1.
Pierre S. du Pont
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Pierre Samuel du Pont was an American entrepreneur, businessman, philanthropist and member of the prominent du Pont family. He was president of the E. I. du Pont de Nemours and Company from 1915 to 1919 and he also managed General Motors from 1915-1920, became GMs president in 1920, and served on GMs Board of Directors until 1928. Among other notable accomplishments, he was among the Founding Board of Directors of the Empire State Building which opened in 1931, Du Pont was named after his great-great-grandfather, Pierre Samuel du Pont de Nemours, a French economist and patriarch of the du Pont family. Pierre S. du Pont was born January 15,1870 the family estate near Wilmington and he was the eldest of three sons born to Lammot du Pont and Mary Belin. He graduated with a degree in chemistry from MIT in 1890 and he and his cousin Francis Gurney du Pont developed the first American smokeless powder in 1892 at the Carneys Point plant in New Jersey. Most of the 1890s he spent working with the management at a steel firm partly owned by DuPont, here he learned to deal with money from the companys president, Arthur Moxham. In 1899, unsatisfied with how conservative DuPonts management was, he quit and they set about buying smaller powder firms. Until 1914, during Coleman du Ponts illness, Pierre du Pont served as treasurer, executive vice-president, in 1915, a group headed by Pierre, which included outsiders, bought Colemans stock. Alfred was offended and sued Pierre for breach of trust, the case was settled in Pierres favor four years later, but his relationship with Alfred suffered greatly, and they did not speak after that. Pierre served as DuPonts president until 1919, Pierre gave the DuPont company a modern management structure and modern accounting policies and made the concept of return on investment primary. During World War I, the company very quickly due to advance payments on Allied munition contracts. He also established many other DuPont interests in other industries and he was featured on the cover of Time magazine January 31,1927 issue. That same year he was elected a member of the Delaware Society of the Cincinnati. Pierre du Pont resigned the chairmanship of GM in response to GM President Alfred Sloans dispute with Raskob over Raskobs involvement with the Democratic National Committee, when du Pont retired from its Board of Directors, GM was the largest company in the world. Du Pont was one of the first of many of his members to attend the Massachusetts Institute of Technology. Both his younger brothers, Irénée du Pont and Lammot du Pont II, Du Pont, his relations and the DuPont corporation were generous benefactors over the years, and helped set up multiple endowments, fellowships, scholarships and faculty chairs for the university. When MIT moved to its current location in Cambridge in 1917, Pierre, T. Coleman du Pont and Charles Hayden donated $215,000 to house the Department of Mining Engineering and Metallurgy. Du Pont served on boards and committees, and from 1916-1951 he was a member of the MIT Corporation
2.
French Revolution
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Through the Revolutionary Wars, it unleashed a wave of global conflicts that extended from the Caribbean to the Middle East. Historians widely regard the Revolution as one of the most important events in human history, the causes of the French Revolution are complex and are still debated among historians. Following the Seven Years War and the American Revolutionary War, the French government was deeply in debt, Years of bad harvests leading up to the Revolution also inflamed popular resentment of the privileges enjoyed by the clergy and the aristocracy. Demands for change were formulated in terms of Enlightenment ideals and contributed to the convocation of the Estates-General in May 1789, a central event of the first stage, in August 1789, was the abolition of feudalism and the old rules and privileges left over from the Ancien Régime. The next few years featured political struggles between various liberal assemblies and right-wing supporters of the intent on thwarting major reforms. The Republic was proclaimed in September 1792 after the French victory at Valmy, in a momentous event that led to international condemnation, Louis XVI was executed in January 1793. External threats closely shaped the course of the Revolution, internally, popular agitation radicalised the Revolution significantly, culminating in the rise of Maximilien Robespierre and the Jacobins. Large numbers of civilians were executed by revolutionary tribunals during the Terror, after the Thermidorian Reaction, an executive council known as the Directory assumed control of the French state in 1795. The rule of the Directory was characterised by suspended elections, debt repudiations, financial instability, persecutions against the Catholic clergy, dogged by charges of corruption, the Directory collapsed in a coup led by Napoleon Bonaparte in 1799. The modern era has unfolded in the shadow of the French Revolution, almost all future revolutionary movements looked back to the Revolution as their predecessor. The values and institutions of the Revolution dominate French politics to this day, the French Revolution differed from other revolutions in being not merely national, for it aimed at benefiting all humanity. Globally, the Revolution accelerated the rise of republics and democracies and it became the focal point for the development of all modern political ideologies, leading to the spread of liberalism, radicalism, nationalism, socialism, feminism, and secularism, among many others. The Revolution also witnessed the birth of total war by organising the resources of France, historians have pointed to many events and factors within the Ancien Régime that led to the Revolution. Over the course of the 18th century, there emerged what the philosopher Jürgen Habermas called the idea of the sphere in France. A perfect example would be the Palace of Versailles which was meant to overwhelm the senses of the visitor and convince one of the greatness of the French state and Louis XIV. Starting in the early 18th century saw the appearance of the sphere which was critical in that both sides were active. In France, the emergence of the public sphere outside of the control of the saw the shift from Versailles to Paris as the cultural capital of France. In the 1750s, during the querelle des bouffons over the question of the quality of Italian vs, in 1782, Louis-Sébastien Mercier wrote, The word court no longer inspires awe amongst us as in the time of Louis XIV
3.
