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

2. This conspiracy theory about the Federal Reserve pointed the finger at the meeting on Jekyll Island that occurred in 1910.
(a) The conspiracy theory surrounding the Federal Reserve was thought to be hatched at the 1910 Jekyll Island meeting.
(b) The conspiracy theory surrounding the Federal Reserve was thought to have originated during the Great Depression.
(c) The conspiracy theory surrounding the Federal Reserve was thought to have originated during FDR's administration.
(d) The conspiracy theory surrounding the Federal Reserve was thought to have originated at the 1904 World's Fair.

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

4. How open to questioning were the original participants of the 1910 meeting?
(a) Most of the participants at the 1910 meeting openly talked about the establishment of the Federal Reserve in interviews conducted years later.
(b) None of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.
(c) Only some of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.
(d) The participants at the 1910 meeting would only agree to talk about the establishment of the Federal Reserve with the New York Times.

5. What problems did the economy of the American Colonies incur?
(a) The American Colonies experienced terrible bouts of inflation.
(b) The American Colonies experienced economic uncertainty due to interference by England.
(c) The American Colonies experienced terrible bouts of deflation.
(d) The American Colonies experienced instability in their economy.

Short Answer Questions

1. How did Nicholas Biddle, leader of The Second Bank, respond to President Andrew Jackson's opposition to him?

2. What impacted housing prices in the Midwest states?

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

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

5. After analysis, what was the real nature of the S&L system?

(see the answer key)

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