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This quiz consists of 5 multiple choice and 5 short answer questions through Section I. What Creature Is This? Chapters 5-6 Nearer to the Heart's Desire; Building the New World Order.

Multiple Choice Questions

1. What was the location of the meeting where the concept of the Federal Reserve was developed?
(a) The concept of the Federal Reserve was developed on Alcatraz Island.
(b) The concept of the Federal Reserve was developed on Long Island.
(c) The concept of the Federal Reserve was developed on Jekyll Island.
(d) The concept of the Federal Reserve was developed in the Hawaiin Islands.

2. What was the impact of the creation of new money on the currency?
(a) People considered the creation of new money inflationary as the prices of goods and services rose but had no impact on the currency.
(b) People considered the creation of new money inflationary as the prices of goods and services rose, but in reality it was strengthening the currency in the world market.
(c) People considered the creation of new money inflationary as the prices of goods and services rose, but in reality this was increasing the value of the currency.
(d) People considered the creation of new money inflationary as the prices of goods and services rose, but in reality this was a devaluing of the currency.

3. What does the FDIC stand for?
(a) The FDIC stands for The Federal Deposit Insurance Corporation.
(b) The FDIC stands for The First Debt Institute of Connneticut.
(c) The FDIC stands for The Federal Debt Issuers Company.
(d) The FDIC stands for The First Depositor's Insurance Corporation.

4. What did the author feel was the ultimate goal in establishing the IMF and the World Bank?
(a) The ultimate goal was to put the United Nations in control of world currency.
(b) The ultimate goal was to establish the US dollar as the single world currency.
(c) The ultimate goal was to bring about a single world government that had control of all currencies.
(d) The ultimate goal was to establish the Euro as the single world currency.

5. In what year was First Pennsylvania Bank bailed out?
(a) First Pennsylvania Bank was bailed out in 1973.
(b) First Pennsylvania Bank was bailed out in 1972.
(c) First Pennsylvania Bank was bailed out in 1980.
(d) First Pennsylvania Bank was bailed out in 1975.

Short Answer Questions

1. How were the policies of FDR's administration a departure from capitalism?

2. How did the New World Order develop?

3. Conspiracy theorists connected the potential of world socialism to what organization?

4. How did the government provide economic support to Lockheed Corporation in 1970?

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

(see the answer key)

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