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  • Question
  • The bankruptcy of which company initiated the Panic of 1873?


  • Options
  • A. Republic Steel Company
  • B. Jay Cooke & Company
  • C. Standard Oil Company
  • D. Century Building Society

  • Correct Answer
  • Jay Cooke & Company 

    Explanation

    Jay Cooke & Company, a major component of the United States banking establishment, found itself unable to market several million dollars in Northern Pacific Railway bonds in september 1873. Cooke's firm, like many others, had invested heavily in the railroads.

     

    Hence, the bankruptcy of Jay Cooke & company initiated the Panic of 1873.

  • Tags: Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    World History problems


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    • 1. Who wrote the first history book?

    • Options
    • A. Herodotus
    • B. Euclid
    • C. Julius Caesar
    • D. Aristotle
    • Discuss
    • 2. Why did Feudalism end?
    • Discuss
    • 3. Which of the following contributed to the failure of prohibition?

    • Options
    • A. it was not imposed strictly on immigrants
    • B. many americans didnt consider drinking to be a crime
    • C. it adversely affected american productivity
    • D. organized crime controlled illegal alcohol production
    • Discuss
    • 4. In Which three languages is the Rosetta Stone written?
    • Discuss
    • 5. In the ancient world all of France and Belgium and parts of Netherlands, Switzerland and Germany made up one political entity. Which one?
    • Discuss
    • 6. Which of these fields was the lost generation associated with?

    • Options
    • A. Movies
    • B. Literature
    • C. Science
    • D. Music
    • Discuss
    • 7. France joined the Triple Entente because

    • Options
    • A. it needed protection from Germany
    • B. its leaders wanted to take over land in the Balkans
    • C. its leaders wanted to protect French colonies in Africa
    • D. it had a long history of friendship with Great Britain
    • Discuss
    • 8. How did social darwinism affect European Imperialism?
    • Discuss
    • 9. Who was the Roman Emperor when Jesus was crucified?

    • Options
    • A. Augustus
    • B. Antonius Pius
    • C. Livia Drusilla
    • D. Tiberius
    • Discuss
    • 10. What movement tried to end racial discrimination?

    • Options
    • A. The Negro movement
    • B. The Chipko movement
    • C. The Civil Rights movement
    • D. The Feminist movement
    • Discuss


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