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Key Political and Economic Vocabulary for Understanding U.S. History

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This vocabulary set includes essential terms that are crucial for understanding U.S. history and government processes. Key concepts like "embargo," which prohibits trade with another country, and "nullification," the act of canceling laws, illustrate how political actions shape a nation. Other important terms include "nationalism," which emphasizes loyalty to one's nation, and "sectionalism," which highlights regional loyalties. These terms also encompass economic principles such as "tariff," a tax on imports and exports, and "speculator," who risks money for potential profit. Learning these terms is vital for grasping the complexities of American historical developments.

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Key Political and Economic Vocabulary for Understanding U.S. History

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  1. Unit 7 Vocabulary Ms. Werdebaugh

  2. Bond • A note issued by the government, which promises to pay off a loan with interest.

  3. Cabinet • A group of advisers to the president

  4. Compromise • Agreement between two or more sides in which each side gives up some of what it wants

  5. Embargo • An order prohibiting trade with another country

  6. Impressment • Forcing people into service, as in the navy

  7. Laissez Faire • Policy that government should interfere as little if a law violates the Constitution

  8. Nationalism • Loyalty to a nation and promotion of its interests above all others

  9. Neutrality • A position of not taking sides in a conflict

  10. Nullification • To cancel or make ineffective

  11. Partisan • Favoring one side of an issue

  12. Precedent • A tradition

  13. Privateer • Armed private ship

  14. Rural • livinginthecountry

  15. Secede • To leave or withdrawal

  16. Sectionalism • Loyalty to a region or section

  17. Speculator • Person who risks money in order to make a larger profit

  18. Subsides • tobecomequiet, less active,orlessviolent

  19. Tariff • A tax on imports or exports

  20. Tribute • Money paid for protection

  21. Urban • of,pertainingto,ordesignating a cityortown.

  22. War hawk • Republicans during Madison’s presidency who pressed for war with Britain.

  23. Whig • aformerpolitical party in theUnitedStates; formed in 1834 in oppositionto the Democratic Party; advocated a loose interpretation of theConstitutionandhighprotectivetariffs

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