Revolutionary War Cards Flashcards
Monopoly
The complete control of a product or sphere of economic activity by a single producer or business.
Veto
The constitutional right of a ruler or executive to block legislation passed by another unit of government.
Duty (duties)
A customs tax on the export or import of goods.
Boycott(s)
An organize refusal to deal with some person or organization to buy a certain product or service.
Mulatto
A person mixed African European ancestry
Propaganda (Propagandist)
A systematic program or particular materials designed to promote certain ideas; sometimes, but not always, the use of manipulative or deceptive means. (A propagandist is one who engages in such practices)
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.
Mercantilism
Economic theory that closely linked a nations political and military power to its billions reserves. Mercantilist generally favored protectionism and colonial acquisition as means to increase exports.
Patronage
A system in which benefits, including jobs, money, or protection, are granted in exchange for political support.