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federation |
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federation: see federal government federal government or federation, government of a union of states in which sovereignty is divided between a central authority and component state authorities. ..... Click the link for more information. . federation 1. the union of several provinces, states, etc., to form a federal union 2. a political unit formed in such a way 3. any league, alliance, or confederacy www.nga.gov.au/federation How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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It should make clear, as well, that there is more than one legitimate interpretation of the Framers' understanding of the division of powers between the states and national government. Division of powers, as with executive, legislature, and judiciary, was a good first step. That close relation, however, raised the issue of the System's independence from the Treasury, which soon became manifest in three conflicts involving the Board: (1) about the respective responsibilities of the Treasury officials who sat on the Board and of the members appointed by the President; (2) about the Board's financial accountability; and (3) about the division of powers between the Treasury and the Board. |
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