Chapter 9 vocab. (all sections) Flashcards
Protective tariff
A tariff to protect an industry from foreign competition
Whiskey Rebellion
Critical test of the strength of the new government, farmers rebelled in 1794 because tax collectors came to West Pennsylvania, Washington sent 15,000 troops against them and they scattered
Tariff
Tax
Bank of the United States
Bill passed in 1791, national government deposited tax money there and sthe bank printed paper money, encouraged the growth of the economy
District of Colombia
The national capital (Washington D.C), land along the Potomac River between Virginia and Maryland
Speculator
Someone willing to invest in a risky venture in the hope of making a large profit
Bond
A certificate which promises to repay the money loaned plus interest in time for a certain date
National debt
The total sum of money that the government owes to others
Judiciary Act
Passed by Congress in 1789, set up the federal court system (Supreme Court)
Cabinet
Advises the president
Precedent
Act or decision that sets an example for others to follow
Inauguration
Ceremony where the President takes the oath of office
Farewell Adress
Published by Washington in 1796 saying he would retire and urged the US to remain neutral in its relations with other countries
Jay’s Treaty
Britain had to pay damages for American ships seized in 1793, Americans had to pay debts to British merchants, proposed by John Jay, because of it Britain agreed to give up the forts held in the Ohio Valley but didn’t do anything to protect the rights of neutral American ships
Neutrality Proclamation
Issued by Washington in April 1793, stated that the U.S. would remain neutral in the war