Explanation:
Smith states, explicitly and repeatedly, that the true measure of a nation's wealth is not the size of its king's treasury or the holdings of an affluent few but rather the wages of “the laboring poor.”
The role of pawnbrokers in the middle ages is : Making loans in exchange for property
So basically if the people in that period need some sort of fund, they can get it with the exchange of their valuable personal property (such as expensive arts, antiques, or gem stones)
hope this helps
Gasden Purchase--the strip of land purchased from Mexico in 1853 was negotiated by James Gasden.
The US wanted this strip of land to complete the southern branch of the Transcontinental Railroad. Gasden was the minister to Mexico and sent to negotiate the purchase of the land as well as create a final border agreement with Mexican president, Santa Anna. The land was purchased for $10 million and settled the US-Mexico border.
This armistice signed on July 27, 1953, formally ended the war in Korea. North and South Korea remain separate and occupy almost the same territory they had when the war began. The Korean War, which began on June 25, 1950, when the North Koreans invaded South Korea, officially ended on July 27, 1953.
The ancient Roman republic had three branches of government. In the beginning, the legislative branch was the Senate, a group made up of 300 citizens from Rome's patrician class, the oldest and wealthiest families of Rome. It was the patricians, tired of obeying the king, who revolted and threw out Tarquinius Superbus.