The Road To Revolution Flashcards
Mercantilism
Economic theory that closely linked a nation’s political and military power to its bullion reserves. Mercantilists generally favored protectionism and colonial acquisition as means to increase exports.
Veto
The constitutional right of a ruler or executive to block legislation passed by another unit of government.
Patronage
A system in which benefits, including jobs, money, or protection, are granted in exchange for political support.
Boycotts
An organized refusal to deal with some person or organization or to buy a certain product or service.
Monopoly
The complete control of a product or sphere of economic activity by a single producer or business.
Propaganda
A systematic program or particular materials designed to promote certain ideas; sometimes, but not always, the term is used negatively, implying the use of manipulative or deceptive means.
Duty (duties)
A customs tax on the export or import of goods.
Mulatto
A person of mixed African and European ancestry.
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.