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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. The banking system before the Federal Reserve System allowed banks to lend out what percentage of money against one percent in deposits.

2. What was the relationship between the World Bank and the IMF?

3. How do conspiracy theorists strengthen their stands?

4. In what year was First Pennsylvania Bank bailed out?

5. What was the main argument in favor of nationalizing banks?

Short Essay Questions

1. According to Chapter 4, when did Americans become interested in socialism?

2. According to Chapter 3, what were some of the major organizations helped by government bailouts?

3. In Chapter 4, how was the employment picture beginning to change?

4. In Chapter 4, what factdors may have contributed to the problems of the S&Ls in the 1980s?

5. According to Chapter 4, what caused the Savings & Loan crisis of the 1980s?

6. According to Chapter 3, the nationalization of banks is more likely to occur under conservative or liberal administrations?

7. According to Chapter 1, where did the idea for the Federal Reserve System originate?

8. In Chapter 8, what did the issuance of the first paper money lead to?

9. In Chapter 6, why did all nations, in the author's opinion, become socialistic in the New World Order?

10. In Chapter 2, how did the author characterize the problems with the banking system?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What did risky lending by banks lead to? How did the Federal Reserve support their poor practices? What was the Federal Deposit Insurance Corporation established for? In the author's opinion, what was the underlying reason for the FDIC?

Essay Topic 2

When did the U.S. debt begin to increase at a tremendous rate? By what standard was the U.S. debt measured from that time on? What did some people feel was behind the enormous debt that was facing America?

Essay Topic 3

Discuss the historic reasons for the Civil War. According to the author, what were some of the real reasons behind the war? What role did foreign interests play in the war?

(see the answer keys)

This section contains 861 words (approx. 3 pages at 300 words per page) View a FREE sample