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. Why did banks offer debtors more credit?
(a) Banks offered more credit to debtors to help them purchase homes.
(b) Banks offered more credit to debtors to help improve their credit rating.
(c) Banks offered more credit to debtors to increase interest payments to the them.
(d) Banks offered more credit to debtors to so they could increase their purchasing power.

2. 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 rich people in power.
(c) Many feel that the real reason for creating the Federal Reserve was to keep poor people from turning to crime.
(d) Many feel that the real reason for creating the Federal Reserve was to keep the middle class from failing.

3. How was some property converted for home ownership during the 1980s?
(a) Less expensive condominiums that often times had been rental apartments became another way. Rent-to-buy deals popped into the market.
(b) In some towns, student housing was converted to property that was sold to homeowners.
(c) Trailer parks were developed as suburban subdivisions.
(d) Some storefront small business buildings were converted to property that was sold for private homes.

4. How did many people feel about those who went too far into debt?
(a) 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.
(b) Many felt that people who were in debt had been encouraged to do so by political figures.
(c) Many argued that those in deep debt should be forgiven much of their dept because of the reclining economy.
(d) Many felt that the nation had been taught to rely too much on credit.

5. What city became a major part of the welfare state in 1975?
(a) Chicago became a major part of the welfare state in 1975 via Federal government bailouts.
(b) New York City became a major part of the welfare state in 1975 via Federal government bailouts.
(c) Los Angeles became a major part of the welfare state in 1975 via Federal government bailouts.
(d) Atlanta became a major part of the welfare state in 1975 via Federal government bailouts.