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

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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.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the initial purchase price of Anaconda Copper?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What company did he create to facilitate the purchase of Anaconda Copper?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the evaluated purchase price of Anaconda Copper when bought through Amalgamated Copper?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain how the individual managed to pay for a $39 million company without having the money.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the individual create $36 million in cash?

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