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

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

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

4. What is the true function of the FDIC?
(a) The FDIC is another way to pay off banking mistakes through the taxpayer.
(b) The FDIC is another way to support the people who use banks.
(c) The FDIC is another way to pay off the debt of the taxpayer.
(d) The FDIC is another way to demonstrate the strength of the economy.

5. What was the goal of the secret society founded by Lord Alfred Milner?
(a) A secret society, founded by Lord Alfred Milner, had global peace as its main goal.
(b) A secret society, founded by Lord Alfred Milner, had as its goal the eradication of disease and hunger.
(c) A secret society, founded by Lord Alfred Milner, had as its goal the dominance of the world through money controls.
(d) A secret society, founded by Lord Alfred Milner, had as its goal the democratization of the entire world.

Short Answer Questions

1. How open to questioning were the original participants of the 1910 meeting?

2. What did the author feel was the ultimate goal in establishing the IMF and the World Bank?

3. Prior to the establishment of the Federal Reserves, what caused massive bank failures?

4. What was the relationship between the World Bank and the IMF?

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

(see the answer key)

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