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 resulted from the 1970 Penn Central Railroad bailout?
(a) Travel in the US decreased as a result of the bailout.
(b) More roads were built by the government as a result of the bailout.
(c) Air traffic increased after the bailout.
(d) The 1970 Penn Central Railroad bailout resulted in government-owned Amtrak and privately owned Conrail.

2. Many people feel that the economic system has been rigged to favor what group of people?
(a) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the rich by stealing from the poor and middle classes.
(b) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the poor by stealing from the rich and middle classes.
(c) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the rich by stealing from the government revenues.
(d) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the middle classes by stealing from the rich and poor classes.

3. What is the Rothschild Formula?
(a) The Rothschild Formula means that money could be made from warfare and from the winning side of the conflict.
(b) The Rothschild Formula means that money could be made from warfare when the US is on the winning side.
(c) The Rothschild Formula means that money could be made from warfare and from both sides of the conflicts.
(d) The Rothschild Formula means that money could be made from warfare when the winning side stands for social reform.

4. What may have contributed to the problems of the S&Ls in the 1980s?
(a) Inflation was in the double-digits and real estate prices were going rapidly decreasing.
(b) Inflation was in the double-digits and real estate prices were going up rapidly.
(c) Deflation was in the double-digits and real estate prices were going up rapidly.
(d) Inflation was steady but the deficit was rapidly growing.

5. How was the nationalization of banks justified?
(a) Nationalization was necessary for the banking industry.
(b) Nationalization was necessary for the IMF.
(c) Nationalization was necessary for the public good.
(d) Nationalization was necessary for the nation's standing in the world.