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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 events cause deflation?
(a) Deflation occurs when the government takes steps against inflationary signals.
(b) Deflation occurs when prices suddenly tumble.
(c) Deflation occurs when the stock market suddenly tumble.
(d) Deflation occurs when prices suddenly increase.

2. What is the author's main complaint?
(a) Central to the author's thesis was that a few scheming people were constantly and consistently strapping the taxpayer with the costs of the bad loans.
(b) Central to the author's thesis was that a few scheming people were constantly and consistently strapping the IMF with the costs of the bad loans.
(c) Central to the author's thesis was that a few scheming people were constantly and consistently strapping the government with the costs of the bad loans.
(d) Central to the author's thesis was that a few scheming people were constantly and consistently strapping the Federal Reserve with the costs of the bad loans.

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

4. How was the nationalization of banks justified?
(a) Nationalization was necessary for the banking industry.
(b) Nationalization was necessary for the public good.
(c) Nationalization was necessary for the nation's standing in the world.
(d) Nationalization was necessary for the IMF.

5. What was the main cause of the economic meltdown in 2008?
(a) The US deficit was the main cause for the 2008 economic meltdown.
(b) An unstable world economy was the main cause for the 2008 economic meltdown.
(c) Toxic assets, also known as mortgages and loans were the main cause for the 2008 economic meltdown.
(d) The lack of Congressional legislation was the main cause for the 2008 economic meltdown.

Short Answer Questions

1. What type of person was Paul Moritz Warburg?

2. How was some property converted for home ownership during the 1980s?

3. In what year was the concept of the Federal Reserve first developed?

4. How did unemployment impact the economic problems?

5. What place in history does the Rothschild family hold?

(see the answer key)

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