Whatever Happened to Justice Ch 38

The belief that land taken by force should be returned to its original owners, regardless of how long it has been held.

A legal system where decisions are based on precedent and tradition, rather than on the whims of politicians.

A legal system where laws are made by the government, often through elected officials.

A situation where a country's currency loses its value over time, leading to higher prices.

A fixed amount of gold or silver that backs up the value of a currency.

A system where a government can create currency without any backing, allowing for easy increases in the money supply, which often leads to inflation.

A type of economic planning where predictions about the future are unreliable due to unpredictable factors like political changes.

The ability of a government to change the definition of its currency, often leading to inflation.

The act of the government creating large amounts of new money without a corresponding increase in valuable assets like gold or silver.

Laws that require individuals and businesses to accept paper money as a valid form of payment, even though it is not backed by a tangible asset.

A significant economic downturn characterized by high unemployment, falling production, and a decrease in overall economic activity.

A severe and prolonged recession with extremely high unemployment rates and widespread economic hardship.

The process of using excess money in the economy to invest in risky or unsustainable ventures, often leading to poor decisions and business failures.

A state of persistent poverty where individuals or communities lack the necessary resources to meet their basic needs.