An Inquiry into the Nature and Causes of the Wealth of NationsSmith, Adam
History
An Inquiry into the Nature and Causes of the Wealth of Nations
Smith, Adam
Economics
But though North America is not yet so rich as England, it is much more
thriving, and advancing with much greater rapidity to the further
acquisition of riches. The most decisive mark of the prosperity of any
country is the increase of the number of its inhabitants. In Great
Britain, and most other European countries, they are not supposed to
double in less than five hundred years. In the British colonies in North
America, it has been found that they double in twenty or five-and-twenty
years. Nor in the present times is this increase principally owing to the
continual importation of new inhabitants, but to the great multiplication
of the species. Those who live to old age, it is said, frequently see
there from fifty to a hundred, and sometimes many more, descendants from
their own body. Labour is there so well rewarded, that a numerous family
of children, instead of being a burden, is a source of opulence and
prosperity to the parents. The labour of each child, before it can leave
their house, is computed to be worth a hundred pounds clear gain to them.
A young widow with four or five young children, who, among the middling or
inferior ranks of people in Europe, would have so little chance for a
second husband, is there frequently courted as a sort of fortune. The
value of children is the greatest of all encouragements to marriage. We
cannot, therefore, wonder that the people in North America should
generally marry very young. Notwithstanding the great increase occasioned
by such early marriages, there is a continual complaint of the scarcity of
hands in North America. The demand for labourers, the funds destined for
maintaining them increase, it seems, still faster than they can find
labourers to employ.
Public-domain text, read in full here on John Shaqi.
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