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

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 went through a recession.
(c) During the years following the Civil War, the U.S. economy experienced inflationary times.
(d) During the years following the Civil War, the U.S. economy experienced a period of deflation.

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

3. How were some organizations able to profit during the boom-bust cycle?
(a) Big fortunes were also made by powerful financiers through illegal operations. The Bank of England, the House of Morgan and the Rothschilds were among the winners.
(b) Big fortunes were also made by powerful financiers through legislation that favored them. The Bank of England, the House of Morgan and the Rothschilds were among the winners.
(c) Big fortunes were also made by powerful financiers through market manipulations. The Bank of England, the House of Morgan and the Rothschilds were among the winners.
(d) Big fortunes were also made by powerful financiers by hoarding cash. The Bank of England, the House of Morgan and the Rothschilds were among the winners.

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

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

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

7. What caused wildcat banks to develop?
(a) The central bank reintroduced inflation, and as the country expanded, wildcat banks developed in the wilderness.
(b) The central bank provided generous funds for loans, and as the country expanded, wildcat banks developed in the wilderness.
(c) The central bank reintroduced deflation, and as the country expanded, wildcat banks developed in the wilderness.
(d) The Federal Reserve reintroduced inflation, and as the country expanded, wildcat banks developed in the wilderness.

8. What would result if the money system returned to the gold standard?
(a) A return to the gold standard would result in instability and deflationary times.
(b) A return to the gold standard would require a period of financial pain and many fortunes would evaporate.
(c) A return to the gold standard would result in instability and inflationary times.
(d) A return to the gold standard would set off a boom-bust cycle.

9. What event sparked the conflicts that led to World War I?
(a) World War I started in 1914 with the assassination of the Archduke of Austria-Hungary, Francis Ferdinand.
(b) World War I started in 1914 with a global economic collapse.
(c) World War I started in 1914 with the intercession of the US into European affairs.
(d) World War I started in 1914 with the assassination of the Kaiser Wilhelm II of Germany.

10. What place in history does the Rothschild family hold?
(a) Mayer Amschel Rothschild and his five sons financed worldwide wars from the middle of the eighteenth century into the nineteenth.
(b) Mayer Amschel Rothschild and his five sons financed European wars from the middle of the eighteenth century into the nineteenth.
(c) Mayer Amschel Rothschild and his five sons financed European wars occurring in the twentieth century.
(d) Mayer Amschel Rothschild and his five sons financed European wars occurring after World War II through the Cold War years.

11. What were the additional goals after the Federal Reserve was established in 1910?
(a) The goals were to craft legislation to bring about: the elimination of bank oversight; debt elimination; and, shifting losses from the taxpayers to banks.
(b) The goals were to craft legislation to bring about: the elimination of savings and loans; recapturing the foreign loan market; and, shifting losses from the banks to the state governments.
(c) The goals were to craft legislation to bring about: the elimination of foreign interests; recapturing the bond market; and, shifting losses from the the US to foreign investors.
(d) The goals were to craft legislation to bring about: the elimination of small rival banks; recapturing the industrial loan market; and, shifting losses from the banks to the taxpayers.

12. What two social classes does the author predict for the future?
(a) Only two classes of people would exist--the rich and the middle class.
(b) Only two classes of people would exist--the middle class and the poor.
(c) Only two classes of people would exist--the ruling class and those ruled by it.
(d) Only two classes of people would exist--the rich and the poor.

13. The sinking of the Lusitania provoked what country to enter into World War I?
(a) The sinking of the Lusitania and the death of its passengers, many of whom were German citizens, brought the Germany into the war.
(b) The sinking of the Lusitania and the death of its passengers, many of whom were French citizens, brought the France into the war.
(c) The sinking of the Lusitania and the death of its passengers, many of whom were British citizens, brought the England into the war.
(d) The sinking of the Lusitania and the death of its passengers, many of whom were US citizens, brought the US into the war.

14. What do some radical conspiracy theorists believe about the 9/11 attacks?
(a) That Russia had actually carried out the 9/11 terrorist attacks on the World Trade Center in New York City.
(b) That the Chinese government had actually carried out the 9/11 terrorist attacks on the World Trade Center in New York City.
(c) That the ultra-conservative right-wing had actually carried out the 9/11 terrorist attacks on the World Trade Center in New York City.
(d) The U.S. government had actually carried out the 9/11 terrorist attacks on the World Trade Center in New York City.

15. What deal did the U.S. make with England during World War I regarding the British ship Lusitania?
(a) In a deal struck between England and the US, the British ship Lusitania ambushed a U-boat operating in the North Atlantic near Ireland.
(b) In a deal struck between England and the US, the British ship Lusitania was set up to be sunk by a U-boat operating in the North Atlantic near Ireland.
(c) In a deal struck between England and the US, the British ship Lusitania was set up to be sunk by a U-boat operating in the Black Sea.
(d) In a deal struck between England and the US, the British ship Lusitania was set up to be sunk by a U-boat operating off the coast of Italy.

Short Answer Questions

1. What action was taken to keep England from sliding into depression?

2. The Rothschilds financed the conflict in which what historic leader was defeated by England?

3. What was the real cause of the Great Depression of the 1930s?

4. What document did the author provide to support the idea of a conspiracy to destroy the U.S. economy?

5. Which European bank become the model for the Federal Reserve System?

(see the answer keys)

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