The Creature from Jekyll Island: A Second Look at the Federal Reserve Quiz | Four Week Quiz A

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.

The Creature from Jekyll Island: A Second Look at the Federal Reserve Quiz | Four Week Quiz A

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.
Buy The Creature from Jekyll Island: A Second Look at the Federal Reserve Lesson Plans
Name: _________________________ Period: ___________________

This quiz consists of 5 multiple choice and 5 short answer questions through Section I. What Creature Is This? Chapter 4 Home Sweet Loan.

Multiple Choice Questions

1. Many people feel that the economic system has been rigged to favor what group of people?
(a) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the rich by stealing from the poor and middle classes.
(b) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the poor by stealing from the rich and middle classes.
(c) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the rich by stealing from the government revenues.
(d) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the middle classes by stealing from the rich and poor classes.

2. What did the U.S. government do to support banks?
(a) The U.S. government forgave the debot of failing banks.
(b) The U.S. government guaranteed depositor money through Congress.
(c) The U.S. government guaranteed depositor money through private insurance companies.
(d) The U.S. government guaranteed depositor money through the FDIC.

3. When did the American public become interested in socialism as an alternative to capitalism?
(a) After World War II, the American public became interested in socialism as an alternative to capitalism.
(b) During the Great Depression of the 1930s, the American public became interested in socialism as an alternative to capitalism.
(c) During the Cold War, the American public became interested in socialism as an alternative to capitalism.
(d) After LBJ's Great Society was enacted, the American public became interested in socialism as an alternative to capitalism.

4. How did the government provide economic support to Lockheed Corporation in 1970?
(a) In 1970, the US government agreed to pay Lockheed Corporation twenty-percent over their selling prices.
(b) In 1970, Lockheed Corporation was made a unit of the Defense Department.
(c) In 1970, Lockheed Corporation was forgiven of all defense-related debt.
(d) In 1970, Lockheed Corporation had troubles and became a prime government contractor, another way of nationalizing private industry.

5. What action was taken by the Federal Reserve during the 1980s S&L crisis?
(a) The Federal Reserve System usurped the powers of Congress and forgave the S&Ls their debts.
(b) The Federal Reserve System usurped the powers of Congress and started handing out money directly to the S&Ls as well.
(c) The Federal Reserve System usurped the powers of Congress and began crafting legislation to bail out the S&Ls.
(d) The Federal Reserve System usurped the powers of Congress and declared that the S&Ls had the same rights as banks.

Short Answer Questions

1. What is the main transport of both Amtrak and Conrail?

2. What caused the Savings & Loan crisis of the 1980s?

3. Since its inception in 1910, the Federal Reserve had made what decisions about bank bailouts?

4. What did the Federal Reserve System help banks to do?

5. What has caused the economy's boom-bust cycle?

(see the answer key)

This section contains 860 words
(approx. 3 pages at 300 words per page)
Buy The Creature from Jekyll Island: A Second Look at the Federal Reserve Lesson Plans
Copyrights
BookRags
The Creature from Jekyll Island: A Second Look at the Federal Reserve from BookRags. (c)2024 BookRags, Inc. All rights reserved.