What impact did adam smith have on the u .s free enterprise system

Adam Smith is generally regarded as the founder of modern economics. Adam Smith advocated the capitalist free enterprise system, based on the belief that men are motivated by rational self-interest. His book "Wealth of Nations" became a standard text book for economists throughout the Western world

pennsylvania pennsylvania colony was a proprietary colony founded when william penn was awarded a charter by king charles ii in 1681. he set up the colony as one of religious freedom. the government included a representative legislature with popularly elected officials. all taxpaying freemen could vote.

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