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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 two social classes does the author predict for the future?
2. How were German U-boats successful in World War I?
3. What was the role of the British Ship Lusitania in World War I?
4. What role did J. P. Morgan have in Milner's secret society?
5. What caused the economic downturn in 1818?
Short Essay Questions
1. According to Chapter 9, what culture first developed the the modern equivalent of the banking industry?
2. According to Chapter 21, what system was in control of the economy before the Federal Reserve System was established?
3. According to Chapter 12, what event sparked the conflicts that led to World War I?
4. According to Chapter 10, what is the basic structure of the US monetary system?
5. According to Chapter 19, what were the causes of the Civil War?
6. In Chapter 10, what resulted from the Mandrake Mechanism?
7. In Chapter 16, when was the first central bank founded in the US?
8. According to Chapter 25, what two social classes does the author predict for the future?
9. According to Chapter 13, what was the goal of the secret society founded by Lord Alfred Milner?
10. According to Chapter 18, what impact did stable banking practices have?
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 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?
Essay Topic 3
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?
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