNOW ABOUT FINANCIAL HISTORY?

1. In how many years since 1950 has the United States had a balanced federal budget?

2. What was the highest-performing mutual fund of the 20th century, with an annualized return of over 29 % from 1977 to 1990?

3. What former chairman of the New York Stock Exchange was appointed chairman of the SEC by President George W. Bush?

4. What CEO of General Electric was particularly friendly with President Ronald Reagan?

5. In what company did Warren Buffett purchase a 5 % stake of common stock in 1966?

6. What bank— established in 1865 following the abolition of slavery— permanently closed its doors on July 2, 1874?

7. What legislation was the result of two years of agitation by the Free Silver Movement?

8. Who served as the last president of the Freedman’ s Bank?

9. In what year was the federal gas tax last raised?

10. What company’ s 1720 collapse caused what is often referred to as the first financial crash?

1. Four( 1999, 2000, 2001 and 2002) 2. Fidelity’ s Magellan Fund 3. William H. Donaldson 4. Jack Welch 5. Walt Disney Productions 6. The Freedman’ s Bank 7. The Bland-Allison Act 8. Frederick Douglass 9. 1993 10. South Sea Company www. MoAF. org | Spring 2025 | FINANCIAL HISTORY 43