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Early Economies Vocab
Mrs. Perruso
13
History
8th Grade
12/15/2011

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Cards

Term
Agriculture(noun)
Definition
Farming
Term
Industry (noun)
Definition
Manufacturing
Term
Tariff (noun)
Definition
Tax on imported goods
Term
Speculator (noun)
Definition
Risky investment in hopes of profit
Term
Indentured servant
Definition
A person bound to work for 7 years in exchange for travel to America
Term
Merchant (n)
Definition
A seller
Term
Inflation (n)
Definition
Increase in price; decrease in value of money
Term
Cotton gin (n)
Definition
Machine that separates the seeds and branches from cotton
Term
Bond (n)
Definition
a certificate issued by a government for a certain amount of money that the government promises to pay back
Term
Boycott (n)
Definition
To refuse to buy from a business
Term
Faction (n)
Definition
A part of a political group
Term
Republican (democratic republicans)
Definition
a political party started by Thomas Jefferson that believed in a small, limited federal government and an agricultural economy.
Term
Federalist
Definition
: A political party headed by Alexander Hamilton that supported an industrial economy + strong federal government.
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