Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Test | Final Test - Hard

Matt Taibbi
This set of Lesson Plans consists of approximately 129 pages of tests, essay questions, lessons, and other teaching materials.

Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Test | Final Test - Hard

Matt Taibbi
This set of Lesson Plans consists of approximately 129 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Lesson Plans
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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. According to Chapter 4, Goldman-Sachs was the dominant index cornering about how much of the speculation market?

2. During the Yom Kippur War, Syria and Egypt attacked territories Israel had captured in what war?

3. When was John McCain born?

4. Where was Henry Kissinger born?

5. According to the author, __________ and other investment banks were responsible for driving up the price of oil through the commodities speculation market.

Short Essay Questions

1. What correlation is there between bankruptcies in the United States and the current health care system, as described in Chapter 6?

2. How does Taibbi conclude Chapter 4? What does the author remark regarding the motivations of the wealthy?

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

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

5. How are SFWs defined in Chapter 5: The Outsourced Highway - Wealth Funds?

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

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

8. 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?

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

10. Define "derivatives." What creates derivatives?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Define and analyze commodity index investing, the speculative commodities market and the commodities futures market. When did these terms and processes arise on Wall Street?

Essay Topic 2

Discuss Ayn Rand, the "Collective," and Atlas Shrugged. When was Atlas Shrugged published and what impact did it have on society and the intellectual elite?

Essay Topic 3

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

(see the answer keys)

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