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

2. The Rothschild family held sway over most political leaders with the exception of what historic figure?
(a) The Rothschild family held no political influence over Vladimir Lenin.
(b) The Rothschild family held no political influence over Adolph Hitler.
(c) The Rothschild family held no political influence over Kaiser Wilhelm II.
(d) The Rothschild family held no political influence over Napoleon.

3. How were some organizations able to profit during the boom-bust cycle?
(a) 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.
(b) 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.
(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 through illegal operations. The Bank of England, the House of Morgan and the Rothschilds were among the winners.

4. Why was the use of fiat money disallowed in the United States?
(a) The reason the framers of the Constitution elected to eliminate fiat money was because rampant deflation had recently occurred, and the pain of that was still fresh in the framers' minds.
(b) The reason the framers of the Constitution elected to eliminate fiat money was because a severe economic downturn had recently occurred, and the pain of that was still fresh in the framers' minds.
(c) The reason the framers of the Constitution elected to eliminate fiat money was because rampant inflation had recently occurred, and the pain of that was still fresh in the framers' minds.
(d) The reason the framers of the Constitution elected to eliminate fiat money was because a bank run had recently occurred, and the pain of that was still fresh in the framers' minds.

5. 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.

Short Answer Questions

1. What were the additional goals after the Federal Reserve was established in 1910?

2. What system was in control of the economy before the Federal Reserve System was established?

3. What is the basic structure of the U.S. monetary system?

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

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

Short Essay Questions

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

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

3. In Chapter 12, what were the sales of English and French war bonds used for?

4. According to Chapter 11, what is the Rothschild Formula?

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

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

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

8. According to Chapter 10, what is the basic structure of the US monetary system?

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

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

(see the answer keys)

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