C-10 vocabulary – Flashcards
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laissez-faire
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Policy that government should interfere as little as possible in the nation's economy. Hands off. No government intervention in business.
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customs duties
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tax collected on goods that are imported
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judicial review
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The economic concept of the Scottish philosophe Adam Smith (1723-1790). In opposition to mercantilism, the government's role in the economy was one of non-interference
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Conestoga wagon
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Idea that government should play as small a role as possible in economic affairs.
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Secede
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Hands off. No government intervention in business.
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Tribute
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Hands off. No government intervention in business.
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neutral rights
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Idea that government should play as small a role as possible in economic affairs.
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impressment
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Hands off. No government intervention in business.
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embargo
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Hands off. No government intervention in business.
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War Hawks
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Policy that government should interfere as little as possible in the nation's economy.
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Nationalism
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Idea that government should play as small a role as possible in economic affairs.
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Frigate
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Idea that government should play as small a role as possible in economic affairs.
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Privateer
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Idea that government should play as small a role as possible in economic affairs.
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Dolley Madison
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Idea that government should play as small a role as possible in economic affairs.
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Andrew Jackson
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Hands off. No government intervention in business.
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Techumseh
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Idea that government should play as small a role as possible in economic affairs.
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Henry Clay
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Hands off. No government intervention in business.
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Battle of New Orleans
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Hands off. No government intervention in business.