Will Rockefeller Made $36 MILLION Out of Thin Air

Will Rockefeller Made $36 MILLION Out of Thin Air

Assessment

Interactive Video

History, Business

11th Grade - University

Hard

Created by

Quizizz Content

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The video explains a financial maneuver where a company was purchased and resold using stock to create $36 million in cash without adding any real value. This involved buying Anaconda Copper, creating a holding company, and using stock market strategies to cover the initial purchase, highlighting a critique of capitalism.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial purchase price of Anaconda Copper?

$100 million

$75 million

$39 million

$36 million

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the name of the holding company created after purchasing Anaconda Copper?

Consolidated Copper

United Copper

Amalgamated Copper

Copper Holdings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How was the value of Anaconda Copper inflated to $75 million?

By investing in new technology

By merging with another company

By using Amalgamated stock for the purchase

By increasing production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the outcome of selling Amalgamated Copper stock on the market?

The company went bankrupt

It generated $36 million in cash

The stock value decreased

It led to a merger with another company

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the total value of the company after the stock market maneuver?

$39 million

$100 million

$36 million

$75 million