The first wave of European imperialism began in
a. the early fourteenth century.
b. the early fifteenth century.
c. the late fifteenth century.
d. the early sixteenth century.
e. the late eighteenth century.
Question 2
Adam Smith, in his treatise, The Wealth of Nations, argued that
a. mercantilism was the best way to ensure state security.
b. wealth came from the goods and services purchased, not merely the accumulation of precious metals.
c. military expansion abroad was an inevitable product of capitalism.
d. imperialism was a result of the inter-European competition for dominance.
e. governments must heavily regulate the economy to ensure it ran smoothly.