John Jacob Astor, Who Seemed to Exemplify the "Self-Made Man

question 63

Multiple Choice

John Jacob Astor, who seemed to exemplify the "self-made man":

• A) turned out to be a fraud, for it was discovered he counterfeited much of his fortune.
• B) used his great wealth to finance the North during the Civil War.
• C) made huge profits from distributing the machines built by Thomas Rodgers.
• D) began his economic ascent through the purchase of Philadelphia real estate.
• E) became wealthy trading goods between the United States and China.

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Definitions:

Exchange Rate

The rate at which one currency can be exchanged for another currency.

Canadian Dollar

The official currency of Canada, abbreviated as CAD.

Samurai Bond

A Japanese yen-denominated bond issued in Japan by a non-Japanese entity.

Japan

A country located in East Asia, known for its rich culture, technological advancements, and economic significance.