Adam Smith - The Inventor of Market Economy I THE INDUSTRIAL REVOLUTION
Economy | Information | History | Online | Facts | World | Global | Money
Adam Smith was one of the first men who explored economic connections in England and made clear, in a time when Mercantilism reigned, that the demands of the market should determine the economy and not the state. In his books Smith was a strong advocator of the free market economy. Today we give you the biography of the man behind the classic economic liberalism and how his ideas would change the world forever. Check out The Invention of the Light Bulb and our whole Playlist on the INDUSTRIAL REVOLUTION http://bit.ly/TheIndustrialRevolution » JOIN THE COMMUNITY! Write us on Facebook: http://bit.ly/ITSHISTORYfb Follow us on Twitter: http://twitter.com/thehistoryshow Your photos on Instagram: https://instagram.com/itshistorychannel » PARTNER channels Interested in the First World War? Check out our channel THE GREAT WAR! https://www.youtube.com/user/TheGreatWar » SOURCES Videos: British Pathé (https://www.youtube.com/user/britishpathe) Pictures: mainly Picture Alliance » ABOUT US IT’S HISTORY is a ride through history - Join us discovering the world’s most important eras in IN TIME, BIOGRAPHIES of the GREATEST MINDS and the most important INVENTIONS. » HOW CAN I SUPPORT YOUR CHANNEL? You can support us by sharing our videos with your friends and spreading the word about our work. » CAN I EMBED YOUR VIDEOS ON MY WEBSITE? Of course, you can embed our videos on your website. We are happy if you show our channel to your friends, fellow students, classmates, professors, teachers or neighbors. Or just share our videos on Facebook, Twitter, Reddit etc. Subscribe to our channel and like our videos with a thumbs up. » CAN I SHOW YOUR VIDEOS IN CLASS? Of course! Tell your teachers or professors about our channel and our videos. We’re happy if we can contribute with our videos. » CREDITS Presented by: Brett Ortgiesen Based on the script by: Ella TheBee Translated by: Brett Ortgiesen Directed By: Daniel Czepelczauer Director of Photography: Markus Kretzschmar Music: Markus Kretzschmar and Daniel Czepelczauer Sound Design: Bojan Novic Editing: Markus Kretzschmar A Mediakraft Networks original channel Based on a concept by Florian Wittig Visual conception: Markus Kretzschmar Executive Producers: Astrid Deinhard-Olsson, Spartacus Olsson Head of Production: Michael Wendt Producer: Daniel Czepelczauer Social Media Producer: Hendrik Sontheim Social Media Manager: Florian Wittig and Laura Pagan Contains material licensed from British Pathé All rights reserved - © Mediakraft Networks GmbH, 2015
Comments
-
why do these have the same thumbnails as the Great War?
-
This guy does not know how to pronounce some of these name lmao, its Kante not Cunt (Kant)
-
teh market economy was discovered not invented.
-
Even the Chinese Communists figured out that the market economy is better than starvation. As did Viet Nam and others...
-
Awesome!
-
CAPITALISM NUMNER ONE!!!
-
Adam Smith is controversial against economics ruining to the principles of balanced on life itself.
-
Adam smith was precious one
-
This man, probably responsible for the birth of modern Era.
-
It is what it is! He made a mark! Let it be!
His ideas did seem to make someone money! -
adam smith copied his idead from the documents at the universitt of salamanca where at the 1510s the spaniards founded the science of economy and economical ethics and market freedom. adam smith was at salamanca and copied his ideas from their.
adam smith DID NOT invent economical freedom in market.
spaniards did.
once again british historiography lies gain terrain due to peoples ignorance -
The description of mercantilism is so completely off that I unsubscribed from this channel as quickly as I had subscribed to it. I am very disappointed. The definition seems tailored to fit modern arguments against government regulation. The basic and fallacious view of wealth as a static pool of precious metals, and all national wealth as a slice of a finite pie, is absolutely ignored. This robs Smith of credit for his most revolutionary insights.
-
This is all lies Adam Smith was basically a supporter of pirates things like the Rothschild's buying the British stock market after they tricked them Britain had lost the Battle of Waterloo. Also the British East India company and the opium wars in China. Schools and university's teach shit brainwashing kids assholes criminals not smart arses with dunces square caps
-
Kirkaldy has a silent 'l'. It is pronounced "Kir-caw-day"
-
very nice video
-
It's never been clear to me if Adam Smith criticized monopoly on the market or not.
-
Not just England by Britain
-
Anglocentrism at its finest. Richard cantillon and turbot predate smith and didn't have a labor theory of value that inspired that twat Marx.
-
I'm sure little Adam Smith was extremely clever but if my experiences as a teacher are any indication, a mind like this was probably anything but attentive at school. It's much more likely that he spent a lot of his time staring out the window, perhaps overlooking the docks and watching as cargo was loaded and unloaded.
-
Adam Smith shouldn't have been born, otherwise we wouldnt be living in this unfair individualistic unjust world
7m 19sLenght
549Rating