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mar 9, 1776 - Adam Smith's theory

Description:

Adam Smith's "Wealth of Nations" (1776) argues that free markets, division of labor, and minimal government help economies grow. He opposes mercantilism and believes self-interest benefits everyone through the "invisible hand"

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Empire and the emergence of world powers 1870-1919

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Date:

mar 9, 1776
Now
~ 249 years ago
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