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federation |
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federationPolitical entity made up from a number of smaller units or states where the central government has powers over national issues such as foreign policy and defence, while the individual states retain a high degree of regional and local autonomy. A federation should be distinguished from a confederation, a looser union of states for mutual assistance. Contemporary examples of federated states established since 1750 include the USA, Canada, Australia, India, the Federal Republic of Germany, Malaysia, and Micronesia. 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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Division of powers