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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. Why did banks ask for interest-only payments?

2. What is laudable about the author's work?

3. Who does the Federal Reserve depend on to bail out the country in times of economic collapse?

4. How did many people feel about those who went too far into debt?

5. What economic group is hit the hardest by an inflation?

Short Essay Questions

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

2. According to Chapter 4, what caused the Savings & Loan crisis of the 1980s?

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

4. In Chapter 4, what factdors may have contributed to the problems of the S&Ls in the 1980s?

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

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

7. According to Chapter 3, how did the government help the Lockheed Corporation?

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

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

10. According to Chapter 3, what was the result of the first electronic run on banks in 1983?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

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?

Essay Topic 3

What event is usually blamed for the Great Depression? What were underlying reasons for the Great Depression? Why were Americans drawn to socialism during this crisis? What finally ended the Depression?

(see the answer keys)

This section contains 780 words (approx. 3 pages at 300 words per page) View a FREE sample