TRIVIA QUIZ
HOW MUCH DO YOU KNOW ABOUT FINANCIAL HISTORY?
1. What company, founded by Aaron
Burr, was initially created to provide
clean water to New York City but
became better known for its
banking arm?
2. The year 2020 will mark the 300th
anniversary of the bursting of what
two historically important bubbles?
3. Pennies are no longer made solely
of copper, but are rather composed
of which metal with a thin copper
coating?
4. What percentage of the world’s
money is physical cash, as opposed
to electronic funds?
5. What early American financier
founded the US Coast Guard?
6. What company’s demise exacerbated
the Panic of 1857?
7. What American author painted an
accurate, realistic and dramatic picture
of commodities trading in the early
20th century through his popular
writings on wheat trading?
8. What type of “currency” circulated
widely throughout the United States
during the Great Depression, due
largely to a shortage of US paper
money?
9. What bank was the first independent
joint-stock bank in the United States
and the second bank to receive a
state charter?
36 FINANCIAL HISTORY | Fall 2019 | www.MoAF.org
1. The Manhattan Company 2. The Mississippi
Bubble and the South Sea Bubble
3. Zinc 4. Roughly 8% (in 2019) 5. Alexander
Hamilton 6. Ohio Life Insurance and Trust
Company 7. Frank Norris 8. Scrip
9. The Massachusetts Bank 10. Richard Nixon
10. What US President said, “The Federal
Reserve is independent, certainly
independent of the President,
although the Congress would
suggest that it is not independent
of the Congress”?