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In 1960s and 1970s, the US faced the issue of stagflation, immigrants and blacks were discriminated against, the poor were kept poor, and the rich got richer.
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In this, there is 'high inflation and high employment'. Also there were Vietnam war, civil rights protest.
- The assassination of president 'john F Kennedy', some shoot him while he was in car and also the assassination of Martin Luthur King.
- The corruption of 'political parties' by offering bribe by the big businesses and corporations which caused hardship for 'normal citizens'.
- The United States suffered from slavery and many steps were taken towards 'granting equal rights' based on race in the '1960's
Smith argued that by giving everyone freedom to produce and exchange goods as they pleased (free trade) and opening the markets up to domestic and foreign competition, people's natural self-interest would promote greater prosperity than with stringent government regulations.
It doubled the size of the US
The US had to pay 15 million
Farming was improved
