This quiz consists of 5 multiple choice and 5 short answer questions through Section I. What Creature Is This? Chapters 5-6 Nearer to the Heart's Desire; Building the New World Order.

Multiple Choice Questions

1. Since its inception in 1910, the Federal Reserve had made what decisions about bank bailouts?
(a) Since its inception in 1910, the Federal Reserve had decided that large banks would be the only banks to get bailouts.
(b) Since its inception in 1910, the Federal Reserve had decided that medium-sized banks would get the majority of bailouts.
(c) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts only if they could prove they had complied with all regulations.
(d) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts, medium-sized banks would get some bailouts, and small banks would be left to fail or be acquired by larger banks.

2. What important aspect about the economic history of the country did the author fail to mention?
(a) The author failed to mention that our economic system may have been fixed at one time and then broken again.
(b) The author failed to mention that our economic system is impossible to fix.
(c) The author failed to mention that our economic system depends on foreign investments.
(d) The author failed to mention that our economic system depends on the success of the stock market.

3. 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 standards of the Federal Reserve that were supposed to have worked with a purely capitalistic system.
(c) They abandoned the free market principles 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.

4. How did the government provide economic support to Lockheed Corporation in 1970?
(a) In 1970, Lockheed Corporation had troubles and became a prime government contractor, another way of nationalizing private industry.
(b) In 1970, Lockheed Corporation was made a unit of the Defense Department.
(c) In 1970, the US government agreed to pay Lockheed Corporation twenty-percent over their selling prices.
(d) In 1970, Lockheed Corporation was forgiven of all defense-related debt.

5. When were the International Monetary Fund and World Bank established?
(a) In 1944, the Bretton Woods Conference took place, out of which came the International Monetary Fund or IMF and World Bank
(b) The World Bank and International Monetary Fund were established during the Cold War.
(c) The World Bank and International Monetary Fund were established in 1910 at Jekyll Island.
(d) The World Bank and International Monetary Fund were established in 1929 when the Stock Market crashed.