DuPont
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In the 20th century, DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, Corfam, and Lycra. DuPont developed Freon for the refrigerant industry, and later more environmentally friendly refrigerants and it also developed synthetic pigments and paints including ChromaFlair. In 2014, DuPont was the fourth largest chemical company based on market capitalization. Its stock price is a component of the Dow Jones Industrial Average, DuPont was founded in 1802 by Éleuthère Irénée du Pont, using capital raised in France and gunpowder machinery imported from France. It began as a manufacturer of gunpowder, as du Pont noticed that the industry in North America was lagging behind Europe, the Eleutherian Mills site is now a museum and a National Historic Landmark. DuPont continued to expand, moving into the production of dynamite, in 1902, DuPonts president, Eugene du Pont, died, and the surviving partners sold the company to three great-grandsons of the original founder. Charles Lee Reese was appointed as director and the company began centralizing their research departments, the company subsequently purchased several smaller chemical companies, and in 1912 these actions gave rise to government scrutiny under the Sherman Antitrust Act. The courts declared that the dominance of the explosives business constituted a monopoly. The court ruling resulted in the creation of the Hercules Powder Company, at the time of divestment, DuPont retained the single base nitrocellulose powders, while Hercules held the double base powders combining nitrocellulose and nitroglycerine. DuPont subsequently developed the Improved Military Rifle line of smokeless powders, in 1910, DuPont published a brochure entitled Farming with Dynamite. DuPont also established two of the first industrial laboratories in the United States, where began the work on cellulose chemistry, lacquers. DuPont Central Research was established at the DuPont Experimental Station, across the Brandywine Creek from the powder mills. In 1914, Pierre S. du Pont invested in the automobile industry. The following year he was invited to sit on GMs board of directors, the DuPont company would assist the struggling automobile company further with a $25 million purchase of GM stock. In 1920, Pierre S. du Pont was elected president of General Motors, under du Ponts guidance, GM became the number one automobile company in the world. However, in 1957, because of DuPonts influence within GM, in the 1920s, DuPont continued its emphasis on materials science, hiring Wallace Carothers to work on polymers in 1928. Carothers invented neoprene, a rubber, the first polyester superpolymer. The invention of Teflon followed a few years later, DuPont introduced phenothiazine as an insecticide in 1935
4.
Huguenots
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Huguenots are the ethnoreligious group of French Protestants who follow the Reformed tradition. It was used frequently to members of the French Reformed Church until the beginning of the 19th century. The term has its origin in 16th-century France, Huguenot numbers peaked near an estimated two million by 1562, concentrated mainly in the southern and western parts of France. As Huguenots gained influence and more openly displayed their faith, Catholic hostility grew, in spite of political concessions, a series of religious conflicts followed, known as the French Wars of Religion, fought intermittently from 1562 to 1598. The Huguenots were led by Jeanne dAlbret, her son, the future Henry IV, the wars ended with the Edict of Nantes, which granted the Huguenots substantial religious, political, and military autonomy. Huguenot rebellions in the 1620s prompted the abolishment of their political and they retained religious provisions of the Edict of Nantes until the rule of Louis XIV. Nevertheless, a minority of Huguenots remained and faced continued persecution under Louis XV. By the death of Louis XV in 1774, French Calvinism was almost completely wiped out, persecution of Protestants officially ended with the Edict of Versailles, signed by Louis XVI in 1787. Two years later, with the Declaration of the Rights of Man and Citizen of 1789 and they also spread to the Dutch Cape Colony in South Africa, the Dutch East Indies, the Caribbean, New Netherland, and several of the English colonies in North America. Small contingents of families went to Orthodox Russia and Catholic Quebec, a term used originally in derision, Huguenot has unclear origins. Geneva was John Calvins adopted home and the centre of the Calvinist movement, the label Huguenot was purportedly first applied in France to those conspirators involved in the Amboise plot of 1560, a foiled attempt to wrest power in France from the influential House of Guise. The move would have had the effect of fostering relations with the Swiss. Thus, Hugues plus Eidgenosse by way of Huisgenoten supposedly became Huguenot, a version of this complex hypothesis is promoted by O. I. A. Roche, who writes in his book, The Days of the Upright, A History of the Huguenots, that Huguenot is, a combination of a Dutch and a German word. Gallicised into Huguenot, often used deprecatingly, the word became, Some disagree with such double or triple non-French linguistic origins, arguing that for the word to have spread into common use in France, it must have originated in the French language. The Hugues hypothesis argues that the name was derived by association with Hugues Capet, king of France and he was regarded by the Gallicans and Protestants as a noble man who respected peoples dignity and lives. Janet Gray and other supporters of the hypothesis suggest that the name huguenote would be equivalent to little Hugos. It was in place in Tours that the prétendus réformés habitually gathered at night
5.
