View a FREE sample

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

Short Answer Questions

1. Why were S&Ls popular with those seeking loans in the 1980s?

2. What country contributed the largest investment in the IMF?

3. How did the government provide economic support to Lockheed Corporation in 1970?

4. What is the definition of a public run on a bank?

5. How did the banks make their money?

Short Essay Questions

1. In Chapter 2, how did the banks make their money?

2. In Chapter 2, what was the main cause of the economic meltdown in 2008?

3. According to Chapter 5, what US president abandoned the gold standard from the US dollar?

4. According to Chapter 2, how did people react to the creation of new money?

5. According to Chapter 7, What can result when paper money is not backed with gold or silver?

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

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

8. In Chapter 8, how did the development of paper money begin?

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

10. According to Chapter 3, the nationalization of banks is more likely to occur under conservative or liberal administrations?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss government bailouts that started in the early 1970s. What happened to these early companies that the government rescued? What types of entities did the government bail out?

Essay Topic 2

What was the role of the Rothschild family in the history of warfare? What is the Rothschild Formula?

Essay Topic 3

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?

(see the answer keys)

This section contains 661 words (approx. 3 pages at 300 words per page) View a FREE sample