This quiz consists of 5 multiple choice and 5 short answer questions through Section VI. Time Travel into the Future, Chapters 24-26 Doomsday Mechanisms; A Pessimistic Scenario; A Realistic Scenario.

Multiple Choice Questions

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

2. What would be the role of the IMF and World Bank in the new world order?
(a) The IMF and World Bank would control cash flow.
(b) The IMF and World Bank would force the bust-boom cycle.
(c) The IMF and World Bank would force the new world currency on all nations.
(d) The IMF and World Bank would limit lending.

3. What monetary system did the Constitution of the newly formed United States require?
(a) When the United States was formed, the Constitution required that all precious metal be in the control of the government.
(b) When the United States was formed, the Constitution required a paper currency system.
(c) When the United States was formed, the Constitution required a fractional money system.
(d) When the United States was formed, the Constitution required gold-backed money.

4. What caused the economic downturn in 1818?
(a) In 1818 an economic downturn began as the IMF tightened loan requirements and shrunk the money supply by calling in old loans.
(b) In 1818 an economic downturn began as the US Congress tightened loan requirements and shrunk the money supply by calling in old loans.
(c) In 1818 an economic downturn began as the banks tightened loan requirements and shrunk the money supply by calling in old loans.
(d) In 1818 an economic downturn began as the Federal Reserve tightened loan requirements and shrunk the money supply by calling in old loans.

5. What dispute did President Andrew Jackson have with the leader of The Second Bank?
(a) President Andrew Jackson battled against the leader of The Second Bank, Nicholas Biddle, because Biddle did not favor the gold standard.
(b) President Andrew Jackson battled against the leader of The Second Bank, Nicholas Biddle, because Biddle had too much influence with Congress.
(c) President Andrew Jackson battled against the leader of The Second Bank, Nicholas Biddle, because Biddle had too much sway over the government and the economy.
(d) President Andrew Jackson battled against the leader of The Second Bank, Nicholas Biddle, because Biddle had too power over state banks.