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Oct 14: Adam Smith's WEALTH OF NATIONS


No Spice and Little Gold

All colonies are founded to gain territory or treasure. Spain
expected spice and gold from Columbus's expedition, but got no
spice and little gold. Adam Smith tells the true motive of the
colonizing Greeks, Romans, English, and Spaniards.

Read from Adam Smith's WEALTH OF NATIONS .........    Vol. 10, pp. 395-404