Examlex
Explain 1)the concept of house money,2)why the house money concept is such a common behavior for so many individuals and 3)why house money is an irrational behavior.
Three-Fifths Clause
The provision in the U.S. Constitution that stipulated that for purposes of apportionment of congressional seats and taxes, three out of every five slaves would be counted as persons.
Sectional Divide
The growing political, economic, and social differences and tensions between the northern and southern states of the United States, especially over issues like slavery, leading up to the Civil War.
Monroe Doctrine
A U.S. foreign policy principle declared in 1823, stating opposition to European colonialism in the Americas and restricting future colonization in the Western Hemisphere.
European Colonization
The process by which European powers occupied and ruled over regions across the world, often involving the exploitation and subjugation of indigenous populations, from the late 15th century onwards.
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