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This quiz consists of 5 multiple choice and 5 short answer questions through Section IV. A Tale of Three Banks, Chapters 16-19 The Creature Comes to America; A Den of Vipers; Loaves and Fishes, and Civil War; Greenbacks and Other Crimes.

Multiple Choice Questions

1. What new way of home ownership emerged in the 1980s?
(a) Housing co-ops became another way to buy a home.
(b) The government incentivized buyers to buy foreclosed upon homes.
(c) A government sponsored home buyer's savings program was established.
(d) Condominiums became a new way to buy a home.

2. Conspiracy theorists connected the potential of world socialism to what organization?
(a) This conspiracy theory encompassed the entire world by connecting the United Nations with socialism.
(b) This conspiracy theory encompassed the entire world by connecting the World Bank with socialism.
(c) This conspiracy theory encompassed the entire world by connecting the Federal Reserve with socialism.
(d) This conspiracy theory encompassed the entire world by connecting the IMF with socialism.

3. What did the issuance of the first paper money lead to?
(a) Stronger economies evolved from the establishment of the paper money system.
(b) The class system evolved from the establishment of the paper money system.
(c) Banks evolved from the establishment of the paper money system.
(d) The lending process evolved from the establishment of the paper money system.

4. How did the development of paper money begin?
(a) The development of paper money started out as vouchers issued by the government.
(b) The development of paper money started out as simply receipts issued by goldsmiths who were the first banks.
(c) The development of paper money started out as simply receipts issued by goldsmiths who kept other people's gold coins in their vaults.
(d) The development of paper money started out as simply receipts issued by goldsmiths who gave the people's gold coins to the government.

5. What city became a major part of the welfare state in 1975?
(a) Los Angeles became a major part of the welfare state in 1975 via Federal government bailouts.
(b) Atlanta became a major part of the welfare state in 1975 via Federal government bailouts.
(c) New York City became a major part of the welfare state in 1975 via Federal government bailouts.
(d) Chicago became a major part of the welfare state in 1975 via Federal government bailouts.

Short Answer Questions

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

2. What dispute did President Andrew Jackson have with the leader of The Second Bank?

3. What other organizations were spawned from Milner's secret society?

4. Why was there skepticism about the author's analysis?

5. If the debtors stopped paying banks altogether, what action would the Federal Reserve System take?

(see the answer key)

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