Sec. Two Flashcards

1
Q

Tariffs

A

Taxes on imports or exports.

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2
Q

Interstate commerce

A

Trade between two or more states.

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3
Q

Inflation

A

Increased prices for goods and services combined with the reduced value of money.

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4
Q

Depression

A

A steep drop in economic activity combined with rising unemployment.

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5
Q

Daniel Shays

A

Revolutionary war officer who led Shay’s Rebellion, an uprising of farmers in Western Massachusetts that shut down the courts so that farmers would not lose their farms or tax debts. He was defeated and condemned to death, but pardoned.

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6
Q

Shays’s Rebellion

A

An uprising of Massachusetts’s farmers, led by Daniel Shays, to protest high taxes, heavy debt,and farm foreclosures.

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