American Revolution Flashcards
Patronage
A system in which benefits, including jobs, money, or protection, are granted in exchange for political support
Mercantilism
Economic Theory that closely linked a nations political and military power to its bullion reserves. They generally favored protectionism
Monopoly
The complete control of a product or sphere of economic activity by a single producer or business
Duty
A customs tax on the export or import of goods
Boycotts
An organized refusal to deal with some person or organization or to buy a certain product or service
Mulatto
A person of mixed African and European ancestry
Propaganda
A systematic program designed to promote certain ideas
Inflation
An increase in the supply of currency relative to the goods available, more money on stuff
Veto
The constitutional right of a ruler or executive to block legislation passed by another unit of government
