A Golden Handshake Refers to the Severance Pay That Is

question 419

True/False

A golden handshake refers to the severance pay that is offered to a worker that is laid off when the firm downsizes.

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Definitions:

American System

An economic plan that played a significant role in American policy during the early 19th century, advocating for a strong federal government to create a protective tariff, a national bank, and internal improvements.

Corrupt Bargain

A term often used to describe the alleged deal between John Quincy Adams and Henry Clay that purportedly led to Adams winning the presidency in 1824 in return for appointing Clay as Secretary of State.

Henry Clay

An American statesman and lawyer who served as a key figure in the U.S. Congress where he was known as the "Great Compromiser" for his role in major legislative compromises during the early to mid-19th century.

Cabinet Post

A position of leadership within the executive branch of a government, typically overseeing a specific department or agency and serving as an advisor to the head of state.