French nobility
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The French nobility was a privileged social class in France during the Middle Ages and the Early Modern period to the revolution in 1790. The nobility was revived in 1805 with limited rights as an elite class from the First Empire to the fall of the July Monarchy in 1848. Hereditary titles, without privileges, continued to be granted until the Second Empire fell in 1870 and they survive among their descendants as a social convention and as part of the legal name of the corresponding individuals. In the political system of pre-Revolutionary France, the nobility made up the Second Estate of the Estates General, although membership in the noble class was mainly inherited, it was not a fully closed order. New individuals were appointed to the nobility by the monarchy, or they could purchase rights and titles, sources differ about the actual number of nobles in France, however, proportionally, it was among the smallest noble classes in Europe. For the year 1789, French historian François Bluche gives a figure of 140,000 nobles and states that about 5% of nobles could claim descent from feudal nobility before the 15th century, with a total population of 28 million, this would represent merely 0. 5%. Historian Gordon Wright gives a figure of 300,000 nobles, in terms of land holdings, at the time of the revolution, noble estates comprised about one-fifth of the land. The French nobility had specific legal and financial rights and prerogatives, the first official list of these prerogatives was established relatively late, under Louis XI after 1440, and included the right to hunt, to wear a sword and, in principle, to possess a seigneurie. Nobles were also granted an exemption from paying the taille, except for lands they might possess in some regions of France. Furthermore, certain ecclesiastic, civic, and military positions were reserved for nobles and these feudal privileges are often termed droits de féodalité dominante. With the exception of a few isolated cases, serfdom had ceased to exist in France by the 15th century, in early modern France, nobles nevertheless maintained a great number of seigneurial privileges over the free peasants that worked lands under their control. They could, for example, levy the tax, an annual tax on lands leased or held by vassals. Nobles could also charge banalités for the right to use the lords mills, ovens, alternatively, a noble could demand a portion of vassals harvests in return for permission to farm land he owned. In the 17th century this system was established in Frances North American possessions. However, the also had responsibilities. Nobles were required to honor, serve, and counsel their king and they were often required to render military service. The rank of noble was forfeitable, certain activities could cause dérogeance, most commercial and manual activities were strictly prohibited, although nobles could profit from their lands by operating mines and forges. The nobility in France was never a closed class
6.
Burgundy
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Burgundy is a historical territory and a former administrative region of east-central France, entities that trace their name from the Burgundians, a Germanic people. Historically, Burgundy has referred to political entities, including kingdoms. The first known inhabitants of the area that became Burgundy were Celts, during the 4th century, the Burgundians, a Germanic people, who may have originated in Bornholm, settled in the western Alps. They founded the Kingdom of the Burgundians, which was conquered in the 6th century by another Germanic tribe, under Frankish dominion, the Kingdom of Burgundy continued for several centuries. Later, the region was divided between the Duchy of Burgundy and the Free County of Burgundy, burgundys modern existence is rooted in the dissolution of the Frankish Empire. In the 880s, there were four Burgundies, which were the Kingdom of Upper and Lower Burgundy, the duchy, during the Middle Ages, Burgundy was the seat of some of the most important Western churches and monasteries, among them Cluny, Cîteaux, and Vézelay. During the Hundred Years War, King John II of France gave the duchy to his youngest son, the duchy soon became a major rival to the crown. The court in Dijon outshone the French court both economically and culturally, in 1477, at the battle of Nancy during the Burgundian Wars, the last duke Charles the Bold was killed in battle, and the Duchy itself was annexed by France and became a province. However the northern part of the empire was taken by the Austrian Habsburgs, with the French Revolution in the end of the 18th century, the administrative units of the provinces disappeared, but were reconstituted as regions during the Fifth Republic in the 1970s. The modern-day administrative region comprises most of the former duchy, as of he region of Burgundy is both larger than the old Duchy of Burgundy and smaller than the area ruled by the Dukes of Burgundy, from the modern Netherlands to the border of Auvergne. Today, Burgundy is made up of the old provinces, Burgundy, Côte-dOr, Saône-et-Loire and this corresponds to the old duchy of Burgundy. However, the old county of Burgundy is not included inside the Burgundy region, also, a small part of the duchy of Burgundy is now inside the Champagne-Ardenne region. Nivernais, now the department of Nièvre, the climate of this region is essentially oceanic, with a continental influence. The regional council of Burgundy is the legislative assembly, the council has been chaired by the Socialist François Patriat since 2004. The councils seat is in the capital city Dijon, at 17 boulevard de la Trémouille, Burgundy is one of Frances main wine producing areas. The region is divided into the Côte-dOr, where the most expensive and prized Burgundies are found, and Beaujolais, Chablis, with regard to cuisine, the region is famous for the Burgundian dishes coq au vin, beef bourguignon, and époisses de Bourgogne cheese. Earlier, the part of Burgundy was heavily industrial, with coal mines near Montceau-les-Mines and iron foundries. These industries declined in the half of the twentieth century
7.
