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| Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Section IV. A Tale of Three Banks, Chapters 16-19 The Creature Comes to America; A Den of Vipers; Loaves and Fishes, and Civil War; Greenbacks and Other Crimes.
Multiple Choice Questions
1. What do many people feel was the real reason behind the establishment of the Federal Reserve?
(a) Many feel that the real reason for creating the Federal Reserve was to keep rich people in power.
(b) Many feel that the real reason for creating the Federal Reserve was to keep poor people from turning to crime.
(c) Many feel that the real reason for creating the Federal Reserve was to keep the rich from becoming too powerful.
(d) Many feel that the real reason for creating the Federal Reserve was to keep the middle class from failing.
2. What other organizations were spawned from Milner's secret society?
(a) Other parts of the secret society showed up as the Council on Foreign Relations and even the Red Cross.
(b) Other parts of the secret society showed up as the Noble Prize Commission.
(c) Other parts of the secret society showed up as the World Bank and Red Cross.
(d) Other parts of the secret society showed up as the International Money Fund.
3. What is the Fabian plan?
(a) The Fabian plan had to do with making the world one big socialized government.
(b) The Fabian plan involved making the entire world a capitalistic society.
(c) The Fabian plan had to do with making the world one big democracy.
(d) The Fabian plan had to do with making the world a world without political .
4. What action was taken by the Federal Reserve during the 1980s S&L crisis?
(a) The Federal Reserve System usurped the powers of Congress and forgave the S&Ls their debts.
(b) The Federal Reserve System usurped the powers of Congress and started handing out money directly to the S&Ls as well.
(c) The Federal Reserve System usurped the powers of Congress and began crafting legislation to bail out the S&Ls.
(d) The Federal Reserve System usurped the powers of Congress and declared that the S&Ls had the same rights as banks.
5. Some tactics include cherry-picking examples while oversimplifying causes.
(a) One tactic is providing great detail about their causes.
(b) One tactic is cherry-picking examples while oversimplifying causes.
(c) One tactic is to accuse others of lying about the facts.
(d) One tactic is having others provide testimonials on their behalf.
Short Answer Questions
1. In what year was First Pennsylvania Bank bailed out?
2. What impact does deflation have on individuals who are repaying loans?
3. Why was housing becoming difficult to obtain in the 1980s?
4. What is laudable about the author's work?
5. Why were S&Ls popular with those seeking loans in the 1980s?
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This section contains 624 words (approx. 3 pages at 300 words per page) |
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