Question

The world was changing quite a bit in the 1770s when Adam Smith was writing. What other big changes were taking place in the world around the time that The wealth of Nations was published?

Answer 1

Answer:

The Declaration of Independence of the United States was being established. This led to changes in European economies that saw colonialism weakening. It also raised new economic paradigms with the emergence of the economic administration of the colonies, without the interference of the metropolis.

Explanation:

"The wealth of Nations" is one of Adam Smith's most important works. This work consists of five books and makes a complete analysis of the functioning of commerce and the societies created from them. It also exposes innovative themes for the time, such as the division of the tebalhos, distribution of income, accumulation of capital, among others.

This work was published at the same time as the United States Declaration of Independence. At that time the world was experiencing a great change that was the fall of European colonialism. which encouraged the colonies to seek their own economic and social identity and generated innovative concepts in the national economy.