Page 2 Vocab

Question 1

Economy

Answer 1

a system dealing with how people and countries use their resources to produce, distribute, and consume goods and services

Question 2

Embargo Act of 1807

Answer 2

a law that stopped trade with foreign countries in an effort to convince Britain and France of the importance of neutral trade. the act ended up hurting US commerce

Question 3

Excise Tax

Answer 3

a sales tax on manufactured goods produced within a nation

Question 4

Farewell Address

Answer 4

referred to as Washington’s farewell address. its points included: assuming leadership in the Western Hemisphere, developing its own trade, and not entering into permanent alliances with foreign nations, especially with Europe

Question 5

Federalists

Answer 5

the political party which emerged during the 1790’s, led by Alexander Hamilton and John Adams. They favored a strong central government, loose interpretation of the Constitution, encouraged commerce and manufacturing and close ties with Britain

Question 6

Foreign Policy

Answer 6

the diplomatic policies and position taken by a nation toward other nations regarding political or economic relations, insuring the protection of their self-interest

Question 7

Free Trade

Answer 7

the exchange of products without tariffs or quotas

Question 8

Alexander Hamilton

Answer 8

Secretary of the Treasury under President George Washington and leading Federalist. Wrote Report on Manufacturers, supporting Industry in America.

Question 9

Imports

Answer 9

products entering a country from a foreign source

Question 10

Interstate Commerce

Answer 10

trade between two or more states

Question 11

George Washington

Answer 11

commander of chief of the continental army during the revolutionary war and Americas first president. He was elected for 2 terms before retiring to his home in Mt. Vernon in Virginia

Question 12

John Marshall

Answer 12

as supreme court chief justice, he supported a loos interpretation of the constitution to help increase the power of the federal government

Question 13

James Madison

Answer 13

called the father of the constitution because he kept copious notes of the process: 4th president of the US: strong federalist

Question 14

Loose Interpretation

Answer 14

interpreting the constitution in favor of strengthening the power of the federal government by often stretching the meaning of its delegated powers

Question 15

Judiciary

Answer 15

having to do with the court system

Question 16

Judicial Review

Answer 16

the power of the supreme court to decide the constitutionality of the laws prepared by the legislative and executive branch

Question 17

Thomas Jefferson

Answer 17

3rd Pres of the US who believed that an agrarian society of educated common people could lead the nation

Question 18

John Jay

Answer 18

a federalist who served as Chief Justice of the supreme court and secretary of state; negotiated the Jay Treaty; settling a post revolutionary war disputes with great britain

Question 19

Jays Treaty

Answer 19

negotiated by John Jay, it was supposed to stop Britain from impressing US sailors and selling guns to native americans