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1. Adam Smith Liberalism and modern economics 2. Related concepts to Adam Smith • • • • • • • • • • •See Encarta Encyclopedia Laissez-faire Free market…

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1. “Great ambition is the passion of a great character. Those endowed with it may perform very good or very bad acts. All depends on the principles which direct them.”…

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1. LEARNING INTENTIONSLEARNING INTENTIONS • Explain the reasons that Britain became a democracy • These reasons included: • Industrial Revolution • Other countries’…