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 impact did the Greek currency system have on the economy?
(a) The Greek currency system led to other cultures creating similar systems.
(b) The Greek currency system led to a stable economy.
(c) The Greek currency system led to an unstable economy.
(d) The Greek currency system had no effect on the economy.

2. When did the American public become interested in socialism as an alternative to capitalism?
(a) During the Great Depression of the 1930s, 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) After World War II, 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.

3. Why did all nations become socialistic in the New World Order?
(a) In the New World Order, all nations became socialistic through United Nations declaration.
(b) In the New World Order, all nations became socialistic through the use of the IMF and direct loans from the industrialized nations to the undeveloped nations.
(c) In the New World Order, all nations became socialistic through deficit loan practices.
(d) In the New World Order, all nations became socialistic as a result of the abandonment of the gold standard.

4. What do some feel was the reason for establishing the Federal Reserve?
(a) The Federal Reserve System was concocted to stabilize the economy.
(b) The Federal Reserve System was concocted not to stabilize the economy but to put economic control into the hands of a few people who agreed not to compete with one another.
(c) The Federal Reserve System was concocted not to stabilize the economy and create an economy that was distributed equally among the population.
(d) The Federal Reserve System was concocted to put economic control into the hands of the people.

5. What city became a major part of the welfare state in 1975?
(a) Los Angeles became a major part of the welfare state in 1975 via Federal government bailouts.
(b) New York City became a major part of the welfare state in 1975 via Federal government bailouts.
(c) Atlanta became a major part of the welfare state in 1975 via Federal government bailouts.
(d) Chicago became a major part of the welfare state in 1975 via Federal government bailouts.