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| Name: _________________________ | Period: ___________________ |
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 did the author argue resulted from the establishment of the IMF and World Bank and the abandonment of the gold standard?
(a) The author maintained that these were further steps toward establishing the United Nations as the world's preeminent authority that resulted in mass murders, famine and economically destroyed countries.
(b) The author maintained that these were further steps toward world socialism that resulted in mass murders, famine and economically destroyed countries.
(c) The author maintained that these were further steps toward a world dictatorship that resulted in mass murders, famine and economically destroyed countries.
(d) The author maintained that these were further steps toward world socialism that resulted in mass murders, famine and economically destroyed countries.
2. Who does the Federal Reserve depend on to bail out the country in times of economic collapse?
(a) The Federal Reserve turns to the banks to bail out the country in times of economic collapse.
(b) The Federal Reserve turns to the taxpayer to bail out the country in times of economic collapse.
(c) The Federal Reserve turns to Congress to bail out the country in times of economic collapse.
(d) The Federal Reserve turns to the foreign investors to bail out the country in times of economic collapse.
3. When did the American public become interested in socialism as an alternative to capitalism?
(a) After World War II, the American public became interested in socialism as an alternative to capitalism.
(b) During the Cold War, the American public became interested in socialism as an alternative to capitalism.
(c) During the Great Depression of the 1930s, the American public became interested in socialism as an alternative to capitalism.
(d) After LBJ's Great Society was enacted, the American public became interested in socialism as an alternative to capitalism.
4. What U.S. president removed the gold standard from the US dollar?
(a) President Lincoln took the U.S. dollar off its gold backing so that dollars could not be redeemed for gold.
(b) President Wilson took the U.S. dollar off its gold backing so that dollars could not be redeemed for gold.
(c) President Nixon took the U.S. dollar off its gold backing so that dollars could not be redeemed for gold.
(d) President Kennedy took the U.S. dollar off its gold backing so that dollars could not be redeemed for gold.
5. What organization ensures the nationalization of banks?
(a) As long as the FDIC existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
(b) As long as the Federal Reserve System existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
(c) As long as the International Monetary Fund existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
(d) As long as the Congressional Banking Committee existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
Short Answer Questions
1. How did unemployment impact the economic problems?
2. How did poor regulation contribute to the Savings and Loan crisis of the 1980s?
3. What was the location of the meeting where the concept of the Federal Reserve was developed?
4. Who was the mastermind behind the Federal Reserve?
5. What action was taken by the Federal Reserve during the 1980s S&L crisis?
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This section contains 800 words (approx. 3 pages at 300 words per page) |
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