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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. How were the policies of FDR's administration a departure from capitalism?
(a) They abandoned the principles of the International Monetary Fund that were supposed to have worked with a purely capitalistic system.
(b) They abandoned the free market principles that were supposed to have worked with a purely capitalistic system.
(c) They abandoned standards of the Federal Reserve that were supposed to have worked with a purely capitalistic system.
(d) They abandoned Congressional banking regulations that were supposed to have worked with a purely capitalistic system.

2. What has caused the economy's boom-bust cycle?
(a) The Federal Reserve's advertised purpose was to stabilize the economy, but depressions and recessions have resulted instead in a boom-bust cycle.
(b) The economy's boom-bust cycle is caused from trade deficits.
(c) The economy's boom-bust cycle is caused by the instability of the International Monetary Fund.
(d) The economy's boom-bust cycle is caused from people hoarding cash.

3. What occurred after the Second Bank of the United States was created?
(a) The Second Bank of the United States was created in 1816 and caused a period of deflation.
(b) The Second Bank of the United States was created in 1816 and created a booming economy.
(c) The Second Bank of the United States was created in 1816 and introduced the boom-bust cycle.
(d) The Second Bank of the United States was created in 1816 and caused inflationary conditions.

4. What was the relationship between the World Bank and the IMF?
(a) The IMF and World Bank were associated with but not tied directly to the United Nations.
(b) The IMF and World Bank were controlled by the United Nations.
(c) The IMF and World Bank were closely associated with the United Nations.
(d) The IMF and World Bank were a division of the United Nations.

5. What problems did the economy of the American Colonies incur?
(a) The American Colonies experienced instability in their economy.
(b) The American Colonies experienced terrible bouts of inflation.
(c) The American Colonies experienced terrible bouts of deflation.
(d) The American Colonies experienced economic uncertainty due to interference by England.

Short Answer Questions

1. What place in history does the Rothschild family hold?

2. The author made what sports analogy to describe the problems with the banking system?

3. What is the main transport of both Amtrak and Conrail?

4. After analysis, what was the real nature of the S&L system?

5. What city became a major part of the welfare state in 1975?

(see the answer key)

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