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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. What does the FDIC stand for?
(a) The FDIC stands for The First Debt Institute of Connneticut.
(b) The FDIC stands for The Federal Deposit Insurance Corporation.
(c) The FDIC stands for The First Depositor's Insurance Corporation.
(d) The FDIC stands for The Federal Debt Issuers Company.

2. How open to questioning were the original participants of the 1910 meeting?
(a) Most of the participants at the 1910 meeting openly talked about the establishment of the Federal Reserve in interviews conducted years later.
(b) The participants at the 1910 meeting would only agree to talk about the establishment of the Federal Reserve with the New York Times.
(c) Only some of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.
(d) None of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.

3. Conspiracy theorists connected the potential of world socialism to what organization?
(a) This conspiracy theory encompassed the entire world by connecting the IMF with socialism.
(b) This conspiracy theory encompassed the entire world by connecting the Federal Reserve with socialism.
(c) This conspiracy theory encompassed the entire world by connecting the World Bank with socialism.
(d) This conspiracy theory encompassed the entire world by connecting the United Nations with socialism.

4. Why was the "Federal Reserve System," so named?
(a) The "Federal Reserve System" was so named so that people would think it was part of the Federal government.
(b) The "Federal Reserve System" was so named because its offices were not state run.
(c) The "Federal Reserve System" was so named so that people would have respect for it.
(d) The "Federal Reserve System" was so named so that people would know that it was part of the Federal government.

5. How did unemployment impact the economic problems?
(a) The Federal government was distracted from economic problems and focused their attention on the unemployed.
(b) High unemployment compounded this problem, forcing people into foreclosures and drying up the housing market.
(c) High employment made more homes available for sale.
(d) High employment distracted people from looking for homes.

Short Answer Questions

1. What was the main argument in favor of nationalizing banks?

2. What caused the economy to get into such a state that the government was compelled to bail out banks?

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

4. What has caused the economy's boom-bust cycle?

5. What was the relationship between the World Bank and the IMF?

(see the answer key)

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