Rinehart- Ch 7, Sec 2 Hamilton & National Finances
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Created by:
bettyrinehart on December 18, 2011
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7 terms
English | Arabic |
|---|---|
 Alexander Hamilton | The secretary of treasury to Pres. Washington;his challenge to pay national debt. |
| national debt | Money owed by the United States from Revolutionary War. |
| bonds | Certificates of debt that carry a promise to buy back the bonds at a higher price. |
| speculators | People who buy items at low prices hoping that the value will rise & sell items for profit. |
| Thomas Jefferson | Secretary of state to Pres. Washington; believed in farmers & the rights of citizens. |
| loose construction | Federal govt' can take reasonable actions the Constitution doesn't specifically forbid. |
| strict construction | Federal govt' should do only what Constitution specifically says to do. |
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