Adam Smith's Simplified Wealth of Nations, Book 4, Chapter 7c: English Colonies

Chapter 7c: English Colonies

37 The English colonies in North America have progressed the fastest. 38 "Plenty of good land, and liberty to manage their own affairs their own way, seem to be the two great causes of the prosperity of all new colonies." 39 In the plenty of good land, the English colonies of North America are inferior to the colonies of Spain and Portugal.
  1. 40 The engrossing of uncultivated land was more restrained in the English colonies than in any other.
  1. 41 Secondly, in Pennsylvania there is no right of primogeniture.
  1. 42 The labour of the English colonists is likely to afford a greater and more valuable produce.
  1. 43 Fourthly, the English colonies have been more favoured in the disposal of their surplus produce.
44 Some nations gave up the whole commerce of their colonies to an exclusive company. 45 Other nations did not establish an exclusive company. 46 Other nations leave their colony trade free to all their subjects who carry it from the ports of the mother country.
Words: 1871
Next: Chapter 7e: Enumerated Commodities