Unit 4 Flashcards
Speculator
People who risk money to make a profit.
Bond
Paper notes promising to repay money in a certain length of time.
National debt
The amount of money the nation’s government owes.
Precedent
Start of a tradition.
Cabinet
The attorney general and the Secretaries of State,the treasury, and of war.
Inaugural address
A speech by the president of his plans for the next year.
Caucus
A meeting held by members of the same party.
Partisan
A person who favors one side of an issue.
Alien
An immigrant living in the country who is not a citizen.
Sedition
Activities aimed at weakening and established government
Nullify
To cancel or make ineffective.
State’s rights
Rights and powers independent of the federal government.
Laissez-faire
french philosophy which means “let (people) do (as they choose)”
Customs duties
Taxes on foreign imported goods.
Secede
Withdraw
