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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. How did the government provide economic support to Lockheed Corporation in 1970?
(a) In 1970, the US government agreed to pay Lockheed Corporation twenty-percent over their selling prices.
(b) In 1970, Lockheed Corporation was made a unit of the Defense Department.
(c) In 1970, Lockheed Corporation was forgiven of all defense-related debt.
(d) In 1970, Lockheed Corporation had troubles and became a prime government contractor, another way of nationalizing private industry.

2. How did poor regulation contribute to the Savings and Loan crisis of the 1980s?
(a) Government regulations allowed S&Ls to claim assets that had no value, such as community good will toward them, and encouraged bad lending practices to increase home ownership.
(b) Government regulations allowed S&Ls to file individual bankruptcies.
(c) Government regulations allowed S&Ls to hoard money to increase their cash flow.
(d) Government regulations allowed S&Ls did not require them to repay their debtors in full.

3. In what year was First Pennsylvania Bank bailed out?
(a) First Pennsylvania Bank was bailed out in 1975.
(b) First Pennsylvania Bank was bailed out in 1972.
(c) First Pennsylvania Bank was bailed out in 1980.
(d) First Pennsylvania Bank was bailed out in 1973.

4. What major banks failed in 1972?
(a) In 1972, Bank of America and Citibank failed.
(b) Unity Bank fell in 1972, as did the Commonwealth Bank of Detroit.
(c) First Bank of California and Wells Fargo Bank failed in 1972.
(d) In 1972, First Bank of Michigan and New York Bank both failed.

5. What caused the collapse of the Bank of Hamburg in 1813?
(a) Formed in the early 1600s, the Bank of Hamburg stayed solvent until World War I.
(b) Formed in the early 1600s, the Bank of Hamburg stayed solvent until Napoleon captured it in 1813.
(c) Formed in the early 1600s, the Bank of Hamburg stayed solvent until the Nazi Party rose to power.
(d) Formed in the early 1600s, the Bank of Hamburg stayed solvent until the stock market crash of 1929.

Short Answer Questions

1. How did the New World Order develop?

2. Why was there skepticism about the author's analysis?

3. What caused the economy to get into such a state that the government was compelled to bail out banks?

4. What culture first developed the modern equivalent of the banking industry?

5. What was the main cause of the economic meltdown in 2008?

(see the answer key)

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