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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 drove prices upward during the War of 1812?

2. What financing was behind the second Russian revolution?

3. What was the real cause of the Great Depression of the 1930s?

4. What place in history does the Rothschild family hold?

5. What caused wildcat banks to develop?

Short Essay Questions

1. In Chapter 16, when was the first central bank founded in the US?

2. According to Chapter 13, what was really behind the Russian Bolshevik Revolution?

3. According to Chapter 12, what event sparked the conflicts that led to World War I?

4. According to Chapter 20, what was the economic outlook in the U.S. following the Civil War?

5. According to Chapter 9, what culture first developed the the modern equivalent of the banking industry?

6. According to Chapter 13, what was the goal of the secret society founded by Lord Alfred Milner?

7. In Chapter 9, what restrictions were placed on the Bank of Amsterdam which was established in 1609?

8. According to Chapter 22, when was the Federal Reserve Act passed?

9. According to Chapter 24, what decade marked the beginning of a tremendous surge in U.S. debt?

10. According to Chapter 21, what system was in control of the economy before the Federal Reserve System was established?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

When was the first central bank in the United States established? After what historic event was the bank disbanded? What were the views of Alexander Hamilton and Thomas Jefferson about the concept of a central bank? What type of banks developed as the new country expanded?

Essay Topic 2

Discuss the process of passing legislation to establish the Federal Reserve? What were the obstacles and drawbacks? When was the Federal Reserve Act finally passed? What type of language was used in writing the bill?

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 847 words (approx. 3 pages at 300 words per page) View a FREE sample