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Glossaries
Global History & Geography for 14-15 Yr olds USA) (Thomas Caswell)
Global History & Geography for 14-15 Yr olds USA) (Thomas Caswell)
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Laissez-Faire Economics
This was an economic philosophy begun by Adam Smith in his book,
Wealth of Nations
, that stated that business and the economy would run best with no interference from the government. This economic system dominated most of the Industrial Revolution.
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Global History & Geography for 14-15 Yr olds USA) (Thomas Caswell)