| A | B |
|---|
| Alexander Hamilton | first secretary of the U.S. Treasury who wanted to pay teh nation's foreign debt and gradually pay the full value of all bonds |
| National debt | Money owed by the United States |
| Bonds | Certificates that represent money |
| Speculators | People who buy items at low prices in the hope that the value will rise |
| Thomas Jefferson | First secretary of state who thought that repaying the full value of all bonds would cheat bondholders who had sold their bonds at low prices |
| loose construction | the view that the federal government can take reasonable actions that the Constitution does not specifically forbid |
| Strict Construction | the view that the federal government should do only what the Constitution specifically says it can do |
| Bank of the United States | the national bank |
