Gibbons V.Ogden (1824)was Important Because It

question 61

Multiple Choice

Gibbons v.Ogden (1824) was important because it

• A)developed the concept of judicial review.
• B)developed the concept of dual citizenship.
• C)established the supremacy of the national government in all matters affecting interstate commerce.
• D)determined that the forced relocation of the Five Civilized Tribes to Oklahoma was unconstitutional.

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Definitions:

Net Inflow

The difference between the amount of money or resources entering and leaving a system or economy over a specific period.

Bretton Woods System

A monetary management system that established the rules for commercial and financial relations among the world's major industrial states in the mid-20th century.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold.

Managed Float

A currency exchange rate policy where a currency's value is allowed to fluctuate in response to foreign exchange market mechanisms, but the central bank may intervene to stabilize the currency if necessary.