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 resulted after the first electronic run on banks in 1983?
(a) The first electronic run on banks happened in 1983, leading to a massive bailout in the $6 billion range.
(b) The first electronic run on banks happened in 1983, leading to a hoarding of cash.
(c) The first electronic run on banks happened in 1983, leading to one trillion dollars being added to the deficit.
(d) The first electronic run on banks happened in 1983, leading to a collapse of the economy.

2. What is laudable about the author's work?
(a) The author provided a clear and concise conservative viewpoint.
(b) The author had majored in international economics.
(c) The author did provide a convincing argument that our economic system had been broken at some time in the past.
(d) The author provided a clear and concise liberal viewpoint.

3. 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) None of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.
(d) Only some of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.

4. What was one of the strongest arguments in favor of bank regulation versus nationalization?
(a) An argument in favor of regulation was that, when properly administered, it had worked from the time of Franklin D. Roosevelt (President of the US from 1933 to 1945) to 1970.
(b) An argument in favor of regulation was that it would cause less unemployment.
(c) An argument in favor of regulation was that the American people felt uncomfortable with nationalization.
(d) An argument in favor of regulation was that it would purge the system of fraud and abuse.

5. What type of person was Paul Moritz Warburg?
(a) Paul Moritz Warburg was an elitist who was not concerned with the concerns of the poor.
(b) Paul Moritz Warburg was a rude and greedy man.
(c) Paul Moritz Warburg was a stubborn man concerned only with the wealth of the upper class.
(d) Paul Moritz Warburg was a mild-mannered, shy and sensitive man.