Ch 10 Sect 2
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Created by:
anna_quizzes on December 4, 2008
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9 terms
Terms | Definitions |
|---|---|
| Alexander Hamilton | first secretary of the treasury |
| national debt | total amount of money owed by a country to its lenders |
| bonds | certificates that represent money the government has borrowed from private citizens |
| speculators | investors who buy bonds at low prices in hopes that their value will rise |
| Thomas Jefferson | the first secretary of state |
| protective tariff | a tax on imported goods |
| strict construction | way of interpreting the Constitution that allows the federal government to take only those actions the Constitution allows it to take |
| loose construction | way of interpreting the Constitution that allows the federal government to take actions that the Constitution does not specifically forbid it from taking |
| Bank of the United States | national bank chartered by Congress in 1791 to provide security |
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