Switzerland - The Land of the Rich & Home of the Bank?: Banking In Switzerland

Switzerland - The Land of the Rich & Home of the Bank?: Banking In Switzerland

Assessment

Interactive Video

Business, Social Studies

7th - 12th Grade

Hard

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Switzerland, despite lacking natural resources and easy trade access, boasts a high GDP per capita. Unlike resource-rich Norway, Switzerland's wealth stems from its banking system, known for secrecy and neutrality. This reputation dates back to 1713 when Geneva's Great Council protected financial privacy, appealing to European royals. Switzerland's neutrality and banking secrecy have become national cornerstones, akin to the USA's Second Amendment. These principles have significantly influenced the country's prosperity and global standing.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways did Switzerland's neutrality benefit its economy compared to other European powers?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What parallels can be drawn between the financial secrecy in Switzerland and the Second Amendment in the USA?

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