Northern Securities Company - 2024 ACF Fall

Question

Answer the following about J.P. Morgan’s business ventures, for 10 points each.

[10h] Following the bankruptcy of the Northern Pacific Railway, J.P. Morgan formed this company to consolidate Midwestern railroads before it was declared a monopoly in a 1904 Supreme Court case.

ANSWER: Northern Securities Company

[10m] J.P. Morgan locked several bankers in his library to help alleviate a 1907 event given this name. Earlier, he formed the Morgan-Belmont Syndicate to resolve another event given this name in 1893.

ANSWER: panics [accept Panic of 1907 or Panic of 1893 or 1907 Bankers’ Panic; prompt on Knickerbocker Crisis or financial crises or economic crises; prompt on runs on banks; prompt on economic depressions]

[10e] Resolving the Panic of 1907 involved merging the TC&I into a company producing this good. J.P. Morgan helped merge the companies of William Moore, Elbert Gary, and Andrew Carnegie that produced this good.

ANSWER: steel [accept U.S. Steel or United States Steel; reject “iron”]

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Summary


2024 ACF Fall at Cornell	fall	Y	9	21.11	100%	89%	22%
2024 ACF Fall at Ohio State	fall	Y	8	15.00	100%	50%	0%
2024 ACF Fall at Washington	fall	Y	6	18.33	100%	83%	0%
2024 ACF Fall at Georgia	fall	Y	12	19.17	92%	100%	0%
2024 ACF Fall at North Carolina	fall	Y	9	15.56	100%	56%	0%
2024 ACF Fall at Claremont Colleges	fall	Y	5	14.00	100%	40%	0%
2024 ACF Fall at Rutgers	fall	Y	8	16.25	100%	63%	0%
2024 ACF Fall at Illinois	fall	Y	9	18.89	100%	89%	0%

Data


ESF	Binghamton A	0	10	10	20
Syracuse	Binghamton B	0	10	10	20
Cornell A	RIT C	10	10	10	30
Cornell C	Cornell F	0	10	10	20
Cornell B	Cornell E	0	10	10	20
Cornell D	Cornell G	10	10	10	30
Penn State	RIT B	0	10	10	20
RIT A	U of Rochester A	0	10	10	20
U of Rochester B	Binghamton C	0	0	10	10
CWRU B (DII)	Michigan B (UG)	0	10	10	20
CWRU C (UG)	Miami A (UG)	0	0	10	10
Miami B (UG)	Michigan C	0	0	10	10
Jefferson County Scholars (DII)	Miami C (DII)	0	10	10	20
West Virginia A (UG)	Michigan State B	0	10	10	20
Ohio State A (UG)	Michigan D (UG)	0	0	10	10
Michigan State A	Ohio State B (DII)	0	10	10	20
Ohio State C (DII)	West Virginia B (UG)	0	0	10	10
Alberta	Boise State	0	10	10	20
Arizona State A	UW Pride	0	10	10	20
Arizona State B	UBC A	0	10	10	20
UW Chastity	UW Lust	0	10	10	20
UW Wrath	UW Envy	0	0	10	10
UW Greed	UW Sloth	0	10	10	20
Auburn B	Alabama A	0	10	10	20
Georgia A	Auburn C	0	10	10	20
Emory Oxford	Georgia Tech C	0	10	10	20
Emory Oxford	Georgia Tech C	0	10	0	10
Emory Oxford	Belmont	0	10	10	20
Emory Oxford	Belmont	0	10	0	10
Furman	Mississippi State A	0	10	10	20
Furman	Mississippi State A	0	10	10	20
Furman	Mississippi State A	0	10	10	20
Furman	Mississippi State A	0	10	10	20
Furman	Mississippi State A	0	10	10	20
Furman	Mississippi State A	0	10	10	20
Furman	Mississippi State A	0	10	10	20
Furman	Mississippi State A	0	10	10	20
Clemson A	Georgia Tech A	0	10	10	20
Georgia Tech B	Georgia Tech E	0	10	10	20
Emory Oxford	Georgia Tech C	0	10	10	20
Emory Oxford	Georgia Tech C	0	10	0	10
Emory Oxford	Belmont	0	10	10	20
Emory Oxford	Belmont	0	10	0	10
Georgia Tech D	South Carolina B	0	10	10	20
Clemson B	South Carolina A	0	10	10	20
Auburn A	Tennessee B	0	10	10	20
Vanderbilt A	Vanderbilt B	0	10	10	20
Tusculum	Appalachian State B	0	0	10	10
William & Mary	Duke A	0	0	10	10
James Madison B	James Madison A	0	0	10	10
Virginia Tech A	Liberty C	0	10	10	20
NC State	Appalachian State A	0	10	10	20
Liberty B	UNC A	0	10	10	20
Duke B	UNC C	0	10	10	20
Virginia	VCU	0	0	10	10
Virginia Tech B	UNC D	0	10	10	20
UCLA C	Claremont A	0	10	10	20
UCLA A	UCLA D	0	10	10	20
UCLA B	Claremont C	0	0	10	10
Claremont B	UCSD	0	0	10	10
UCLA E	USC	0	0	10	10
Maryland B (DII)	Bard A (UG)	0	0	10	10
Columbia A (UG)	Penn B (DII)	0	10	10	20
Lehigh A (UG)	Columbia B	0	0	10	10
Princeton A (UG)	Fordham A	0	10	10	20
Maryland A (DII)	Penn A (DII)	0	10	10	20
NYU A (UG)	Columbia J (DII)	0	10	10	20
Rowan A (DII)	Rutgers A (UG)	0	0	10	10
Rutgers B	NYU B	0	10	10	20
Illinois A	Chicago B	0	10	10	20
Purdue C	Illinois C	0	0	10	10
Notre Dame C	Indiana	0	10	10	20
Iowa A	Illinois D	0	10	10	20
Northwestern A	Iowa B	0	10	10	20
WashU A	Northwestern B	0	10	10	20
Notre Dame A	WashU B	0	10	10	20
SIUE	Notre Dame B	0	10	10	20
Purdue B	Illinois B	0	10	10	20