Mercantilism: the economic theory that trade generates wealth, and therefore governments should encourage exports and discourage imports, in order to accumulate gold and silver.
Adam Smith’s ideas flowed through the heart of the American ________________________.
Smith thought that the Americans were victims of the ________________________ system.
Adam Smith believed open and ________ __________ was best for Britain and America.
Adam Smith did not see any way in which the colonies would ever be ____________________ to Britain.
In ________, just months before America’s seething discontent burst into outright rebellion, ______ ____________ ____ ______________ was published.
Colonial __________________ found Smith very interesting because his books provided a blueprint on how to create a nation.
Included in the ______________ ____ ________________ collections is the personal library of ____________ __________________, a lifelong admirer of Adam Smith.
The nature of the Constitution, the nature of the revolution, the whole philosophy of ________________ as it is in the United States is embedded in that collection.
Jefferson didn’t just read Smith’s book; he frequently ______________ it, ____________________ it, and ______________________ it to others.
Both ______________ and Smith believed that while human beings are strongly motivated by __________________________, they are also capable of ____________.
What you see in the ________________________ is an attempt to implement and integrate into a governmental plan are some of the ideas Smith had about what could allow for a ____________________ society.
“The sovereign is completely discharged from a duty [for which] no __________ wisdom or knowledge could ever be sufficient; the duty of superintending the ________________ of private people.”
When faced with the challenge of how to create and structure a new nation, the ________________ turned to the __________________________ and to Adam Smith for guidance.
Who was Adam Smith? Why was he interested in the American colonies?
What did Adam Smith think would be the best arrangement between Britain and the colonies?
Why did Britain need such a large navy back in the 18th century?
Why did Britain want to control its colonies to monopolize trade?
Why was The Wealth of Nations widely read in the American colonies, including by many of the Founders?
