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jan 1, 1776 - Adam Smith Publishes Wealth of Nations

Description:

attacks mercantilism
preaches laissez faire capitalism
1) free trade (no tarrifs, gvmt control)
2) Source of Wealth: LABOR
3) State Role: Tax for public works, protect individual rights

Added to timeline:

AP European History

ByAntony Manavalan
6 months ago
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0
218

Date:

jan 1, 1776
Now
~ 250 years ago
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