1. Economic Changes
Today I will identify the changes made to European economies as a result of the Enlightenment.

2. Where we are… Europe had practiced mercantilism
The government regulated the economy
Economy is always doing well
All countries are competing for the same wealth
Where we are…

3. Allows businesses to operate with little or no government interference
Free trade, no tariffs (taxes)
French for “let it be”
Laissez Faire

4. Adam Smith Scottish economist Wrote The Wealth of Nations
Believed that economies would run off of the theory of supply & demand
Adam Smith

5. The idea that every person should be free to go into any business and operate it for maximum profit
Provides jobs, lower prices
Free Enterprise