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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 was the economic outlook in the U.S. following the Civil War?
(a) During the years following the Civil War, the U.S. economy went through extremes of the boom-bust cycle.
(b) During the years following the Civil War, the U.S. economy experienced inflationary times.
(c) During the years following the Civil War, the U.S. economy went through a recession.
(d) During the years following the Civil War, the U.S. economy experienced a period of deflation.

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

3. What caused the collapse of the Bank of Hamburg in 1813?
(a) Formed in the early 1600s, the Bank of Hamburg stayed solvent until the stock market crash of 1929.
(b) Formed in the early 1600s, the Bank of Hamburg stayed solvent until the Nazi Party rose to power.
(c) Formed in the early 1600s, the Bank of Hamburg stayed solvent until World War I.
(d) Formed in the early 1600s, the Bank of Hamburg stayed solvent until Napoleon captured it in 1813.

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

5. 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.

Short Answer Questions

1. When the entire banking system failed, what did the Federal government turn to to bolster the failed back up system?

2. Why did banks ask for interest-only payments?

3. What fraudulent global threat was invented to bring the entire world together?

4. What often occurs to a conspiracy theory when deceit is not used to strengthen their case?

5. Many people feel that the economic system has been rigged to favor what group of people?

(see the answer key)

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