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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. What impacted housing prices in the Midwest states?
2. What is laudable about the author's work?
3. The Federal Reserve System was designed to control what element of member banks?
4. What did the author feel was the ultimate goal in establishing the IMF and the World Bank?
5. Why did banks ask for interest-only payments?
Short Essay Questions
1. According to Chapter 3, what were some of the major organizations helped by government bailouts?
2. According to Chapter 3, the nationalization of banks is more likely to occur under conservative or liberal administrations?
3. In Chapter 3, what is the first bailout that is covered in this book?
4. According to Chapter 5, what US president abandoned the gold standard from the US dollar?
5. In Chapter 8, how did the development of paper money begin?
6. According to Chapter 1, where did the idea for the Federal Reserve System originate?
7. In Chapter 2, what was the main cause of the economic meltdown in 2008?
8. According to Chapter 7, how did modern monetary systems originate historically?
9. According to Chapter 1, what did over-lending by banks result in?
10. According to Chapter 7, what culture was the first to create a currency system based on gold and silver?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
When did the U.S. debt begin to increase at a tremendous rate? By what standard was the U.S. debt measured from that time on? What did some people feel was behind the enormous debt that was facing America?
Essay Topic 2
What event is usually blamed for the Great Depression? What were underlying reasons for the Great Depression? Why were Americans drawn to socialism during this crisis? What finally ended the Depression?
Essay Topic 3
When was the first central bank in the United States established? After what historic event was the bank disbanded? What were the views of Alexander Hamilton and Thomas Jefferson about the concept of a central bank? What type of banks developed as the new country expanded?
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This section contains 784 words (approx. 3 pages at 300 words per page) |
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