View a FREE sample

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

Multiple Choice Questions

1. What is the basic structure of the U.S. monetary system?
(a) The monetary system in the U.S. was constructed for debt to be necessary in order for the Congress to pass tax increases.
(b) The monetary system in the U.S. was constructed for debt to be necessary in order for the economy to flourish.
(c) The monetary system in the U.S. was constructed for debt to be necessary in order for Federal Reserve to remain in control of monetary concerns.
(d) The monetary system in the U.S. was constructed for debt to be necessary in order for the money supply to remain in existence.

2. 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) The U.S. government had actually carried out the 9/11 terrorist attacks on the World Trade Center in New York City.
(d) That the ultra-conservative right-wing had actually carried out the 9/11 terrorist attacks on the World Trade Center in New York City.

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

4. What did communism become known as in the 1980s?
(a) What was called communism had its name changed to fascism, although the system worked exactly the same.
(b) What was called communism had its name changed to socialism, although the system worked exactly the same.
(c) What was called communism had its name changed to social capitalism, although the system worked exactly the same.
(d) What was called communism had its name changed to social democracy, although the system worked exactly the same.

5. What portion of the U.S. debt did a large portion of the tax dollar pay for?
(a) The U.S. debt continued to grow with a large portion of tax dollar going to entitlement programs.
(b) The U.S. debt continued to grow with a large portion of tax dollar going to US war efforts.
(c) The U.S. debt continued to grow with a large portion of tax dollar going into paying the principal on the debt.
(d) The U.S. debt continued to grow with a large portion of tax dollar going into paying only the interest on the debt.

Short Answer Questions

1. The sinking of the Lusitania provoked what country to enter into World War I?

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

3. Why did governments favor banks based on a fiat money system?

4. How did England and France, at least in part, finance their wars?

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

Short Essay Questions

1. According to Chapter 13, what was really behind the Russian Bolshevik Revolution?

2. According to Chapter 17, what dispute did President Andrew Jackson have with the leader of The Second Bank?

3. According to Chapter 14, how many revolutions did Russia actually undergo?

4. According to Chapter 24, what decade marked the beginning of a tremendous surge in U.S. debt?

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

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

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

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

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

10. According to Chapter 18, what impact did stable banking practices have?

(see the answer keys)

This section contains 1,264 words (approx. 5 pages at 300 words per page) View a FREE sample