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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 organization ensures the nationalization of banks?
2. What resulted from the 1970 Penn Central Railroad bailout?
3. The banking system before the Federal Reserve System allowed banks to lend out what percentage of money against one percent in deposits.
4. Why was gold considered the ideal metal behind a monetary system?
5. What major banks failed in 1972?
Short Essay Questions
1. According to Chapter 7, What can result when paper money is not backed with gold or silver?
2. According to Chapter 3, how did the government help the Lockheed Corporation?
3. According to Chapter 1, what were banks allowed to lend prior to the establishment of the Federal Reserve System?
4. In Chapter 2, how did the banks make their money?
5. According to Chapter 3, the nationalization of banks is more likely to occur under conservative or liberal administrations?
6. In Chapter 4, what factdors may have contributed to the problems of the S&Ls in the 1980s?
7. In Chapter 7, what impact did the Greek currency system have on the economy?
8. According to Chapter 2, how did people react to the creation of new money?
9. In Chapter 1, how is a "currency drain" defined?
10. According to Chapter 6, how did the new world order develop?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Where was the International Monetary Fund and the World Bank created and what was their stated purpose? What association did they have to the United Nations? What did the author feel was the real goal in establishing the IMF?
Essay Topic 2
Where was the Federal Reserve developed? Who was the leader at the meeting where the Federal Reserve was developed. What is the author's overall opinion for the real reasons for the Reserve and what impact it has had on the US economy?
Essay Topic 3
Discuss the Savings & Loan Crisis of the 1980s? How did the crisis develop? What role did the Federal Reserve play? What did the Congress force the S&Ls to do?
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This section contains 847 words (approx. 3 pages at 300 words per page) |
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