Why is adam smith an important historical figure

Adam Smith was an 18th-century Scottish economist, philosopher, and author, and is considered the father of modern economics. Smith’s ideas–the importance of free markets, assembly-line production methods, and gross domestic product (GDP)–formed the basis for theories of classical economics.

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it was the new england colonies.

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roosevelt believed that in light of the country's recent military successes, it was unnecessary to use force to achieve foreign policy goals, so long as the military could threaten force. this belief, and his strategy of “speaking softly and carrying a big stick,” shaped much of roosevelt's foreign policy.