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Inessa [10]
3 years ago
7

What did Adam Smith argue in favor of?

History
2 answers:
Anna35 [415]3 years ago
4 0
Adam Smith, in his famous book The Wealth Of Nations<span> argued that a free-market economy is largely self-regulating. He metaphorically described an "invisible hand" that brings supply and demand into balance. He also warned against the danger of economic monopolies, which prevent competition and therefore prevent the normal functioning of the invisible hand. </span>

<span>He advocated capitalism, but not unrestrained capitalism. He believed that while a free market leads to growth and wealth creation for all, some government regulation is necessary to prevent collusion and corruption. Unrestrained capitalism would lead to concentrations of wealth and power.

?</span>
serious [3.7K]3 years ago
4 0

Answer:

Reduced government interference in the economy

Explanation:

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The 16th-century Spanish explorer Francisco Vázquez de Coronado (c. 1510-1554) was serving as governor of an important province in New Spain (Mexico) when he heard reports of the so-called Seven Golden Cities located to the north. In 1540, Coronado led a major Spanish expedition up Mexico’s western coast and into the region that is now the southwestern United States. Though the explorers found none of the storied treasure, they did discover the Grand Canyon and other major physical landmarks of the region, and clashed violently with local Indians. With his expedition labeled a failure by Spanish colonial authorities, Coronado returned to Mexico, where he died in 1554.

Francisco Vázquez de Coronado’s Early Life and Career

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Did you know? A string of Indian settlements built near what is now west-central New Mexico (near the Arizona border) by the Zuni Pueblo tribes inspired tales of the Seven Golden Cities of Cíbola, the mythic empire of riches that Francisco Vázquez de Coronado was seeking in his expedition of 1540-42.

Within a year after his arrival, Coronado married Beatriz, the young daughter of Alonso de Estrada, former colonial treasurer. The match earned him one of the largest estates in New Spain. In 1537, Coronado gained Mendoza’s approval by successfully putting down rebellions by black slaves and Indians working in the mines. The following year, he was appointed as governor of the province of Nueva Galicia, a region that comprised much of what became the Mexican states of Jalisco, Nayarit and Sinaloa.

De Coronado’s Search for the Seven Golden Cities

By 1540, reports brought back from explorations made by Álvar Núñez Cabeza de Vaca and confirmed by missionary Fray Marcos de Niza convinced Mendoza of the presence of vast riches to the north, located in the so-called Seven Golden Cities of Cíbola. Excited by the prospect of such immense wealth, Coronado joined Mendoza as an investor in a major expedition, which he himself would lead, of some 300 Spaniards and more than 1,000 Native Americans, along with many horses, pigs, ships and cattle. The main thrust of the expedition departed in February 1540 from Compostela, the capital of Nueva Galicia.

Four arduous months later, Coronado led an advance group of cavalrymen to the first city of Cíbola, which in reality was the Zuni Pueblo town of Hawikuh, located in what would become New Mexico. When the Indians resisted Spanish efforts to subdue the town, the better-armed Spaniards forced their way in and caused the Zunis to flee; Coronado was hit by a stone and wounded during the battle. Finding no riches, Coronado’s men set out on further explorations of the region. During one of these smaller expeditions, García López de Cárdenas became the first European to sight the Grand Canyon on the Colorado River in what is now Arizona. Another group, led by Pedro de Tovar, traveled to the Colorado Plateau.

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