7. Adam Smith, The Results of Colonization (1776) Source: Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (London, 1776), vol. 2, pp. 190-91, 235- 37. "The discovery of America," the Scottish writer Adam Smith announced in his celebrated work The Wealth of Nations, published in 1776, was one of "the two greatest and most important events recorded in the history of mankind." Smith is regarded as the founder of modern economics. It is not surprising that looking back nearly three centuries after the initial voyage of Christopher Columbus in 1492, Smith focused primarily on the economic Questions 1. According to Smith, how did the "discovery and colonization" of America affect the economic development of Europe? 2. Why does Smith believe that the "benefits" of colonization outweigh the "misfortunes"? tv A MacBook Air X

7. Adam Smith, The Results of Colonization (1776) Source: Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (London, 1776), vol. 2, pp. 190-91, 235- 37. "The discovery of America," the Scottish writer Adam Smith announced in his celebrated work The Wealth of Nations, published in 1776, was one of "the two greatest and most important events recorded in the history of mankind." Smith is regarded as the founder of modern economics. It is not surprising that looking back nearly three centuries after the initial voyage of Christopher Columbus in 1492, Smith focused primarily on the economic Questions 1. According to Smith, how did the "discovery and colonization" of America affect the economic development of Europe? 2. Why does Smith believe that the "benefits" of colonization outweigh the "misfortunes"? tv A MacBook Air X