The Creature from Jekyll Island: A Second Look at the Federal Reserve Test | Final Test - Easy

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 test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What would be the role of the IMF and World Bank in the new world order?
(a) The IMF and World Bank would control cash flow.
(b) The IMF and World Bank would force the new world currency on all nations.
(c) The IMF and World Bank would limit lending.
(d) The IMF and World Bank would force the bust-boom cycle.

2. What decade marked the beginning of a tremendous surge in U.S. debt?
(a) The U.S. grew its debt tremendously since 1950.
(b) The U.S. grew its debt tremendously since 1910.
(c) The U.S. grew its debt tremendously since 1960.
(d) The U.S. grew its debt tremendously since 1930.

3. What caused England to nearly go broke?
(a) The British pound suffered in the European market, which led to the country nearly going broke.
(b) The British pound suffered in the Asian market, which led to the country nearly going broke.
(c) The British pound suffered in the US market, which led to the country nearly going broke.
(d) The British pound suffered in the international markets, which led to the country nearly going broke.

4. What culture first developed the modern equivalent of the banking industry?
(a) The city-state of Athens was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(b) The city-state of Venice was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(c) The city-state of Rome was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(d) The city-state of Sparta was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.

5. What caused the boom-bust cycle in the U.S. economy following the Civil War?
(a) The boom-bust cycle was due to the widespread use of paper currency not based by the gold standard.
(b) The boom-bust cycle was due to the lack of oversight by the US Congress.
(c) The boom-bust cycle was due to the establishment of the Federal Reserve.
(d) The boom-bust cycle was due to the widespread use of fiat money and the implementation of many economic tricks that were doomed to failure.

6. The Rothschild family held sway over most political leaders with the exception of what historic figure?
(a) The Rothschild family held no political influence over Napoleon.
(b) The Rothschild family held no political influence over Vladimir Lenin.
(c) The Rothschild family held no political influence over Kaiser Wilhelm II.
(d) The Rothschild family held no political influence over Adolph Hitler.

7. How many revolutions did Russia actually undergo?
(a) Russia went through two revolutions.
(b) Russia went through three revolutions.
(c) Russia went through five revolutions.
(d) Russia went through seven revolutions.

8. How were some organizations able to profit during the boom-bust cycle?
(a) Big fortunes were also made by powerful financiers through legislation that favored them. The Bank of England, the House of Morgan and the Rothschilds were among the winners.
(b) Big fortunes were also made by powerful financiers through illegal operations. The Bank of England, the House of Morgan and the Rothschilds were among the winners.
(c) Big fortunes were also made by powerful financiers through market manipulations. The Bank of England, the House of Morgan and the Rothschilds were among the winners.
(d) Big fortunes were also made by powerful financiers by hoarding cash. The Bank of England, the House of Morgan and the Rothschilds were among the winners.

9. The Bank of North America was disbanded after what event?
(a) At the end of the Spanish American War, The Bank of North America was disbanded.
(b) At the end of the Revolutionary War, The Bank of North America was disbanded.
(c) At the end of World War I, The Bank of North America was disbanded.
(d) At the end of the Civil War, The Bank of North America was disbanded.

10. What did the USSR implement instead of true Communism?
(a) The USSR never implemented true Communism but became a money-making machine for the secret money society that was controlled by the United Nations.
(b) The USSR never implemented true Communism but became a money-making machine for those trying to establish a quasi-capitalist system of government.
(c) The USSR never implemented true Communism but became a money-making machine for the secret money society that had turned into several branches called Round Tables.
(d) The USSR never implemented true Communism but became a money-making machine for the Axis powers.

11. What deal did the U.S. make with England during World War I regarding the British ship Lusitania?
(a) In a deal struck between England and the US, the British ship Lusitania ambushed a U-boat operating in the North Atlantic near Ireland.
(b) In a deal struck between England and the US, the British ship Lusitania was set up to be sunk by a U-boat operating in the Black Sea.
(c) In a deal struck between England and the US, the British ship Lusitania was set up to be sunk by a U-boat operating off the coast of Italy.
(d) In a deal struck between England and the US, the British ship Lusitania was set up to be sunk by a U-boat operating in the North Atlantic near Ireland.

12. How did some organizations profit during boom-bust cycles by buying bonds?
(a) Buying up bonds during busts gained tremendous value during the Great Depression.
(b) Buying up bonds during booms gained tremendous value during bust times.
(c) Buying up bonds during busts gained tremendous value ten years later.
(d) Buying up bonds during busts gained tremendous value during boom times.

13. What was the motivation for the Rothschilds to finance wars?
(a) The Rothschilds supported wars to fight for their liberal causes.
(b) The Rothschilds supported wars for eventual world dominance.
(c) The Rothschilds supported wars to perpetuate wars for the sake of making money.
(d) The Rothschilds supported wars to fight for their conservative causes.

14. What occurred after the economic downturn in 1818?
(a) After the economic downturn in 1818, a period of deflation followed.
(b) After the economic downturn in 1818, layoffs and bankruptcies followed.
(c) After the economic downturn in 1818, loans were difficult to obtain.
(d) After the economic downturn in 1818, revenues were bolstered by increased taxation.

15. What was the role of the British Ship Lusitania in World War I?
(a) The Lusitania was being used to transport soldiers from the US to England under the guise of a passenger liner that also hauled goods.
(b) The Lusitania was being used to transport munitions from the US to England under the guise of being a cargo ship.
(c) The Lusitania was being used to transport tanks from the US to England under the guise of a passenger liner that also hauled goods.
(d) The Lusitania was being used to transport munitions from the US to England under the guise of a passenger liner that also hauled goods.

Short Answer Questions

1. When did governmental typically find it necessary to print more paper money?

2. What would result if the money system returned to the gold standard?

3. How did large banks react to the Federal Reserve Act?

4. How did governments devalue currency in fiat money systems?

5. What caused the collapse of the Bank of Hamburg in 1813?

(see the answer keys)

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