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Question

The individual depicted in the illustration above, captioned "The Author of the Wealth of Nations", was responsible for
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A
authoring the Declaration of Independence
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B
developing the foundations of modern capitalism
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C
negotiating an end to the Revolutionary War
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D
achieving victory at the battle of Yorktown
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E
drafting the U.S. Constitution
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Solution

The correct option is B developing the foundations of modern capitalism

The illustration is captioned “The Author of the Wealth of Nations.” This book was published by economist Adam Smith in 1776. It contains principles that form the basis for modern capitalist theory. Smith was a Scottish economist and was not involved in the American colonial events represented in the remaining choices. The Declaration of Independence was authored by Thomas Jefferson, so A is incorrect. The treaty that ended the Revolutionary War was negotiated by John Jay, John Adams, and Benjamin Franklin, so C is incorrect. George Washington led the army that defeated British General Cornwallis at the battle of Yorktown, so D is incorrect. The U.S. Constitution was written in concert by the delegates to the 1787 Constitutional Convention, with James Madison considered by many as the principal author due to his role in drafting the Virginia Plan, so E is incorrect.


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