An Inquiry Into the Nature and Causes of the Wealth of Nations - End of Book 4 & Book 5, Chapter 1 Summary & Analysis

This Study Guide consists of approximately 34 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of An Inquiry Into the Nature and Causes of the Wealth of Nations.

An Inquiry Into the Nature and Causes of the Wealth of Nations - End of Book 4 & Book 5, Chapter 1 Summary & Analysis

This Study Guide consists of approximately 34 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of An Inquiry Into the Nature and Causes of the Wealth of Nations.
This section contains 477 words
(approx. 2 pages at 400 words per page)
Buy the An Inquiry Into the Nature and Causes of the Wealth of Nations Study Guide

End of Book 4 & Book 5, Chapter 1 Summary and Analysis

In the 1700s, Holland was a place of extensive international trade. They were very possessive of their control of the exchange of goods. As such, they went out of their way to push out or to prevent the British from gaining control of the import/export aspect of the market. Smith follows this by saying that the "act of navigation, is, perhaps, the wisest of all the commercial regulations of England," (p. 431). The author's final note for "Book 4" is as of 1776, he is certain that there will never be entirely free trade throughout the various nations of the British Isles again. Readers can consider to what extent those rules resemble the "Free Trade Agreement" for the 3 nations of North America in the late 20th and early 21st centuries.

Book 5 is the last of...

(read more from the End of Book 4 & Book 5, Chapter 1 Summary)

This section contains 477 words
(approx. 2 pages at 400 words per page)
Buy the An Inquiry Into the Nature and Causes of the Wealth of Nations Study Guide
Copyrights
BookRags
An Inquiry Into the Nature and Causes of the Wealth of Nations from BookRags. (c)2024 BookRags, Inc. All rights reserved.