Adam Smith and the Origins of American Enterprise: How the Founding Fathers Turned to a Great Economist’s Writings and Created the American Economy

Amazon.com Price: $12.91 (as of 11/11/2019 00:24 PST- Details)

Categories: American Revolution, Americas, Biographies and Memoirs, Books, Business and Money, Economics, Entrepreneurship, Free Enterprise, Historical, History, Leaders and Notable People, Military, Revolution and Founding, Small Business and Entrepreneurship, Subjects, Theory, United States

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Adam Smith used to be a Scottish professor of moral philosophy. He published his classic The Wealth of Nations in 1776, the year the American Revolution started. Smith become widely recognized for his ideas of free markets, laissez-faire commerce, and the “invisible hand.” Yet English politicians, landed gentry, and the nobility paid little attention and enacted none of Smith’s suggested reforms.

The American colonies, alternatively, started their existence as an independent nation in 1781 and not using a money, no industry, no banks, and deep in debt. The Founding Fathers-particularly Alexander Hamilton, James Madison, and Benjamin Franklin-turned to the guidelines of Adam Smith to create and jump-start an economic system for The us with both immediate and long-sustained results.

This little-known but necessary a part of U.S. history is now revealed in Roy C. Smith’s highly readable new book.

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