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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 is the fundamental basis of capitalism?
(a) The main idea behind capitalism was investment and return on investment.
(b) The main idea behind capitalism was making money and hoarding cash.
(c) The main idea behind capitalism was making investments in foreign interests.
(d) The main idea behind capitalism was providing welfare to the less fortunate.

2. Why did banks ask for interest-only payments?
(a) The bank would arrange for interest payments only to keep the loan viable.
(b) The bank would arrange for interest payments only to keep the profits coming in.
(c) The bank would arrange for interest payments only to take the burden off the customer.
(d) The bank would arrange for interest payments only so that their customers could keep a good credit rating>

3. What culture first developed the modern equivalent of the banking industry?
(a) The city-state of Athens was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(b) The city-state of Sparta was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(c) The city-state of Rome was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(d) The city-state of Venice was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.

4. How did England and France, at least in part, finance their wars?
(a) England and France went heavily into debt until the countries sold their war bonds to the US.
(b) England and France went heavily into war debt causing them to reduce the sizes of their armies.
(c) England and France went heavily into war debt until they hired political financial excerpts from the Far East.
(d) England and France went heavily into debt until the countries had to hire the House of Morgan in partnership with the Rothschilds to sell their war bonds.

5. How did the development of paper money begin?
(a) The development of paper money started out as simply receipts issued by goldsmiths who kept other people's gold coins in their vaults.
(b) The development of paper money started out as simply receipts issued by goldsmiths who were the first banks.
(c) The development of paper money started out as simply receipts issued by goldsmiths who gave the people's gold coins to the government.
(d) The development of paper money started out as vouchers issued by the government.

Short Answer Questions

1. What importance does political ideology have on the nationalization of banks?

2. What was the impact of the creation of new money on the currency?

3. What do many people feel was the real reason behind the establishment of the Federal Reserve?

4. Who does the Federal Reserve depend on to bail out the country in times of economic collapse?

5. What did the Federal Reserve System help banks to do?

(see the answer key)

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