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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 action was taken to keep England from sliding into depression?

2. What did communism become known as in the 1980s?

3. What culture first developed the modern equivalent of the banking industry?

4. What drove prices upward during the War of 1812?

5. What restricted the the states from using fiat money?

Short Essay Questions

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

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

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

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

5. In Chapter 12, what were the sales of English and French war bonds used for?

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

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

8. According to Chapter 17, what dispute did President Andrew Jackson have with the leader of The Second Bank?

9. In Chapter 23, what was the real cause of the Great Depression of the 1930s?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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?

Essay Topic 2

What city-state was the first to establish an actual banking system--a system on which modern banking is based? Discuss the establishment of early European banks. Discuss the seizure of the Bank of Hamburg.

Essay Topic 3

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?

(see the answer keys)

This section contains 889 words (approx. 3 pages at 300 words per page) View a FREE sample