An Inquiry Into the Nature and Causes of the Wealth of NationsSmith, Adam
General
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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