This quiz consists of 5 multiple choice and 5 short answer questions through Section III. The New Alchemy, Chapters 11-12 The Rothschild Formula; Sink the Lusitania!.

Multiple Choice Questions

1. What resulted when paper money was not backed with gold or silver?
(a) Money not backed by precious metal led to higher deficits.
(b) Money not backed by precious metal led to deflation and political upheaval.
(c) Money not backed by precious metal led to inflation and political upheaval.
(d) Money not backed by precious metal led to booming economies and political stability.

2. What event sparked the conflicts that led to World War I?
(a) World War I started in 1914 with the assassination of the Kaiser Wilhelm II of Germany.
(b) World War I started in 1914 with the intercession of the US into European affairs.
(c) World War I started in 1914 with a global economic collapse.
(d) World War I started in 1914 with the assassination of the Archduke of Austria-Hungary, Francis Ferdinand.

3. What major banks failed in 1972?
(a) First Bank of California and Wells Fargo Bank failed in 1972.
(b) In 1972, Bank of America and Citibank failed.
(c) In 1972, First Bank of Michigan and New York Bank both failed.
(d) Unity Bank fell in 1972, as did the Commonwealth Bank of Detroit.

4. After analysis, what was the real nature of the S&L system?
(a) The S&L system turned out to actually be a scam.
(b) The S&L system turned out to actually be a cartel within a cartel.
(c) The S&L system turned out to actually be criminal.
(d) The S&L system turned out to actually be operated by international interests.

5. Why were S&Ls popular with those seeking loans in the 1980s?
(a) It was easier for those seeking loans to be approved by S&Ls.
(b) S&L loans were often approved on the spot.
(c) S&L loans allowed customers to defer payments for up to one year.
(d) The S&Ls were offering better interest rates on deposits than banks, and that attracted money into them.