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. How did many people feel about those who went too far into debt?
(a) Many felt that the nation had been taught to rely too much on credit.
(b) Many argued that people who went too far into debt had done this on their own--nobody had forced people into the mortgages or credit cards.
(c) Many felt that people who were in debt had been encouraged to do so by political figures.
(d) Many argued that those in deep debt should be forgiven much of their dept because of the reclining economy.

2. If the debtors stopped paying banks altogether, what action would the Federal Reserve System take?
(a) If the debtors stopped paying altogether, the Federal Reserve System gave the banks more money.
(b) If the debtors stopped paying altogether, the Federal Reserve System refused to back the bad debt.
(c) If the debtors stopped paying altogether, the Federal Reserve System fined them.
(d) If the debtors stopped paying altogether, the Federal Reserve System filed suit in Federal Court.

3. What do many people feel was the real reason behind the establishment of the Federal Reserve?
(a) Many feel that the real reason for creating the Federal Reserve was to keep the rich from becoming too powerful.
(b) Many feel that the real reason for creating the Federal Reserve was to keep poor people from turning to crime.
(c) Many feel that the real reason for creating the Federal Reserve was to keep rich people in power.
(d) Many feel that the real reason for creating the Federal Reserve was to keep the middle class from failing.

4. What type of person was Paul Moritz Warburg?
(a) Paul Moritz Warburg was a rude and greedy man.
(b) Paul Moritz Warburg was an elitist who was not concerned with the concerns of the poor.
(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.

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