Adam Smith (baptised 16 June [O.S. 5 June] 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by many as the "father of economics" or the "father of capitalism", he is primarily known for two classic works: The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is regarded as his magnum opus, marking the inception of modern economic scholarship as a comprehensive system and an academic discipline.
Adam Smith publishes the influential economics book "The Wealth of Nations"
Adam Smith (baptised 16 June [O.S. 5 June] 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish…
Historical Significance
Adam Smith (baptised 16 June [O.
Key People
Events Before
British Parliament declares Massachusetts Colony in rebellion
British Parliament declares Massachusetts Colony in rebellion
Patrick Henry proclaims "Give me liberty or give me death" in a speech encouraging Virginia troops to join the American
Patrick Henry proclaims "Give me liberty or give me death" in a speech encouraging Virginia troops to join the American Revolutionary War
Paul Revere, William Dawes and Samuel Prescott ride from Charlestown to Lexington warning "the regulars are coming out!"
Paul Revere, William Dawes and Samuel Prescott ride from Charlestown to Lexington warning "the regulars are coming out!" [1]
American Revolution begins in Lexington, Massachusetts, with the "Shot Heard Round the World" fired later that day in Co
American Revolution begins in Lexington, Massachusetts, with the "Shot Heard Round the World" fired later that day in Concord
Second Continental Congress convenes in Philadelphia, Pennsylvania, issuing paper currency for the first time
The Second Continental Congress (1775–1781) was the meeting of delegates from the Thirteen Colonies that united in support of the American Revolution and Revolutionary War, which established American…
Events After
General George Washington's Revolutionary Army defeats British forces at the Battle of Princeton, New Jersey
The Battle of Princeton was a battle of the American Revolutionary War, fought near Princeton, New Jersey on January 3, 1777, and ending in a small victory for the Colonials.
US Continental Congress adopts the Stars & Stripes flag, designed by Francis Hopkinson, replacing the Grand Union flag
The Betsy Ross flag is a 1792 design for the flag of the United States that first appeared in a painting of George Washington at Trenton by John Trumbull.
American seamstress Betsy Ross (25) weds (for the 2nd time) mariner Joseph Ashburn
American seamstress Betsy Ross (25) weds (for the 2nd time) mariner Joseph Ashburn
Independent Vermont introduces a new constitution prohibiting slavery
Independent Vermont introduces a new constitution prohibiting slavery
King Louis XVI of France and his Foreign Minister clandestinely agree to supply the United States with munitions during
King Louis XVI of France and his Foreign Minister clandestinely agree to supply the United States with munitions during the American Revolution
More from the 1770s
United States Declaration of Independence
The Continental Congress adopts the Declaration of Independence, announcing the separation of the thirteen American colonies from Great Britain.
politics government
US founding father Thomas Jefferson (30) marries Martha Wayles Skelton (23)
Martha Skelton Jefferson was the wife of Thomas Jefferson from 1772 until her death in 1782. She served as First Lady of Virginia during Jefferson's term as governor from 1779 to 1781.
Date of action in Victor Herbert and Grant Stewart's opera "Madeleine"
Date of action in Victor Herbert and Grant Stewart's opera "Madeleine"
The London Credit Exchange Company issues the first traveler's cheques, which can be used in 90 European cities
The London Credit Exchange Company issues the first traveler's cheques, which can be used in 90 European cities
Frequently Asked Questions
- What happened on March 9, 1776?
- Adam Smith (baptised 16 June [O.S. 5 June] 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by many as the "father of economics" or the "father of capitalism", he is primarily known for two classic works: The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776).
- Why is Adam Smith publishes the influential economics book "The Wealth of Nations" significant?
- Adam Smith (baptised 16 June [O.
- Who was involved in Adam Smith publishes the influential economics book "The Wealth of Nations"?
- Key figures include Adam Smith (economist and philosopher).