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WorksheetsPrinciples for Dealing with the Changing World Order
Total questions: 15
Worksheet time: 15mins
History shows that over the last ________ years, many of the same economic circumstances that occurred over that time are occurring today.
1000
200
500
150
The 3 countries listed at the beginning of the video where economic history repeated were the ________, _________, and _________
Scottish, Irish, and German empires.
Dutch, British, and US empires.
Australian, Swedish, and African empires.
South American, Portuguese, and Arctic empires.
What happened to the United States in 1971 that affected gold and the dollar?
The United States decided to adopt the Gold Standard.
The United States took out a loan.
The United States ran out of silver.
The United States ran out of money and no longer accepted dollars for gold.
What is the most important difference or characteristic between money and currency?
Inflationary
Divisibility
Store of value
Deflationary
What date did President Nixon announce to the world that the United States was breaking their promise and would no longer allow anyone to exchange their dollars for gold?
August 15, 1971
October 15, 1972
January 15, 1981
August 1, 1913
After the announcement by Nixon that the dollar would no longer be backed by gold, the stock market crashed.
True
False
As a general rule and the first principle in the video, what has been the best things to invest in or buy when central banks print a lot of currency (money)?
phones and telecommunication equipment
bonds, T-bills, and currencies
stocks, gold, and commodities
cars and trucks
What year was the last time that the central bank and government printed a large amount of money (currency)?
2001
2010
2015
2020
The second principle in the video stated, "To understand what is coming at you, you need to understand human psychology."
True
False
The last time a changing world order sequence happened was from ________.
1900 to 1915
1915 to 1930
1930 to 1945
1945 to 1960
The definition of an order (as in a changing world order) is _____________.
a rule of law over the economy
a governing system for people dealing with each other
a system of currency
a governing body of market participants
What was the name of the new world order monetary system agreement in 1944 that made the dollar the new world reserve currency?
Jamison Woods
British Tribunal
Pennsylvania National
Bretton Woods
The "Big Cycle" as described in the video can most easily be described as the The Rise, The Top, and The Decline.
True
False
Regarding "The Great Empires" in the video, the main four empires that were focused on were the ____________________.
Dutch, British, US and Chinese
German, French, British and Chinese
Swedish, German, Dutch and US
Dutch, British, French and US
Each great cycle of the rise and fall of the four great empires lasted about ________ years.
50
150
250
500
