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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What did the USSR implement instead of true Communism?
(a) The USSR never implemented true Communism but became a money-making machine for those trying to establish a quasi-capitalist system of government.
(b) The USSR never implemented true Communism but became a money-making machine for the Axis powers.
(c) The USSR never implemented true Communism but became a money-making machine for the secret money society that had turned into several branches called Round Tables.
(d) The USSR never implemented true Communism but became a money-making machine for the secret money society that was controlled by the United Nations.

2. What resulted from the Mandrake Mechanism?
(a) The results of this system included social planning and hidden taxation and currency devaluation.
(b) The results of this system included social planning and hidden taxation by means of inflation.
(c) The results of this system included social planning and tax relief.
(d) The results of this system included social planning and hidden taxation by means of deflation.

3. What were the sales of English and French war bonds used for?
(a) Most of the money from the sales of the war bonds were spent on German war materials.
(b) Most of the money from the sales of the war bonds were spent on American war materials.
(c) Most of the money from the sales of the war bonds were spent on Russian artillery.
(d) Most of the money from the sales of the war bonds were spent on uniforms and supplies for the soldiers.

4. What were the results of the Russian revolutions?
(a) The first revolution brought in a somewhat democratic government, while the second brought in an oligarchy.
(b) The first revolution brought in a monarchy, while the second brought in a tyrannical government.
(c) The first revolution brought in a a somewhat democratic government, while the second brought in a a somewhat democratic government.
(d) The first revolution brought in a somewhat democratic government, while the second brought in a a somewhat democratic government.

5. Why did governments favor banks based on a fiat money system?
(a) Governments liked the fiat money because it allowed them to raise taxes.
(b) Governments liked the fiat money because it was a way of confiscating wealth from the rich and redistributing it to the poor.
(c) Governments liked the fiat money because it allowed them to hoard gold.
(d) Governments liked the fiat money because it was a way of confiscating wealth from the citizens without raising taxes.

Short Answer Questions

1. What is the Rothschild Formula?

2. Early banks were supported by what monetary system?

3. What disagreement did Alexander Hamilton and Thomas Jefferson have about a central bank?

4. What culture first developed the modern equivalent of the banking industry?

5. What financing was behind the second Russian revolution?

Short Essay Questions

1. In Chapter 11, what place in history does the Rothschild family hold?

2. According to Chapter 12, what event sparked the conflicts that led to World War I?

3. In Chapter 10, what resulted from the Mandrake Mechanism?

4. In Chapter 23, what was the real cause of the Great Depression of the 1930s?

5. What realistic scenario was discussed in Chapter 26 involving the U.S. monetary system?

6. According to Chapter 25, what two social classes does the author predict for the future?

7. According to Chapter 25, what did the author predict for the U.S. economy?

8. According to Chapter 19, what were the causes of the Civil War?

9. According to Chapter 20, what was the economic outlook in the U.S. following the Civil War?

10. According to Chapter 15, why was the use of fiat money disallowed in the United States?

(see the answer keys)

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