| A | B |
|---|
| precedent | An example to be followed by others in the future |
| bond | Certificate issued by the government for a certain amount of money that will be paid back with interest |
| speculator | A person who invests in a risky venture in the hope of making a large profit |
| tariff | A tax placed on goods entering a country from another country |
| faction | An organized political group |
| impressment | The practice of seizing sailors on American ships and forcing them to serve in the British navy |
| states’ rights | The right of the states to limit the federal government |
| nullify | To cancel a federal law; to deprive it of legal force |
| laissez faire | The idea that the government should not interfere with the economy |
| judicial review | The principle that the Supreme Court has the right to decide whether acts of Congress are constitutional or not |
| tribute | Money paid by one country to another country in return for protection |
| embargo | Government order that forbids foreign trade |
| nationalism | Devotion to the interests of one’s own country; pride in one’s own nation or ethnic group |
| warhawks | One of the members of Congress who called for war with Great Britain prior to the War of 1812. |
| blockade | Shutting a port or roadway to prevent people or supplies from coming into or leaving an area |
| charter | Official document that gives certain rights to an individual or group |
| dumping | Selling goods in another country at very low prices |
| cede/cession | To give up |
| infrastructure | Basic public works needed for a society to function, including the systems of roads, bridges, and tunnels |
| capitalism | Economic system in which people put money, or capital, into a business or project in order to make a profit later on; economic system in which privately owned businesses compete in a free market |
| nullification | The idea that a state has the right to nullify, or cancel, a federal law that the state leaders consider to be unconstitutional |
