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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What impacted housing prices in the Midwest states?

2. Why was platinum not used to back the monetary system?

3. How do conspiracy theorists strengthen their stands?

4. Prior to the establishment of the Federal Reserves, what caused massive bank failures?

5. When the entire banking system failed, what did the Federal government turn to to bolster the failed back up system?

Short Essay Questions

1. According to Chapter 2, what is the Federal Deposit Insurance Corporation?

2. According to Chapter 1, where did the idea for the Federal Reserve System originate?

3. According to Chapter 1, what did over-lending by banks result in?

4. According to Chapter 5, what resulted from the removal of the gold standard?

5. According to Chapter 5, what country contributed the largest investment in the IMF?

6. According to Chapter 5, what was the relationship between the UN and the World Bank and IMF?

7. In Chapter 6, why did all nations, in the author's opinion, become socialistic in the New World Order?

8. In Chapter 3, what is the first bailout that is covered in this book?

9. In Chapter 2, why did banks make risky loans?

10. In Chapter 7, what impact did the Greek currency system have on the economy?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

When did the U.S. debt begin to increase at a tremendous rate? By what standard was the U.S. debt measured from that time on? What did some people feel was behind the enormous debt that was facing America?

Essay Topic 2

Discuss how monetary systems originated? What were the first commodities that were traded? What ancient culture was the first to establish a monetary system based on precious metals? What type of economic environment emerged from this system?

Essay Topic 3

Discuss the historic reasons for the Civil War. According to the author, what were some of the real reasons behind the war? What role did foreign interests play in the war?

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