Economics & Trade
The economics of empire and revolution in 1777, from Adam Smith's market theory and Watt's steam engine to privateering, war finance, and colonial trade reform.
Every Economics & Trade article in the 1777 knowledge base. Use the topic filters to narrow by sub-topic.
Franco-American Diplomatic Breakthrough (1777–1778)
The year 1777 marks a critical turning point in the diplomatic and commercial relationship betwee...
Spanish Bourbon Reforms and Colonial Administrative Reorg...
In 1777, Spain's Bourbon monarchy under Charles III accelerated the most ambitious phase of its c...
Warren Hastings and the East India Company in 1777
In 1777, Warren Hastings consolidated his authority as Governor-General of Bengal — the highest p...
Robert Morris and the Financing of the Continental Army i...
In 1777, Philadelphia merchant Robert Morris became the crucial financier of the Continental Army...
James Watt's Steam Engine Improvements & Commercial Deplo...
In 1777, James Watt and Matthew Boulton achieved two landmark developments that transformed the s...
American Privateering During the Revolutionary War
American privateering became a primary economic weapon of the Revolutionary War, operating at pea...
Adam Smith's The Wealth of Nations — Economic Philosophy ...
Adam Smith's seminal work *The Wealth of Nations*, published on March 9, 1776, achieved immediate...