Give Me Liberty Adam Smith Chapter 1 Summary

2. Four massive ranges—the Rockies, the Sierra Nevada, the Cascades, and the Coast Ranges, arose in western North America approximately 135 million to 25 million years ago. According the theory of “Land Bridge,” a “Land Bridge” linked up Asia and North America across the Bering Sea and the Gulf of Alaska.

Indians arrived in America some 30,000 to 40,000 years ago. Archeological findings and Radiocarbon testing suggested that the prehistoric people who populated the Americas were hunters following the herds of wooly mammoths. They walked from Siberia across a land bridge into Alaska. They headed south toward warmer climates, slaughtering the mammoths as they went. As the glaciers melted, the oceans rose and covered this land bridge, creating the present-day Bering Strait and separating Alaska from Russia. By the time Christopher Columbus arrived, they were millions of what might be called First Americans or Amerindians occupying the two continents of Americas. The first noted documentation of the Beringia theory of the peopling of North America was by Jose de

Following the many policies and taxes being passed in the new world came the American Revolution. It’s by far the sole most important war victory America has ever had. It marked not only freedom and independence from Britain, but it also was a victory for mankind and the age of new thoughts, ideals, and practices. The revolution also established a political structure for America that is still effective today. Great Britain outmatched America both militarily and financially but a combination of events happening in America’s favor precipitated one of the greatest victories in world history.

The pivotal second chapter of Adam Smith's Wealth of Nations, "Of the Principle which gives occasion to the Division of Labour," opens with the oft-cited claim that the foundation of modern political economy is the human "propensity to truck, barter, and exchange one thing for another."1 This formulation plays both an analytical and normative role. It offers an anthropological microfoundation for Smith's understanding of how modern commercial societies function as social organizations, which, in turn, provide a venue for the expression and operation of these human proclivities. Together with the equally famous concept of the invisible hand, this sentence defines the central axis of a new science of political economy

The fifty-five mile long Beringia land and ice bridge connected Siberia and North America for a period of approximately 3500 years.[205] A generous amount of time to allow wandering humans and game to cross into the Americas.

Although “historians no longer use the word “discovery” to describe the European exploration, conquest and colonization of a hemisphere already home to millions of people”, it was one of the greatest and most important discoveries ever in our history that changed the lives of millions of people. (Eric Foner, Give Me Liberty: An American History (New York: W.W. Norton & Company, 2008), pg 1.) For some the “discovery”of America would mean an opportunity for a better life, for others the “discovery” brought misery and death.

Since the early days of the United States, the Founding Fathers and other brilliant minds sought ways to understand and make sense of the inner workings of society and the economic market. Out of the many thinkers and developers of that time period, perhaps none made so great an impact on American society as the Scottish contemporary philosopher and political economist, Adam Smith—who is most known for his influential work, An Inquiry into the Nature and Causes of the Wealth of Nations, By the early nineteenth century, other streams of economic theory emerged from various individuals who were also influenced by the ideas of Smith. Some of these individuals included David Ricardo, Karl Marx and later John Maynard Keynes and Milton Friedman—each of whom contributed their own ideas on economic activity. However, it was Smith’s ideas on capitalism and his laissez-faire approach to free markets that have transcended other economic theories and continue to impact American economic thought to this day.

The bering strait theory is named after Vitus Bering. It is also known as the land bridge theory as well, the theory takes places during the ice age it is said that the waters of the Bering straits were frozen over and match up, making sea levels lower which allowed the natives of North America to cross over from Asia via Siberia. They did not walk over ice they made a route. This is the origin of our fellow native people. Many believe that the first people to populate the Americas migrated across the Bering Land Bridge while tracking large game animal herds. Becoming the roots of the bering strait theory. It s model of how migration started. Even today this shows us how many have crossed america looking for something more alongside a greater quality of life.

Within On Liberty by John Stuart Mill, the notion of individuality and one 's abilities to make choices for himself contradicts the notion of evolution within Edward O. Wilson’s Consilience. Mill’s beliefs derive from social interaction and experience in which the individual can decide for himself what is right versus what is wrong and can act upon what he believes to be the best option. Whereas, Wilson’s views coincide with the idea that individuals generate decisions based off of historically discovered findings and ideas, and how people have evolved based off of others outcomes. Choices people make, in Mill’s view, are based on concepts like perception and judgment, however, Wilson’s outlook established from the evolution of situations, where the person then makes a choice in order to initiate the best-known outcome.

controlled the society he lived in. In the process, he provides an exposition for his vision

1. According to Adam Smith the discovery and colonization of America affected the economic development by the increase of its enjoyments and augmentation. The surplus produce of America, imported into Europe, furnished the inhabitants of this great continent with a variety of commodities.

Adam Smith is considered as one of the most influential economists in the 18th century. Although his theories have been criticized by several socialist economists, however, his idea of capitalism still has great impact to the rest of the economists during classical, neo classical periods and the structure of today’s economy. Even the former Prime Minister of Britain, Margaret Thatcher had praised on Smith’s contribution on today’s capitalism market. She commented “Adam Smith, in fact, heralded the end of the strait-jacket of feudalism and released all the innate energy of private initiative and enterprise which enable wealth to be created on a scale never before contemplated” (Copley and Sutherland 1995, 2). Smith is also being recognized

According to Adam Smith’s, The Wealth of Nation, the best economic benefits for all can be achieved when an individual concerned with their own interests. Self-interest is when an individual makes decisions that are in their own benefit or best interest over any other parties involved (Book 1 chapter 2 §2). Smith argues that the idea of individual continuously make decisions that benefits their own situation will eventually lead to achieving better quality of life for everyone. Hence, people wouldn’t have to depend on other to make the decisions for them and encourages division of labour within the society (Book 1 chapter 2 §3). Withal the theory of self-interest is alike with selfish in our words, therefore the following essay explores how these two concepts differ. Nevertheless, Smith is also aware that the theory of self-interest may cause dispute between master and workers, thus he suggests a resolution to this kind of dispute. Accordingly, along with an example of worker’s dispute, this essay evaluates whether the resolution that Smith suggested is feasible in the modern society.

In John Stuart Mill’s essay On Liberty, he declares that people should be able to express their opinions and not be silenced by the majority or ruling class, because in Mill’s opinion discussion and debate is good for the wellbeing of society. By suppressing unpopular opinions, it delays progress and intellectual thought. Mill’s argument regarding the defense of the freedom to express opinions is effective, yet compared to his harm principle it does not stand logically. While superficially his argument seems strong, there are contradictions in his belief based on his earlier assertion of the utility to protect from harm that can be seen in the relatable examples given and the act of straw manning throughout his writing.

Some say he was absent-minded or even oblivious, but I rather like to think of it as frequent states of profound thought. The man I refer to is Adam Smith and after having read the assigned excerpts and a few other passages from his The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations I not only hold him in a new light, but I have arrived at three heavily debated conclusions. First, he believed that self-interest is the singular motivation that effectively leads to public prosperity. Second, although Smith feels that the one’s pursuit of self–interest should be their primary concern, he knew that humans are inclined to take interest in and enjoyment from kind and charitable