Quiz for:
Power Players Behind the Federal Reserve

Question 1

What does the text suggest about the Federal Reserve System's true nature?

Question 2

Which organization was Frank A. Vanderlip representing during the Jekyll Island meeting?

Question 3

What was a criticism of the Federal Reserve System after its creation?

Question 4

Why was secrecy important during the Jekyll Island meeting?

Question 5

What economic context led to the need for the Federal Reserve System?

Question 6

How did the meeting participants plan to manage banking reserves?

Question 7

What term did the architects of the Federal Reserve seek to avoid using publicly?

Question 8

Which individual is recognized as the main architect of the Federal Reserve System?

Question 9

Which financial alliance is Paul M. Warburg associated with?

Question 10

What strategy was used to present the Federal Reserve to the public?

Question 11

Who was Nelson Aldrich, and what was his role related to the meeting?

Question 12

What did the Federal Reserve System supposedly promise to counter?

Question 13

Which banking group was represented by Benjamin Strong?

Question 14

What was one of the main objectives of the Jekyll Island meeting regarding smaller banks?

Question 15

What was the primary purpose of the meeting on Jekyll Island?