Print
Word
PDF
|
| Name: _________________________ | Period: ___________________ |
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. What occurred when coinage was weakened through lower percentages of precious metal or completing stripped of such backing?
2. What happened when Congress stepped in during the S&L crisis?
3. What economic group is hit the hardest by an inflation?
4. Who does the Federal Reserve depend on to bail out the country in times of economic collapse?
5. What did the U.S. government do to support banks?
Short Essay Questions
1. According to Chapter 7, what culture was the first to create a currency system based on gold and silver?
2. According to Chapter 7, how did modern monetary systems originate historically?
3. According to Chapter 1, where did the idea for the Federal Reserve System originate?
4. According to Chapter 3, how did the government help the Lockheed Corporation?
5. In Chapter 3, what is the first bailout that is covered in this book?
6. In Chapter 6, why did all nations, in the author's opinion, become socialistic in the New World Order?
7. According to Chapter 5, what was the relationship between the UN and the World Bank and IMF?
8. In Chapter 1, how is a "currency drain" defined?
9. In Chapter 2, what was the main cause of the economic meltdown in 2008?
10. According to Chapter 1, what was the main purpose of the Federal Reserve System?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
The U.S. economy began a bust-boom cycle following what historic event? Discuss the reasons for the bust-boom cycle and how it impacts the economy. What individuals were benefited by these cycles?
Essay Topic 2
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 3
Describe and discuss the Mandrake Mechanism and its effect on an economy. Why was the system made to be complex?
|
This section contains 776 words (approx. 3 pages at 300 words per page) |
|
