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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 occurred after the economic downturn in 1818?

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. Why was the use of fiat money disallowed in the United States?

5. What caused wildcat banks to develop?

Short Essay Questions

1. According to Chapter 15, why was the use of fiat money disallowed in the United States?

2. According to Chapter 19, what were the causes of the Civil War?

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

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

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

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

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 14, how many revolutions did Russia actually undergo?

10. In Chapter 11, what place in history does the Rothschild family hold?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What was the financial impact of the Russian Revolution? How many revolutions did Russia undergo within the same year? Describe the two revolutions and what resulted from them.

Essay Topic 2

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?

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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