Debate Magazine

It's Quiz Time Again!

Posted on the 27 October 2011 by Mikeb302000
OK, one of the byproducts of the Occupy movement is that it is getting people to discuss economics. In this case, this quiz was designed to get you thinking about economic history (particularly US, but also includes world economic history) and some economic concepts that might help you grasp what exactly is going on.
of course, I think most people are pretty confused as to what is going on and what a reasonable solution would be.
There are "answers" to this, but I was hoping to get some discussion going. So, let's see comments!
  1. What was colonial scrip?

  2. What were the Currency Acts of 1751, 1764, and 1773?

  3. What was the economic complaint mentioned in the Declaration of Independence (not tax related).

  4. What were two economic results of the North American Independence Movement?

  5. What was Shays' Rebellion?

  6. If a factory closed, and the laid off workers bought it, sold shares proportional to their investments and reopened the factory: Would that be communism or capitalism?

  7. What do Brook Farm, the Harmony Society (New Harmony, IN), the Shakers, the Amana Colonies, the Oneida Community, The Icarians, Bishop Hill Commune,Aurora, Oregon, and Bethel, MO have in common? I'm going to toss in who were the Diggers and Levellers as well even though I am not sure if they had much influence in the Massachusetts Colony.

  8. What is behavioural economics?

  9. What is the Psychology of the Bubble.

  10. Were there any financial crashes prior to the existence of the Federal Reserve Bank?

  11. What was tulip mania?

  12. What is the intrinsic (natural? Real?) value of gold? Silver?

  13. What are Rai Stones? Tally Stick? (see this interesting blog post for a good answer, which also apples to 12)

  14. If we were still on the gold standard, we would have dollars that were worth $1600 in buying power: discuss.
  15. What is the Big Mac Index (Wikipedia and the people who produce the index have a couple of good pieces on it--wikipedia being the more accessible of the two?)

  16. What are some theories of financial crises?

  17. What are the types of financial crisis?

  18. This comment which is a paraphrase from the TV show Jute City:
    Money is great when it's used as an accounting tool, but it becomes evil when it becomes a commodity.
    Discuss
Have fun!

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