View a FREE sample

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What decade marked the beginning of a tremendous surge in U.S. debt?
(a) The U.S. grew its debt tremendously since 1910.
(b) The U.S. grew its debt tremendously since 1960.
(c) The U.S. grew its debt tremendously since 1930.
(d) The U.S. grew its debt tremendously since 1950.

2. When was the first central bank founded in the US?
(a) The first central bank was founded in the US before the Spanish-American War.
(b) The first central bank was founded in the US before the Civil War.
(c) The first central bank was founded in the US before the Constitution was drafted.
(d) The first central bank was founded in the US after the Constitution was drafted.

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

4. How did England and France, at least in part, finance their wars?
(a) England and France went heavily into war debt until they hired political financial excerpts from the Far East.
(b) England and France went heavily into war debt causing them to reduce the sizes of their armies.
(c) England and France went heavily into debt until the countries sold their war bonds to the US.
(d) England and France went heavily into debt until the countries had to hire the House of Morgan in partnership with the Rothschilds to sell their war bonds.

5. What occurred after the economic downturn in 1818?
(a) After the economic downturn in 1818, revenues were bolstered by increased taxation.
(b) After the economic downturn in 1818, layoffs and bankruptcies followed.
(c) After the economic downturn in 1818, loans were difficult to obtain.
(d) After the economic downturn in 1818, a period of deflation followed.

6. What was really behind the Russian Bolshevik Revolution?
(a) The Russian Bolshevik Revolution was a revolution of and for the people.
(b) The Russian Bolshevik Revolution was not a revolution of and for the people, as history usually asserts, but the manipulations of foreign interests.
(c) The Russian Bolshevik Revolution was not a revolution of and for the people, as history usually asserts, but the manipulations of a handful of financiers.
(d) The Russian Bolshevik Revolution was not a revolution of and for the people, as history usually asserts, but the manipulations the Axis Powers.

7. What disagreement did Alexander Hamilton and Thomas Jefferson have about a central bank?
(a) Alexander Hamilton favored a central bank and Thomas Jefferson was against it.
(b) Alexander Hamilton wanted a limited central bank and Thomas Jefferson wanted its authority to be more far-reaching.
(c) Alexander Hamilton favored a powerful central bank and Thomas Jefferson was for limited powers.
(d) Thomas Jefferson favored a central bank and Alexander Hamilton was against it.

8. What system was in control of the economy before the Federal Reserve System was established?
(a) Before the Federal Reserve System came into being, groundwork was laid by the few people who controlled banking.
(b) Before the Federal Reserve System came into being, groundwork was laid by the few people who controlled banking.
(c) Before the Federal Reserve System came into being, groundwork was laid by the few people who controlled banking.
(d) Before the Federal Reserve System came into being, groundwork was laid by the few people who controlled banking.

9. What caused the boom-bust cycle in the U.S. economy following the Civil War?
(a) The boom-bust cycle was due to the establishment of the Federal Reserve.
(b) The boom-bust cycle was due to the widespread use of fiat money and the implementation of many economic tricks that were doomed to failure.
(c) The boom-bust cycle was due to the lack of oversight by the US Congress.
(d) The boom-bust cycle was due to the widespread use of paper currency not based by the gold standard.

10. What was the name of the central bank established in 1791?
(a) The Bank of the Philadelphia was chartered in 1791.
(b) The Bank of America was chartered in 1791.
(c) The Bank of New England was chartered in 1791.
(d) The Bank of the United States was chartered in 1791.

11. After the 1950s, what was the standard of measure used to estimate the US debt?
(a) The debt was measured in trillions of dollars.
(b) The debt was measured in zillions of dollars.
(c) The debt was measured in millions of dollars.
(d) The debt was measured by the gold standard.

12. What country was formed after the second Russian revolution?
(a) Kurdistan was formed after the Russian revolution.
(b) The country of Georgia was established after the second Russian revolution.
(c) New Poland was formed after the second Russian revolution.
(d) The USSR developed after the second Russian revolution.

13. What role did J. P. Morgan have in Milner's secret society?
(a) J.P. Morgan financed the sides of political struggles that agreed with his liberal views.
(b) J.P. Morgan financed all sides of political struggles so that no matter who won, that side would be beholding to him and his organizations.
(c) J.P. Morgan financed the sides of political struggles that agreed with his conservative views.
(d) J.P. Morgan financed all sides of political struggles to boost his chances for elective office.

14. What occurred after the Second Bank of the United States was created?
(a) The Second Bank of the United States was created in 1816 and created a booming economy.
(b) The Second Bank of the United States was created in 1816 and caused inflationary conditions.
(c) The Second Bank of the United States was created in 1816 and introduced the boom-bust cycle.
(d) The Second Bank of the United States was created in 1816 and caused a period of deflation.

15. How did large banks react to the Federal Reserve Act?
(a) The leaders of the large banks openly opposed the bill and employed congressional lobbyists to fight it.
(b) The leaders of the large banks openly supported the bill and employed congressional lobbyists to fight for it.
(c) The leaders of the large banks put up a good show of opposition, but deep down they wanted this bill to pass even with the compromises.
(d) The leaders of the large banks put up a good show of opposition, but deep down they did not want this bill to pass even with the compromises.

Short Answer Questions

1. What dispute did President Andrew Jackson have with the leader of The Second Bank?

2. What do some radical conspiracy theorists believe about the 9/11 attacks?

3. When was the Federal Reserve Act passed?

4. What did the author predict would become the world government?

5. What drove prices upward during the War of 1812?

(see the answer keys)

This section contains 1,455 words (approx. 5 pages at 300 words per page) View a FREE sample