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US History

Ch 5 vocabulary

QuestionAnswer
tariffs taxes on imports or exports
interstate commerce trade between two or more states
inflation occurs when there are increased prices for goods and services combined with the reduced value of money
depression a period of low economic activity with a rise in unemployment
Shay's Rebellion the uprising of farmers in Massachusetts 1786 to protest high taxes and heavy debt
What problems did the United States experience with Spain and Great Britain? Trading issues; Great Britain cut off trade; Spain cut off trade in the Mississippi River
What are some possible results of the growing problems between United States and Britain? Why? hurt American business; Farmers could not export goods to West Indies; had to hire British ships to export to Britain; British trade in America grew while American trade was restricted
What difficulties were involved with interstate commerce? Trade laws differed from state to state; federal gov't had no power to regulate; made it difficult to trade across state lines
What was the cause of inflation in the nation and how could it have been prevented? The new nation was limited on their trade. If the army was kept up Spain would not have cut off trade.
How did Massachusett's tax policy affect farmers? Massachusett's tax policy taxed crops
Why did Madison and Hamilton call for a Constitutional convention. Madison and Hamilton called for a Constitutional convention because the articles of confederation was a failure and because of Shay's rebellion.
Domestic problems of the United States in the beginning. depression; inflation; interstate commerce;
International problems of the United States in the beginning. Britain closed ports to American ships and forced America to pay high tariffs; Spain closed the lower Mississippi to U.S. shipping
Created by: bushcrew
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