Chapter 7: Road To Revolution Flashcards
Monopoly
The complete control of a product or sphere of economic activity by a single producer or business.
Duty (duties)
A custom tax on the export or import the goods.
Admiralty courts
In British law, special administrative courts designed to try maritime cases without a jury.
Mercantilism
The economical theory that closely linked as a nation’s political and military power to its bouillon reserves. Mercantilist generally favored protectionism and colonial acquisition as a means to increase exports.
Veto
The constitutional right of a ruler or executive to block legislation passed by another unit of government.
Virtual representation
The political theory that a class of persons is represented in a law making body without direct vote.
Propaganda
A systematic program or particular materials designed to promote certain ideas; sometimes, but not always, the term is used negatively, implying the use of manipulative or deceptive means.
Patronage
A system in which benefits, including jobs, money, or protection are granted in exchange for political support.
Depreciate(d)
To decrease in value as in the decline of the purchasing power of money.
Nonimportation agreements
Pledges to boycott or decline to purchase certain goods from abroad.
Boycott(s)
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.
Inflation
An increase in the supply of currency relative to the goods available, leading to a decline in the purchasing power of money and a corresponding rise in prices.
