During the industrial revolution, an economist and
philosopher by the name Adam Smith was the first person who wrote about how
economic growth and capitalism are interconnected. Adam Smith is recognized in
history as a pioneer of political economy.
He did more than most and did it all during the most violent time in American history. Maybe not anymore but kinda. Some may not see it the same way but he also gave his life by working for what he believed was right and then being assassinated for what he believed.
By 1786, Americans realized that the Articles of Confederation, the first written constitution of the United States, had to be changed as, according to the Articles, Congress had no rights regarding the control of domestic affairs, such as taxation or commerce regulation. It depended on the financial help of the states, lacking money to pay soldiers for their service in the Revolutionary War or repay foreign loans. By 1786, the US was bankrupt. In 1787 a decision was made to write a new constitution, which was adopted the same year in Philadelphia.
