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Module 7
Launching a Nation
| Term | Definition |
|---|---|
| Electoral College | a group of people selected from each of the states to cast votes in presidential elections |
| Martha Washington | Wife of George Washington, she was the 1st First Lady |
| precedent | an action or decision that later serves as an example |
| Judiciary Act of 1789 | legislation passed by Congress that created the federal court system |
| Alexander Hamilton | American statesman and member of the Continental Congress and the Constitutional Convention, an author of the Federalist Papers, first secretary of treasury under George Washington, and developed the Bank of the U.S. |
| National Debt | total amount of money owed by a country to its lenders |
| bonds | certificates that represent money the government has borrowed from private citizens |
| speculators | investors who buy items at low prices in hope that their values will rise. |
| Loose construction | a way of interpreting the Constitution that allows the federal government to take actions that the Constitution does not specifically forbid it from taking |
| strict construction | a way of interpreting the Constitution that allows the federal government to take only those actions the Constitution specifically says it can take |
| Bank of the United States | A national bank chartered by Congress in 1791 to provide security for the U.S. economy |
| French Revolution | French rebellion that began in 1789 in which the French people overthrew the monarchy and made their country a republic |