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

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 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What role did J. P. Morgan have in Milner's secret society?
(a) J.P. Morgan financed all sides of political struggles to boost his chances for elective office.
(b) J.P. Morgan financed the sides of political struggles that agreed with his conservative views.
(c) J.P. Morgan financed all sides of political struggles so that no matter who won, that side would be beholding to him and his organizations.
(d) J.P. Morgan financed the sides of political struggles that agreed with his liberal views.

2. What caused the collapse of the Bank of Hamburg in 1813?
(a) Formed in the early 1600s, the Bank of Hamburg stayed solvent until World War I.
(b) Formed in the early 1600s, the Bank of Hamburg stayed solvent until the Nazi Party rose to power.
(c) Formed in the early 1600s, the Bank of Hamburg stayed solvent until Napoleon captured it in 1813.
(d) Formed in the early 1600s, the Bank of Hamburg stayed solvent until the stock market crash of 1929.

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

4. 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 was set up to be sunk by a U-boat operating off the coast of Italy.
(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 North Atlantic near Ireland.
(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 in the Black Sea.
(d) In a deal struck between England and the US, the British ship Lusitania ambushed a U-boat operating in the North Atlantic near Ireland.

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

Short Answer Questions

1. What does the author predict for the U.S. economy?

2. What is the Rothschild Formula?

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

4. What disagreement did Alexander Hamilton and Thomas Jefferson have about a central bank?

5. What was the motivation for the Rothschilds to finance wars?

Short Essay Questions

1. According to Chapter 14, how many revolutions did Russia actually undergo?

2. According to Chapter 13, what was really behind the Russian Bolshevik Revolution?

3. According to Chapter 20, what was the economic outlook in the U.S. following the Civil War?

4. In Chapter 12, what were the sales of English and French war bonds used for?

5. In Chapter 16, when was the first central bank founded in the US?

6. According to Chapter 18, what impact did stable banking practices have?

7. What realistic scenario was discussed in Chapter 26 involving the U.S. monetary system?

8. In Chapter 23, what was the real cause of the Great Depression of the 1930s?

9. According to Chapter 22, when was the Federal Reserve Act passed?

10. According to Chapter 25, what did the author predict for the U.S. economy?

(see the answer keys)

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