Scottish philosopher who wrote The Wealth of Nations in 1776. Argued that money in and of itself did not constitute wealth wealth but merely its marker. He advocated Laissez-faire economic theory. Adam Smith also said that individuals should freely pursue their own economic interests
Guilds performed a variety of important functions in the local economy. They established a monopoly of trade in their locality or within a particular branch of industry or commerce; they set and maintained standards for the quality of goods and the integrity of trading practices in that industry; they worked to maintain stable prices for their goods and commodities; and they sought to control town or city governments in order to further the interests of the guild members and achieve their economic objectives.
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<em>See how the Louisiana Purchase led to the forcible removal of Indian tribes and fueled the slavery debate</em>
<em>See how the Louisiana Purchase led to the forcible removal of Indian tribes and fueled the slavery debateIn 1803, representatives of the United States traveled to France to negotiate for the city of New Orleans, which was then held by the French. Instead, they gained the entire Louisiana Territory, a total of 828,000 square miles. This vast acquisition of land cost the United States approximately 15 million dollars – or only about three cents an acre.</em>
<em>See how the Louisiana Purchase led to the forcible removal of Indian tribes and fueled the slavery debateIn 1803, representatives of the United States traveled to France to negotiate for the city of New Orleans, which was then held by the French. Instead, they gained the entire Louisiana Territory, a total of 828,000 square miles. This vast acquisition of land cost the United States approximately 15 million dollars – or only about three cents an acre.The Louisiana Purchase doubled the size of the United States, extending its western border to the Rocky Mountains and its northern border to Canada. The purchase also gave the United States control of both banks of the Mississippi River, as well as the port city of New Orleans, which connected the Mississippi to the Gulf of Mexico. Thirteen states, either in whole or in part, were eventually carved out of this new territory.</em>
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Defend the Hungarian Archduke's assassination
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