This quiz consists of 5 multiple choice and 5 short answer questions through Section VI. Time Travel into the Future, Chapters 24-26 Doomsday Mechanisms; A Pessimistic Scenario; A Realistic Scenario.

Multiple Choice Questions

1. Why did governments favor banks based on a fiat money system?
(a) Governments liked the fiat money because it was a way of confiscating wealth from the citizens without raising taxes.
(b) Governments liked the fiat money because it was a way of confiscating wealth from the rich and redistributing it to the poor.
(c) Governments liked the fiat money because it allowed them to hoard gold.
(d) Governments liked the fiat money because it allowed them to raise taxes.

2. What were the sales of English and French war bonds used for?
(a) Most of the money from the sales of the war bonds were spent on uniforms and supplies for the soldiers.
(b) Most of the money from the sales of the war bonds were spent on American war materials.
(c) Most of the money from the sales of the war bonds were spent on German war materials.
(d) Most of the money from the sales of the war bonds were spent on Russian artillery.

3. 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.

4. The sinking of the Lusitania provoked what country to enter into World War I?
(a) The sinking of the Lusitania and the death of its passengers, many of whom were French citizens, brought the France into the war.
(b) The sinking of the Lusitania and the death of its passengers, many of whom were German citizens, brought the Germany into the war.
(c) The sinking of the Lusitania and the death of its passengers, many of whom were British citizens, brought the England into the war.
(d) The sinking of the Lusitania and the death of its passengers, many of whom were US citizens, brought the US into the war.

5. How did many people feel about those who went too far into debt?
(a) Many felt that people who were in debt had been encouraged to do so by political figures.
(b) Many argued that people who went too far into debt had done this on their own--nobody had forced people into the mortgages or credit cards.
(c) Many argued that those in deep debt should be forgiven much of their dept because of the reclining economy.
(d) Many felt that the nation had been taught to rely too much on credit.