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

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.
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This quiz consists of 5 multiple choice and 5 short answer questions through Section IV. A Tale of Three Banks, Chapters 16-19 The Creature Comes to America; A Den of Vipers; Loaves and Fishes, and Civil War; Greenbacks and Other Crimes.

Multiple Choice Questions

1. What is the fundamental basis of capitalism?
(a) The main idea behind capitalism was providing welfare to the less fortunate.
(b) The main idea behind capitalism was investment and return on investment.
(c) The main idea behind capitalism was making investments in foreign interests.
(d) The main idea behind capitalism was making money and hoarding cash.

2. What caused wildcat banks to develop?
(a) The central bank reintroduced deflation, and as the country expanded, wildcat banks developed in the wilderness.
(b) The central bank provided generous funds for loans, and as the country expanded, wildcat banks developed in the wilderness.
(c) The central bank reintroduced inflation, and as the country expanded, wildcat banks developed in the wilderness.
(d) The Federal Reserve reintroduced inflation, and as the country expanded, wildcat banks developed in the wilderness.

3. What problems did the economy of the American Colonies incur?
(a) The American Colonies experienced terrible bouts of inflation.
(b) The American Colonies experienced terrible bouts of deflation.
(c) The American Colonies experienced instability in their economy.
(d) The American Colonies experienced economic uncertainty due to interference by England.

4. After analysis, what was the real nature of the S&L system?
(a) The S&L system turned out to actually be criminal.
(b) The S&L system turned out to actually be operated by international interests.
(c) The S&L system turned out to actually be a cartel within a cartel.
(d) The S&L system turned out to actually be a scam.

5. What drove prices upward during the War of 1812?
(a) During the War of 1812, the central bank created bank notes that the government used to purchase war materials, tripling the money supply and driving prices upwards.
(b) During the War of 1812, the US Congress created bank notes that the government used to purchase war materials, tripling the money supply and driving prices upwards.
(c) During the War of 1812, the Federal Reserve created bank notes that the government used to purchase war materials, tripling the money supply and driving prices upwards.
(d) During the War of 1812, wildcat banks created bank notes that the government used to purchase war materials, tripling the money supply and driving prices upwards.

Short Answer Questions

1. Conspiracy theorists connected the potential of world socialism to what organization?

2. In what year was the concept of the Federal Reserve first developed?

3. What was a fundamental flaw in a paper money system not backed by gold?

4. When was the first central bank founded in the US?

5. What generalization did the author make about conspiracy theorists?

(see the answer key)

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