Class 3 – Web of Debt Questions, Ch 6 and 7

Chapter 6: Pulling the Strings of the King:
the Moneylenders Take England
  1. How did Queen Elizabeth avoid the usery trap when the supply of money contracted after she tightened the usery laws? What legal precedent did her actions set?
  2. Which English king was assassinated in the action “carried out to secure the loans”? What did this assure the lenders?
  3. What was the turn of fate for England after Cromwell’s death?
  4. What major economic conditions can the transference of the money supply into private hands lead to? By what means do the moneylenders create such conditions?
  5. What money lending device that was used in the loan taken by William to finance the war with Louis XIV is still used today?
  6. What political force does this device encourage and foster?
Chapter 7: While Congress Dozes in the Poppy Fields:
Jefferson and Jackson Sound the Alarm
  1. What had Thomas Jefferson feared and then discovered to be true in 1811 when he guided the US Bank’s charter to non-renewal?
  2. What prescient statement was made by Congressman Desha of Kansas that is more true today than ever?
  3. How many sons did Mayer Amschel Bauer send forth, to where, under what surnames, and for what purpose?
  4. According to Brown, what key factors set the war with England of 1812 into motion?
  5. What did the charter of the 2nd US bank (also private) allow for?
  6. What US document omits mention of paper money?
  7. What did Thomas Jefferson believe was more dangerous than standing armies and military power of enemies?
  8. Which president who opposed private banking was the victim of a failed assassination attempt and which (also opponent of private banking) was the victim of a completed assassination?
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