history 10 hw.docx - Rafael Dominguez Professor William De...

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Rafael Dominguez Professor: William De Jong Lambert His 10 What You Learned: Philosophy and the Industrial Revolution 1. What did Adam Smith mean by “laissez-faire?” The translation is “being able to do something” and what he mean by “laissez-faire” Economic reformers proclaim that uncontrollable economies would develop a quicker economic growth. Going well beyond the work of Adam Smith, they called for free trade (or laissez-faire), unencumbered by tariffs, quotas, and fees; free markets, which would be unregulated; and free labor, which meant using paid labor rather than slave labor. They insisted that these economic freedoms would yield more just and more efficient societies, ultimately benefiting everyone, everywhere in the world. Basically the Laissez-faire was a policy that limited the government intervention with the economic events of a person and the society. 2. What did Malthus say about human population and food production?

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