Introduction
Scottish economist Adam Smith regarded the British Empire as the best of its kind in history, but he still believed that it would be better for everyone if London abandoned her single market and meddlesome governance, and granted her colonies independence.
TO propose that Great Britain should voluntarily give up all authority over her colonies, and leave them to elect their own magistrates, to enact their own laws, and to make peace and war, as they might think proper, would be to propose such a measure as never was, and never will be, adopted by any nation in the world.*
If it was adopted, however, Great Britain would not only be immediately freed from the whole annual expense of the peace establishment of the colonies,* but might settle with them such a treaty of commerce as would effectually secure to her a free trade.* It might dispose them not only to respect, for whole centuries together, that treaty of commerce which they had concluded with us at parting, but to favour us in war as well as in trade, and instead of turbulent and factious subjects, to become our most faithful, affectionate, and generous allies.*
Abridged
‘Wealth of Nations’ was published in 1776, the year that the thirteen North American colonies declared independence, gaining sovereignty in 1783 after a bloody war. But Canada became self-governing in 1867, Australia in 1901, and New Zealand six years later; South Africa followed in 1910, the Irish Republic in 1922, and India in 1947. In the last two cases there were some armed confrontations, but no war.
Smith was of the opinion that operating a single market had dented gross domestic product through a lack of free trade and competition, that cronyism and waste was rife in Government, and that the spiralling costs of the Royal Navy were undermining fiscal responsibility: the The Seven Years’ War alone (1756-1763) had doubled the national debt.
The newly sovereign United States of America did conclude a friendly (though not free) trade deal with Britain, The ‘Jay Treaty’, though many campaigned on behalf of France precisely because of Britain’s attitude in 1776. Washington did not lend Britain military aid until the Great War of 1914-1918.
America fought as Britain’s allies for the first time in the Great War of 1914-1918. On the response of other colonies in the Great War, read John Buchan’s account in our post The Avengers.
Archive
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Find this post and others dated 1776 in The Tale of Years
Tags: Liberty and Prosperity (169) British Empire (101) Extracts from Literature (616) Political Extracts (142) History (956) British History (493) Georgian Era (224) Modern History (343) International Relations (41) Adam Smith (15)
Word Games
Sevens Based on this passage
Suggest answers to this question. See if you can limit one answer to exactly seven words.
What did Smith think no country would ever do?
Variations: 1.expand your answer to exactly fourteen words. 2.expand your answer further, to exactly twenty-one words. 3.include one of the following words in your answer: if, but, despite, because, (al)though, unless.
Spinners Find in Think and Speak
For each group of words, compose a sentence that uses all three. You can use any form of the word: for example, cat → cats, go → went, or quick → quickly, though neigh → neighbour is stretching it a bit.
This exercise uses words found in the accompanying passage.
1 But. Secure. Whole.
2 Leave. Own. World.
3 Affectionate. Immediate. Should.
Variations: 1. include direct and indirect speech 2. include one or more of these words: although, because, despite, either/or, if, unless, until, when, whether, which, who 3. use negatives (not, isn’t, neither/nor, never, nobody etc.)
Homonyms Find in Think and Speak
Each of the words below has more than one possible meaning. Compose your own sentences to show what those different meanings are.
This exercise uses words found in the accompanying passage.
1. Own. 2. Well. 3. Left. 4. Subject. 5. Free.
Show Suggestions
For each word above, choose one or more suitable meanings from this list.
1. Possess. 2. Unrestrained, liberated. 3. Belonging to oneself. 4. Not badly. 5. Abandoned. 6. ‘The product is subjected to (forced to undergo) rigorous testing’. 7. The opposite side to the right. 8. Liable to. 9. A deep hole providing water. 10. Admit. 11. Topic, theme. 12. Went away. 13. Without charge.
Add Vowels Find in Think and Speak
Make words by adding vowels to each group of consonants below. You may add as many vowels as you like before, between or after the consonants, but you may not add any consonants or change the order of those you have been given. See if you can beat our target of common words.
bs (10+3)
See Words
abase. abuse. base. beaus. bees. bias. boos. bus. obese. oboes.
baas. boas. ibis.
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