Unit 2: Important Concepts

Question 1

National Bank

Answer 1

Hammilton started it, used to solidify and create a standard currency for use in making economics less sketchy. Opposed by Democratic/Republicans and was pushed by Federalists, eventually chartered for 20 years.

Question 2

Strict/Loose Construction

Answer 2

The difference of Democratic/Republicans and Federalists with either strict or loose enforcement of the constitution

Question 3

Tariff

Answer 3

Tax imposed on imports to mitigate what the people see as a tax, is more of a blanket tax that makes it so people don’t see it, not very sufficient to handle the debt by itself though.

Question 4

Checks and Balances

Answer 4

Each part of the government as defined in the constitution having a check on the other to control their power and prevent abuse of power.

Question 5

Natural Rights

Answer 5

Rights that everyone has inherently, human rights, what the Bill of Rights in all states and the government, what the Anti-Federalists wanted in the constitution.

Question 6

Cabinet

Answer 6

President man’s man servents who do things like treasurer, state, and war. Hamilton treasurer, stat Thomas Jefferson, and Henry Knox and war.

Question 7

Funding at Par

Answer 7

Plan to exchange old bonds for new bonds at face value, would take a dent of all the state debt and reassure the state bonds.

Question 8

Implied Powers

Answer 8

Pretty much the elastic clause, the battle over what the enumerated powers said in the constitution really meant.

Question 9

Assumption

Answer 9

Assuming debt, getting the debt of all the states to consolidate to the federal government, to centralize the efforts and unify the states.

Question 10

Republicanism

Answer 10

CONNOR IS A DINGUS

Question 11

Excise Tax

Answer 11

A small tax imposed on specific products and other things, sin tax, imposed on Whiskey and things at the time.

Question 12

Boycott

Answer 12

Refusing to give business to a specific place for some sort of prejudice or something against them.

Question 13

Consent of the Governed

Answer 13

CONNOR IS A DINGUS

Question 14

“Elastic Clause”

Answer 14

Constitution could allow things if deemed necessary for the further good of the people and stuff.

Question 15

Nullification

Answer 15

States nullifying laws by the fact that if they deem it unconstitutional and something outside of the governments jurisdiction.

Question 16

States’ Rights

Answer 16

A states own powers to enforce on things that aren’t specifically declared already in the federal law. They are overwritten again by federal law.