When a historian refers to the historical context of an event they mean that they want you to look at the attitude, conditions and mood of the time of a specific historical event.
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Whether one event was responsible for another
The "one dollar act" of July 11, 1562, does not refer to a specific historical event or legislation commonly known by that name. However, if you are referring to an event or act from that date, it may pertain to the broader context of economic or political changes during that time period. In any case, the nominal value of one dollar from 1562 cannot be directly converted to modern currency without considering inflation and historical economic conditions. If you have a more specific context or detail in mind, please provide it for a better answer.
mediaval time or middle ages
Marbury vs. Madison was the first time the Supreme Court declared a federal act "unconstitutional" and established the concept of judicial review in the U.S. The landmark decision helped define the "checks and balances" of the American form of government.
They refer to the king of England