American Revolution Flashcards
Monopoly
The complete control in the product or sphere of economic activity by a single producer of business
Mercantilism
Economic theory that closely linked a nation’s political and military power to its bullion reserves
Veto
The constitutional right of a ruler or executive to block legislation passed by another unit of government
Duty
A customs tax on the export or import of goods
Mulatto
A person of mixed African and European ancestry
Inflation
An increase in supply of currency relative to the goods available
Boycotts
And organize refusal to deal with some person or organization or to buy a certain product or service
Propaganda
A systematic program or particular materials designed to promote certain ideas
Patronage
A system in which benefits including jobs money or protection are granted in exchange for political support