Launching A New Nation Flashcards
a certificate sold by the government for an amount of money that the government promises
to pay back with interest. Basically an IOU.
Bond
country other than one’s own, outside
Foreign
inside of your own country.
Domestic
a tax on foreign goods, goods imported from another country.
Tariff
seizing or capturing of U.S. sailors and forcing them to serve in the British navy.
Impressment
Tax on goods or a product made and sold inside of the U.S. The U.S. government taxed
whiskey that was made and sold within the U.S.
Excise tax
to refrain from taking sides in an argument.
Neutral
a group of people that share similar political ideas and work together to gain/exercise
political power. Democrats and Republicans.
Political Party
an organized political group. Early form of political parties.
Faction
an event that happened in the past.
Affair
an outsider or someone from another country
Alien
actively trying to overthrow a government
Sedition
the action of solving a problem; coming to an agreement
Resolution
cancel a law, do not follow a law
Nullify
How did the U.S. get into debt prior to George Washington becoming President?
The U.S. was deeply in debt from the Revolutionary War. The government was not making enough money
through taxes to pay off the debt nor were they making enough money to run the government (pay branch
members, military expenses, etc…)