Adam Smith and His Theory of the Free Market - Social Studies for Kids | Children's Philosophy Books

Baby Professor

Description

What was this free market that Adam Smith was referring to? You will know the answer in this book that’s appropriate for children. You might think that such principles are too complex for kids but they’re not if you use the right learning tools. Go for books that have been written to match your child’s vocabulary, to facilitate easy understanding. Enjoy a good read!

Sujets

• PH

Informations

• Publié par: Speedy Publishing LLC
• Date de parution: 01 décembre 2017
• Nombre de lectures: 1
• EAN13: 9781541920392
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Adam Smith and His Theory of the Free Market
Social Studies for Kids
Children’s Philosophy Books




Speedy Publishing LLC
40 E. Main St. #1156
Newark, DE 19711
www.speedypublishing.com
Copyright 2017
All Rights reserved. No part of this book may be reproduced or used in any way or form or by any means whether electronic or mechanical, this means that you cannot record or photocopy any material ideas or tips that are provided in this book



























































I n this book, we’re going to talk about Adam Smith’s theories. So, let’s get right to it!




T he Declaration of Independence wasn’t the only important text that was published in the year 1776. Adam Smith, a philosopher from Scotland, worked for nine years to put together his theories into a book, which was published in that same year.




The declaration of independence, 1776















The Wealth of the Nation painting by Seymour Fogel
















H is book was called “An Inquiry into the Nature and Causes of the Wealth of Nations” or “The Wealth of Nations” for short. Smith’s book completely changed the way people and governments began to view their economies, so it was a “ground- breaking” book. Eventually, his views had an impact all over the world.













































































WHAT IS MERCANTILISM?
A t the time that Smith was writing, many countries in the world, especially in Europe, had economies that were described as systems of mercantilism. In this system, wealth was an amount that was fixed. To be prosperous, a country had to hold on to precious metals like gold and silver.




Sprott Silver Bars




T o make even more money, they should sell as much as possible to other countries, but not buy from other countries.



Lorrain seaport