Chapter 11 Flashcards
expressed powers
in its specific wording
implied powers
a reasonable deduction from expressed powers
inherent powers
creating a national government for the United States
commerce powers
the power of Congress to regulate interstate/foreign trade
tax
charge levied by government on people/property to raise money to meet public needs
wealth
the ability to pay taxes
public debt
money borrowed by Federal Government not repaid and accumulating interest on that money
what is the public debt of the US
approximately $16 trillion
deficit financing
spending more than the Federal Government receives each year and borrows to make up the difference
bankruptcy
the legal proceeding in which the bankrupt’s assets are distributed to those who owe debt
legal tender
any kind of money a creditor must (by law) accept in payment for debts
copyright
the exclusive right of an author to publish, reproduce, and sell his/her creative work
patent
grants a person the right to manufacture, use, or sell “any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof”
territories
parts of the United States that are not admitted as states and have their own system of government
eminent domain
the inherent power to take private property for public use
naturalization
gives Congress the exclusive power to establish the uniform Rule of Naturalization
Necessary and Proper Clause
gives Congress the power to make laws
strict constructionists
believed Congress should only be allowed to exercise the expressed powers and necessary implied powers