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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. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?

2. The three sections of the Pennsylvania turnpike system total how many miles?

3. When was Henry Kissinger born?

4. The Commodity Exchange Act was enacted in what year?

5. The CFTC was created in what year?

Short Essay Questions

1. What changed the regulation for trust funds and pension funds, as described in Chapter 4?

2. What led up to OPEC's oil embargo in the 1970s, as described in Chapter 5?

3. What was index speculation comprised of, as described in Chapter 4?

4. What does Taibbi assert as an ominous element of health care legislation?

5. Why did Obama support giveaways to pharmaceutical companies, as discussed in Chapter 6?

6. How did the SWFs present a danger to the economy, as discussed in Chapter 5: The Outsourced Highway - Wealth Funds? When was Congress warned about the issue?

7. Who was responsible for purchasing Chicago's parking meters, as described in Chapter 5?

8. When did Richard Daley lease Chicago's parking meters? For how much money were they leased, as described in Chapter 5?

9. What did the news media and politicians attempt to blame the surge in oil prices on in Chapter 4?

10. What argument did Goldman-Sachs present for lessening regulation, as discussed in Chapter 4?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Define and analyze securitization, sub prime loans and derivatives. How and when did these terms enter the American financial world?

Essay Topic 2

Describe the Glass-Steagall Act and the Gramm-Leach-Bliley Law. When were these regulations enacted and what impact did they have on finance?

Essay Topic 3

Discuss the growth and philosophies of the Tea Party movement. What fundamental problems does the author see in the approach and methods of the Tea Party?

(see the answer keys)

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