Is this a question or an answer to a question
        
             
        
        
        
Adam Smith argued that individuals should own and control businesses and make all the decisions about them.
        
                    
             
        
        
        
Answer:
Isolationism refers to America's longstanding reluctance to become involved in European alliances and wars. Isolationists held the view that America's perspective on the world was different from that of European societies and that America could advance the cause of freedom and democracy by means other than war.
American isolationism did not mean disengagement from the world stage. Isolationists were not averse to the idea that the United States should be a world player and even further its territorial, ideological and economic interests, particularly in the Western Hemisphere.
Explanation:
 
        
             
        
        
        
It benefited in numerous ways but mainly it and maybe most importantly it gave them the access to the China trade. The Pacific route was also Spain's exclusively for a certain period of time and there was also a great need for silver in China which was supplied by the Spaniards from their silver mines.