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LIGHTHOUSE CPA SOCIAL SCIENCES DEPARTMENT
ECONOMICS
VIDEO STUDY GUIDE : THE ASCENT OF MONEY PART 1
KEY ECONOMIC CONCEPTS ILLUSTRATED IN THIS DOCUMENTARY
1.
THE USES AND CHARACTERISTICS OF MONEY
2.
INTEREST RATES AS THEY RELATE TO RISK
3.
HISTORICAL IMPACT OF JEWS ON BANKING
WHAT WAS THE DOLLAR VALUE OF THE PRECIOUS METALS THAT THE SPANIANDS
EXTRACTED FROM THE INCAS?
WHAT DID THE SPANISH IDENTIFY AS THE 3 USES OF PRECIOUS METALS (MONEY)
1.
2.
3.
THE SPANISH RAN INTO INFLATION AS A RESULT OF THEIR SUDDEN WINDFALL
OF SILVER, WHAT IS INFLATION?
CHRISTIANS AND MUSLIMS WERE UNABLE TO CHARGE USURY WHEN LENDING
MONEY…WHAT IS USURY?
HOW DID THE JEWS DIFFER FROM THE CHRISTIANS AND MUSLIMS IN REGARDS
TO USURY FEES?
THE __________________ FAMILY BROUGHT THE BANKING INDUSTRY INTO THE
MAINSTREAM
TO AVOID “SINNING” WHEN IT CAME TO THE LENDING OF MONEY THE MEDICI’S
RECEIVED A ________________ FOR TRADING CURRENCY RATHER THAN
________________ ON A LOAN
IN ORDER TO REDUCE RISK THE MEDICI LEARNED THAT _____________ BANKS
WERE LESS LIKELY TO FAIL
COMPARATIVELY SPEAKING FAILING TO PAY DEBT OBLIGATIONS IN MEMPHIS
HAVE LESS _______________ STIGMA AND IT IS CONSIDERABLY ________________ TO
RID YOURSELF OF DEBT PAYMENTS. WHAT IS THE PHILOSOPHY BEHIND THE
EASE OF BANKRUPTCY IN THE UNITED STATES?
BETWEEN ______ AND _______ MILLION BANKRUPTCIES OCCUR IN THE UNITED
STATES ANNUALLY
THE 3-6-3 RULE IN BANKING WAS 3% ON WHAT?
6% ON WHAT?
BE WHERE BY 3 O’CLOCK
HAS THIS CHANGED?