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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 was the real cause of the Great Depression of the 1930s?
(a) The Great Depression was caused in part by global instability caused by the threat of world war.
(b) The Great Depression was caused in part by the lack of US Congressional oversight in the actions of the Federal Reserve.
(c) The Great Depression was caused in part by government intervention into state banking systems.
(d) The Great Depression was caused in part by government intervention in wage and price controls and by subsidizing farmers and public works projects.

2. The Rothschilds financed the conflict in which what historic leader was defeated by England?
(a) The Rothschilds helped the English defeat Napoleon.
(b) The Rothschilds helped the English defeat Vladimir Lenin.
(c) The Rothschilds helped the English defeat King Louis XVI.
(d) The Rothschilds helped the English defeat Kaiser Wilhem II.

3. Why was the language of the Federal Reserve Act kept intentionally vague?
(a) The language in the bill was made intentionally vague so that the US could remain the world's strongest economy.
(b) The language in the bill was made intentionally vague to protect national security.
(c) The language in the bill was made intentionally vague and open to future interpretations.
(d) The language in the bill was made intentionally vague so that the general public would be kept in the dark about its powers.

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

5. 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 was set up to be sunk by a U-boat operating off the coast of Italy.
(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 ambushed a U-boat operating in the North Atlantic near Ireland.

Short Answer Questions

1. What solid case did governments make for fiat monetary systems?

2. What bank was The Bank of North America modeled after?

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

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

5. What occurred after the Second Bank of the United States was created?

Short Essay Questions

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

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

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

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

5. According to Chapter 13, what was the goal of the secret society founded by Lord Alfred Milner?

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

7. According to Chapter 22, when was the Federal Reserve Act passed?

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

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

10. In Chapter 9, what restrictions were placed on the Bank of Amsterdam which was established in 1609?

(see the answer keys)

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