New Nation Vocabulary
INFERENCE
Precedent
Strict Interpretation
Implied Powers
Agriculture
Industry
Industry- The commercial production and sale of goods.
Economy
Capital
Credit
Collateral
Collateral - Security (ex: house, car) pledged for the payment of a loan.
Bond
Interest
Default
Investors
Speculators
Free Enterprise System
Infrastructure
Revenue
Expenditure
Tariff
Charter
Excise Tax
Domestic Policy
A government action dealing with issues within the country.
Foreign Policy
A government action dealing with issues with other countries.
Neutrality
Not taking sides in a conflict.
Impressment
Forcing American merchant sailors into the service of a foreign navy, most often occurred with the British Royal Navy.
Diplomacy
Talking with other countries to work out issues.
Tribute
A bribe paid by one country to another for peace, access or protection.
Alien
People who have come from other countries, but are not yet citizens.
Sedition
The crime of encouraging a rebellion against a government.
Naturalize
To make someone a citizen.
Resolution
A formal statement of opinion from an assembly.
State’s Rights
The rights and powers held by individual U.S. states rather than by the federal government.
Nullify
To make legally invalid or valueless, without legal force.
Lame Duck
An elected official still in office whose successor has already been chosen.
Commission
An official order granted by the government.
Jurisdiction
The area over which a court or law enforcement official has control.
Landmark Case
Court decisions that establish new precedents or change the interpretation of existing laws.
Unconstitutional
Violates the rules set forth by the Constitution.
Judicial Review
The power of the judicial branch to review a law and declare it unconstitutional.
Embargo
An official ban on trade or other commercial activity with a particular country.
Necessary and Proper Clause (Elastic Clause)
It gives Congress the right to do what’s needed to carry out its other powers.
Supremacy Clause
A clause in Article VI of the U.S. Constitution that declares the constitution, laws, and treaties of the federal government to be the supreme law of the land to which judges in every state are bound regardless of state law to the contrary.
Interstate
Between States.
Commerce
The activity of buying or selling, esp. on a large scale.
Monopoly
The exclusive right to carry on a business, traffic or service granted by the government.
Sectionalism
Caring more about your state/region than the nation as a whole.
(antonym: nationalism)
Doctrine
A statement of official government policy especially in foreign affairs and military strategy.
Self-Made Man
Someone who didn’t have anything and got himself to the top with determination and hard work.
Jacksonian Democracy
The idea of spreading democracy to all the people, not just the elite, thus ensuring majority rule.
Secede
To leave a group or organization; in this case leaving the United States.