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Social Studies:New Nation Vocab

Terms

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Speculator
someone who invests in a risky venture with the hopes of making a profit
Factions
opposing groups within a political party
Neutrality Proclamation
1793 statement by Washington that kept the US neutral
Judiciary Act
1789 law that created the structure of the Supreme Court
Jay's Treaty
1795 agreement with Britain that called for Britain to pay damages for seized ships
Farewell Address
1796 speech by Washington urging US to maintain neutrality and avoid permanent alliances with European nations
Tariff
tax on imported goods
Precedent
Act or decision that sets an example
Cabinet
group of officials who advise President
Whiskey Rebellion
1794 protest over tax on whiskey. Tested strength of new gov't under Washington's leadership
Democratic Republicans
Jefferson's political party - limited government, focus on agriculture, alliance with France
Excise Tax
tax on domestically produced goods such as Whiskey
Bond
certificate that promises to repay money loaned plus interest
Federalists
Hamilton's political party - strong federal government, focus on manufacturing, alliance with Britain

Deck Info

14

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