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 system was in control of the economy before the Federal Reserve System was established?
(a) Before the Federal Reserve System came into being, groundwork was laid by the few people who controlled banking.
(b) Before the Federal Reserve System came into being, groundwork was laid by the few people who controlled banking.
(c) Before the Federal Reserve System came into being, groundwork was laid by the few people who controlled banking.
(d) Before the Federal Reserve System came into being, groundwork was laid by the few people who controlled banking.

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 the stock market crash of 1929.
(b) Formed in the early 1600s, the Bank of Hamburg stayed solvent until World War I.
(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 Nazi Party rose to power.

3. Which European bank become the model for the Federal Reserve System?
(a) Bank One of Rome became the model for the Federal Reserve System.
(b) The Bank of Madrid became the model for the Federal Reserve System.
(c) The Bank of England became the model for the Federal Reserve System.
(d) First Banc of France became the model for the Federal Reserve System

4. What resulted from the Mandrake Mechanism?
(a) The results of this system included social planning and tax relief.
(b) The results of this system included social planning and hidden taxation by means of inflation.
(c) The results of this system included social planning and hidden taxation and currency devaluation.
(d) The results of this system included social planning and hidden taxation by means of deflation.

5. 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 the Civil War, The Bank of North America was disbanded.
(d) At the end of World War I, The Bank of North America was disbanded.

Short Answer Questions

1. What solid case did governments make for fiat monetary systems?

2. What drove prices upward during the War of 1812?

3. What place in history does the Rothschild family hold?

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

5. What deal did the U.S. make with England during World War I regarding the British ship Lusitania?

Short Essay Questions

1. According to Chapter 12, what event sparked the conflicts that led to World War I?

2. According to Chapter 15, why was the use of fiat money disallowed in the United States?

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

4. According to Chapter 11, what is the Rothschild Formula?

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

6. According to Chapter 25, what two social classes does the author predict for the future?

7. According to Chapter 24, what decade marked the beginning of a tremendous surge in U.S. debt?

8. According to Chapter 17, what dispute did President Andrew Jackson have with the leader of The Second Bank?

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

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

(see the answer keys)

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