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AP European History
Unit 3 – Absolutism and Constitutionalism
Topic 3.1
Considering Smith's 'Wealth Of Nations', what long term implication can be drawn about its purpose in relation with capitalism?
The main purpose was to argue against all forms of mercantilism.
Smith's book only impacted economic reforms within Britain and had negligible influence elsewhere.
It solely instigated an immediate global shift to laissez-faire economics.
This work significantly influenced the development and philosophies of modern day capitalism.
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AP European History - 3.1 Context of State Building from 1648-1815
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Long term implication
Purpose
Relation with capitalism
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Cram Mode
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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