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US Gov and Politics

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Office of the Comptroller of the Currency

founded in 1863, it is one of the agencies of the Department of the Treasury. The office is headed by the Comptroller of the Currency, and the agency is responsible for administering federal banking laws and supervising the activities of the 4,700 national banks. In addition, the Comptroller directs a staff of 2,100 bank examiners, who investigate to make sure that all the national banks are financially secure and operating well.

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Nobility

group of people in a society who have been given legally-recognized titles, by inheriting them or receiving them from a monarch or other authority. Great Britain is one example of a country which has a nobility, or noble class.

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New Jersey Plan

proposal presented by New Jersey delegates at the 1787 Constitutional Convention which recommended that Congress be unicameral, and that all states be equally represented in Congress. Small states developed the proposal to counter the Virginia Plan. The New Jersey Plan gave large and small states equal power in Congress, and made Congress power to force states to cooperate with the national government.

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Nepotism

unfair practice in which people in power give positions in a government or organization to their relatives or friends, rather than to any individual who is well-qualified. This can lead to inefficiency in the functioning of the government or organization, since hiring is based on personal connections, rather than ability or merit. In addition, nepotism can cause conflicting loyalties for the person who receives the job: he or she may be more loyal to the person who hired him or her than to the government or organization.

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