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AP European History
Unit 3 – Absolutism and Constitutionalism
Topic 3.6
How did Adam Smith's "The Wealth of Nations" shape economic thought?
The book laid the groundwork for classical economics and free-market capitalism principles globally.
The book advocated for a return to absolute monarchies as the best form of government.
The book promoted Communist theories leading to revolutions in Russia and China later on.
The book led to the discovery of new lands and colonization by European powers.
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AP European History - 3.6 Balance of Power
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Adam Smith
The Wealth of Nations
Economic Thought
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About Us
About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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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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