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This quiz consists of 5 multiple choice and 5 short answer questions through Section III. The New Alchemy, Chapters 11-12 The Rothschild Formula; Sink the Lusitania!.

Multiple Choice Questions

1. What countries did the author point to as failures of the IMF and World Bank?
(a) The author used The Sudan, China, Pakistan and Afghanistan as examples of IMF and World Bank failures.
(b) The author used Venezuela, Chili, Cuba and Uraguay as examples of IMF and World Bank failures.
(c) The author used Greece, Ireland, Italy and Kirghistan as examples of IMF and World Bank failures.
(d) The author used Tanzania, Argentina, Brazil and Mexico as examples of IMF and World Bank failures.

2. What was the impact of the creation of new money on the currency?
(a) People considered the creation of new money inflationary as the prices of goods and services rose, but in reality this was increasing the value of the currency.
(b) People considered the creation of new money inflationary as the prices of goods and services rose, but in reality it was strengthening the currency in the world market.
(c) People considered the creation of new money inflationary as the prices of goods and services rose but had no impact on the currency.
(d) People considered the creation of new money inflationary as the prices of goods and services rose, but in reality this was a devaluing of the currency.

3. What has caused the economy's boom-bust cycle?
(a) The Federal Reserve's advertised purpose was to stabilize the economy, but depressions and recessions have resulted instead in a boom-bust cycle.
(b) The economy's boom-bust cycle is caused from people hoarding cash.
(c) The economy's boom-bust cycle is caused by the instability of the International Monetary Fund.
(d) The economy's boom-bust cycle is caused from trade deficits.

4. How were the policies of FDR's administration a departure from capitalism?
(a) They abandoned the principles of the International Monetary Fund that were supposed to have worked with a purely capitalistic system.
(b) They abandoned standards of the Federal Reserve that were supposed to have worked with a purely capitalistic system.
(c) They abandoned the free market principles that were supposed to have worked with a purely capitalistic system.
(d) They abandoned Congressional banking regulations that were supposed to have worked with a purely capitalistic system.

5. When the entire banking system failed, what did the Federal government turn to to bolster the failed back up system?
(a) When the whole banking system collapsed, taxpayer money went into bolstering the failed system back up.
(b) When the whole banking system collapsed, foreign investments went into bolstering the failed system back up.
(c) When the whole banking system collapsed, the debt ceiling was raised to bolster the failed system back up.
(d) When the whole banking system collapsed, money from newly issued government bonds went into bolstering the failed system back up.

Short Answer Questions

1. What monetary system did the Constitution of the newly formed United States require?

2. During which president's administration were policies that were a hybrid of socialism and capitalism developed?

3. The Rothschild family held sway over most political leaders with the exception of what historic figure?

4. What did the author argue resulted from the establishment of the IMF and World Bank and the abandonment of the gold standard?

5. How did the Federal Reserve System accomplish the nationalization of banks?

(see the answer key)

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