Keywords R-S Flashcards
Rediscount rates
The interest rates at which banks borrow money from the Federal Reserve Banks.
Reparations
War damages to be paid by a defeated country.
Secede
To withdraw from an organisation.
Secretary of State
US official responsible for the administration of foreign policy.
Sectional
Political, economic and social differences between the North and South.
Separatism
Keeping races apart. Two separate countries for black and white Americans.
Sharecroppers
These were tenant farmers. A landlord allows a tenant to use an area of land in return for a portion of the crop produced on the land.
Sino-US
Relations between America and China
Speculators
Risk-taking investors with expertise in the market(s) in which they are trading.
Spoils system
The practice whereby a political party, after winning an election, gives government jobs to its voters as a reward for working toward victory , and as an incentive to keep working for the party - as opposed to a system of awarding offices on the basis of some measure of merit independent of political activity.
Stocks and shares
Certificates of ownership in a company.