Gas Pump Value and History

Gas Pump Value and History

Assessment

Interactive Video

Business, History, Fun

6th - 10th Grade

Hard

Created by

Amelia Wright

FREE Resource

The video discusses the negotiation and sale of a Martin Schwarz scrip top mobile gas pump from the 1940s. The seller and buyer discuss the pump's condition, history, and value, leading to a negotiation over the price. The seller initially asks for $1,500 for the pump and an authorized sign, but the buyer negotiates the price down to $900 for the pump alone. The video concludes with the sale and a reflection on the process of finding and valuing unique items.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial reaction to the gas pump's price?

It was seen as too high.

It was ignored.

It was considered a bargain.

It was immediately accepted.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is unique about the Martin Schwarz scrip top mobile gas pump?

It is the only one ever made.

It has a rare plastic component.

It is made of gold.

It is from the 1960s.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the seller's sentiment about the gas pump's condition?

It was brand new.

It was in perfect condition.

It was in poor condition but still interesting.

It was beyond repair.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where did the gas pump originally come from?

Southern California

Western New York

Eastern Texas

Northern Wisconsin

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the seller's initial plan for the gas pump?

To sell it immediately

To restore it and keep it in the basement

To donate it to a museum

To use it in a gas station

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the seller's experience with the gas pump's value?

He thought it was overpriced.

He was unsure of its value.

He believed it was worth big bucks.

He thought it was worthless.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much was initially offered for the gas pump and the sign together?

$2,000

$1,500

$1,000

$2,500

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