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Trivia |
Answers to Business & Finance Trivia1. Al Capone 2. Sutro &Co. make it in 1929 3. The Hunt brothers and their associates. 4. March 31st, 1830 --only 31 shares traded for the day 5. Ronald Reagan on March 28,1985 6. Philadelphia 7. General Motors 8. 1956 9. IBM 10. Delaware 11. Henry Ford 12. Dean Witter and Co. 13. Ford chose Blythe and Co. 14. At 68 Wall Street under a buttonwood tree 15. It rallied from a low of 92.70 in early 1942 to 213.40 by the end of the war 16. The recent civil war in what used to be Yugoslavia has brought on some of worst inflation the world has ever known, far exceeding that of the famed 1923 hyper-inflation of Germany. In 1990, with the collapse of the "communism" throughout Europe, a new currency was introduced, with one of the "new" Dinara being equal to 10,000 of the "old" Dinara. Inflation picked up in 1992, as the Slovenia, Croatia, Bosnia-Herzegovinia, and Macedonia declared their independence from Yugoslavia. Another new currency was introduced, with one of the "new" Dinara being equal to ten of the previous Dinara. By the autumn of 1993, with an international embargo on Yugoslavia and the country trying to support Serb rebels in Croatia and Bosnia-Herzegovinia inflation really got going, and another new currency was introduced, also called the Dinara, with one new Dinara equal to 1 million previous Dinara. Paying for a war by running the printing press does not work. Denominations as high as 500,000,000,000 Dinara were produced, before another new currency was introduced on January 1,1994, with of the new Dinara being equal to 1 billion of the previous Dinara that had been introduced only months before. Thus it took 100,000,000,000,000,000,000 of the new 1994 Dinara to equal one of the pre-1990 Dinara. 17. " I am poor, I am needy." 18. It was the slowest trading day in market history so you could have bought all of the stock for sale on Wall Street. 19. Automobiles 20. Blasting powder 21. The Bay. It sold Rupert’s land to Canada in 1870 for 300,000 pounds. 22. United Fruit Company. The company is now known as the Chiquita Brand International, for its mascot. The Banana Company’s power over countries made them " Banana Republics". 23. It is from 11:00 a.m. to noon Eastern Time. 24. Vacheron Constantin’s Kallista watch was sold for $9 million. Designed in 1977 by the artist Raymond Moretti, the watch features 118 diamond, weighing 130 carats. 25. Patek Philippe’s Calibre 89 fetched a record $2.7 million ($3.2 million with taxes and commission) at auction in 1989. At the time, it was the world’s most complicated timepiece with 1,728 parts and 33 functions. 26.
27. The $23 billion merger between SBC and the UBS gave birth to the largest assets manager in the world. 28. The US markets introduced circuit breakers after the crash of Oct. 1987. The circuit breakers halt trading for 30 minutes when the Dow falls by 350 points or more, and for 1 hour when the Dow falls 550 points or more. These were came into use for the first time on Oct. 27, 1997 when the DJIA tumbled 554, the biggest points drop in history. 29. The buck was a term originally used to refer simply to a deerskin, a common medium of exchange in frontier days. 30. The first derivative product was an option. Some historians have found references to options in the Bible. Options were actively traded during the Dutch Tulip Bulb craze starting in 1647 predating the start-up of organized stock exchanges by a century. Options traded informally on the floor at the NYSE in 1817. In 1869 Russell Sage invented options strategies as a cover for usurious insurance loans. The Securities and Exchange Act of 1934 led to the formation of the Put and Call Brokers and Dealers Association. Listed options put an end to the 30 put and call brokers trading options in the over-the-counter market on the day the Chicago Board Options Exchange started trading. That day was April 26,1973 when options on 16 issues began trading. Today options on over 2100 securities trade on 4 exchanges. (CBOE, AMEX, PE, PHLX). 31. Investors poured a record $37.5 billion into mutual funds in March of 1998, eclipsing the previous monthly record for net mutual-fund investment of $32.7 billion, set in January 1996. 32. Ucar International Inc., the nation's leading maker of graphite electrodes, has agreed to pay a $110 million fine for price fixing. 34. Exxon-Mobile proposed merger is the world's
largest oil concern with a market capitalization of more
than $236 billion. |
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