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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. In 1991, Goldman-Sachs bought up a commodities trading company called ________.

2. In December 2008, Chicago Mayor Richard Daley announced that he had leased out the city's parking meters for how long?

3. What is an independent self-regulatory organization and watchdog of the commodities and futures industry in the United States?

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

5. Where was Scott Brown born?

Short Essay Questions

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

2. In Chapter 5, what does the author write of the correlation between decreasing taxes and rising prices?

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

4. What administration was responsible for easing regulations on the stock market in Chapter 4?

5. How does Taibbi describe the design of Obamacare?

6. Define "derivatives." What creates derivatives?

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 led to the end of the Yom Kippur War, as discussed in Chapter 5?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the career of Matt Taibbi and the critical reception of the book. To what writers was Taibbi associated in regard to his style and themes?

Essay Topic 2

Discuss the political career of Sarah Palin. What does the author assert of Palin's capabilities as a politician?

Essay Topic 3

Compare and contrast the strategies of the Nixon campaign with those of the Tea Party. How did Palin's approach relate to Nixon's?

(see the answer keys)

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