Adam Smith (Wealth of Nations excerpt) attacks the Navigation Acts 1776 (primary source document with reading questions)

Adam Smith navigation acts primary source with questions

The Navigation Laws, as perfected in the eighteenth century, bore most harshly on the southern colonies, with their staple enumerated products. To strengthen the Royal Navy, the London government paid bounties for the production of pitch, tar, rosin, turpentine, hemp, masts, yards, and bowsprits, but the northern colonies came off with the lion’s share of the bounty payments. The whole system was reviewed in 1776, the year the colonies declared independence, by the Scottish philosopher-economist Adam Smith in his monumental Wealth of Nations. As a declaration of independence from current mercantilist restrictions, it ranks as one of the great books of all time. Smith, who has been dubbed the father of modern economics, was a liberal-minded exponent of the greatest good to the greatest number.

Advertisements

About historymartinez

Social Studies Department Chair, Room A305 Tutoring Mondays @ 4:15 pm & Wednesdays @ 8:00 a.m.
This entry was posted in American Revolution Era & Constitution, U.S. History. Bookmark the permalink.

One Response to Adam Smith (Wealth of Nations excerpt) attacks the Navigation Acts 1776 (primary source document with reading questions)

  1. Pingback: Catherine Crier Attacks Conservative Dogma About Adam Smith - Pilant's Business Ethics | Pilant's Business Ethics

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s