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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. How did governments devalue currency in fiat money systems?
(a) This was accomplished by devaluing the currency through use of the printing press.
(b) This was accomplished by devaluing the currency through legislation.
(c) This was accomplished by devaluing the currency through taxation..
(d) This was accomplished by devaluing the currency through regulation.

2. What did the author predict would become the world government?
(a) Europe would become the world government.
(b) The UN was the organization that would become the world government.
(c) China would become the world government.
(d) The US would become the world government.

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

4. What action was taken to keep England from sliding into depression?
(a) To keep Britain from sliding into depression, the U.S. dollar was intentionally deflated through the Federal Reserve System.
(b) To keep Britain from sliding into depression, the U.S. dollar was intentionally inflated through an activist Supreme Court.
(c) To keep Britain from sliding into depression, the U.S. dollar was intentionally inflated through the US Congress.
(d) To keep Britain from sliding into depression, the U.S. dollar was intentionally inflated through the Federal Reserve System.

5. Which European bank become the model for the Federal Reserve System?
(a) The Bank of Madrid became the model for the Federal Reserve System.
(b) The Bank of England became the model for the Federal Reserve System.
(c) Bank One of Rome became the model for the Federal Reserve System.
(d) First Banc of France became the model for the Federal Reserve System

Short Answer Questions

1. What do some radical conspiracy theorists believe about the 9/11 attacks?

2. How did Nicholas Biddle, leader of The Second Bank, respond to President Andrew Jackson's opposition to him?

3. What portion of the U.S. debt did a large portion of the tax dollar pay for?

4. What financing was behind the second Russian revolution?

5. The Rothschild family held sway over most political leaders with the exception of what historic figure?

Short Essay Questions

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

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

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

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

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

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

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

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

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

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

(see the answer keys)

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