what significant events were occurring in england and north america at the time that the wealth of nations was written ?

2 answers:

8 0

A number of activities were taking place during the time when the Wealth of Nations was being published. Generally, the key even which was taking place during this time was the industrial revolution which was mainly taking place in most European countries.

qwelly [4]3 years ago

6 0

Explanation:

A number of activities were taking place through the time when the Wealth of Nations was being published. The collection of the book took seventeen years of investigation by the author as he required to get the right course of events which were regarding place during the time. Frequently, the key event which was taking place throughout this time was the technical violence which was essentially taking place in most European countries. Other topics which were part of this industries change where the issues of division of labor and specialization, increased productivity and also enhanced the demand of the free market philosophy.

You might be interested in

"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by a

almond37 [142]

The correct answer is B.

Milton Friedman (1912 - 2006) was an economist who received the 1976 Nobel Prize in Economics for his studies in consumption analysis, monetary history and complex theories related to stabilization, including goverment intervention policies.

Presidents such as Hoover or Coolidge, who had governed in the decade before the Great Depression, supported laisez-faire economic measures, that consisted on free functioning of the markets with minimum goverment interventionism. Markets alone, would produce the most efficent outcomes, according to his viewpoint. Therefore, the policies introduced by these governments, involved minimum government regulation of the economic activity by the goverment.

<u>This is why Friedman, such as many others, claimed for alternative policies which involved goverment intervention for stabilization purpouses, using the mechanisms of the fiscal policy.</u> Subsequent goverments did apply such measures, being the best example the New Deal, based on Keynesian economics and implemented by President Roosevelt. The New Deal aimed to create job positions for the large unemployed sectors of the US population, by increasing public expenditure (one of the variables of the fiscal policy) in public works and hence, creating employment to undertake those works.

4 0

3 years ago

Read 2 more answers

During the Renaissance, the role of the individual as well as the study of Latin and Greek classics, moral philosophy, and histo

Alex73 [517]

Hey thank me or gay mf

7 0

3 years ago

What economic theories were put into practice during the age of exploration

MissTica

I believe the answer you are looking for is Merchantilism. Let me know if I helped any.

7 0