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This quiz consists of 5 multiple choice and 5 short answer questions through Section IV. A Tale of Three Banks, Chapters 16-19 The Creature Comes to America; A Den of Vipers; Loaves and Fishes, and Civil War; Greenbacks and Other Crimes.

Multiple Choice Questions

1. What was the role of the British Ship Lusitania in World War I?
(a) The Lusitania was being used to transport soldiers from the US to England under the guise of a passenger liner that also hauled goods.
(b) The Lusitania was being used to transport munitions from the US to England under the guise of a passenger liner that also hauled goods.
(c) The Lusitania was being used to transport tanks from the US to England under the guise of a passenger liner that also hauled goods.
(d) The Lusitania was being used to transport munitions from the US to England under the guise of being a cargo ship.

2. How do conspiracy theorists strengthen their stands?
(a) Conspiracy theorists have often resorted to filing lawsuits to demonstrate their beliefs.
(b) Conspiracy theorists have often resorted to soft definitions and the misuse of quotations to strengthen their theories.
(c) Conspiracy theorists have often write editorials to increase support for their ideas.
(d) Conspiracy theorists often write and publish books to make their cases.

3. What new way of home ownership emerged in the 1980s?
(a) Housing co-ops became another way to buy a home.
(b) The government incentivized buyers to buy foreclosed upon homes.
(c) A government sponsored home buyer's savings program was established.
(d) Condominiums became a new way to buy a home.

4. What resulted after the first electronic run on banks in 1983?
(a) The first electronic run on banks happened in 1983, leading to a massive bailout in the $6 billion range.
(b) The first electronic run on banks happened in 1983, leading to one trillion dollars being added to the deficit.
(c) The first electronic run on banks happened in 1983, leading to a collapse of the economy.
(d) The first electronic run on banks happened in 1983, leading to a hoarding of cash.

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

Short Answer Questions

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

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

3. What problems did the economy of the American Colonies incur?

4. What financing was behind the second Russian revolution?

5. How did the government provide economic support to Lockheed Corporation in 1970?

(see the answer key)

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