Louis XV of France
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Louis XV, known as Louis the Beloved, was a monarch of the House of Bourbon who ruled as King of France and Navarre from 1 September 1715 until his death. He succeeded his great-grandfather Louis XIV at the age of five, Cardinal Fleury was his chief minister from 1726 until the Cardinals death in 1743, at which time the young king took sole control of the kingdom. During his reign, Louis returned the Austrian Netherlands, territory won at the Battle of Fontenoy of 1745, Louis also ceded New France in North America to Spain and Great Britain at the conclusion of the Seven Years War in 1763. He incorporated the territories of Lorraine and Corsica into the kingdom of France and he was succeeded by his grandson Louis XVI in 1774. French culture and influence were at their height in the first half of the eighteenth century, however, many scholars believe that Louis XVs decisions damaged the power of France, weakened the treasury, discredited the absolute monarchy, and made it more vulnerable to distrust and destruction. Evidence for this view is provided by the French Revolution, which broke out 15 years after his death, norman Davies characterized Louis XVs reign as one of debilitating stagnation, characterized by lost wars, endless clashes between the Court and Parliament, and religious feuds. A few scholars defend Louis, arguing that his negative reputation was based on propaganda meant to justify the French Revolution. Jerome Blum described him as a perpetual adolescent called to do a mans job, Louis XV was born in the Palace of Versailles on 15 February 1710 during the reign of Louis XIV. His grandfather, Louis Le Grand Dauphin, had three sons with his wife Marie Anne Victoire of Bavaria, Louis, Duke of Burgundy, Philippe, Duke of Anjou, and Charles, Duke of Berry. Louis XV was the son of the Duke of Burgundy and his wife Marie Adélaïde of Savoy, the eldest daughter of Victor Amadeus II, Duke of Savoy. At birth, Louis XV received a title for younger sons of the French royal family. In April 1711, Louis Le Grand Dauphin suddenly died, making Louis XVs father, the Duke of Burgundy, at that time, Burgundy had two living sons, Louis, Duke of Brittany and his youngest son, the future Louis XV. A year later, Marie Adélaïde, Duchess of Burgundy, contracted smallpox and her husband, said to be heartbroken by her death, died the same week, also having contracted smallpox. Within a week of his death, it was clear that the two children had also been infected. The elder son was treated by bloodletting in an unsuccessful effort to save him. Fearing that the Dauphin would die, the Court had both the Dauphin and the Duke of Anjou baptised, the Dauphin died the same day,8 March 1712. His younger brother, the Duke of Anjou, was treated by his governess, Madame de Ventadour. The two year old Dauphin survived the smallpox, on 1 September 1715, Louis XIV died of gangrene, having reigned for 72 years
8.
Madame de Pompadour
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She took charge of the king’s schedule and was a valued aide and advisor, despite her frail health and many political enemies. She secured titles of nobility for herself and her relatives, and built a network of clients and she was particularly careful not to alienate the Queen, Marie Leszczyńska. On February 8,1756, the Marquise de Pompadour was named as the lady in waiting to the queen, a position considered the most prestigious at the court. She was a patron of architecture and decorative arts, such as porcelain. She was a patron of the philosophes of the Enlightenment, including Voltaire, Jeanne Antoinette Poisson, otherwise known as Reinette to her friends, was born on 29 December 1721 in Paris to François Poisson and his wife Madeleine de La Motte. It is suspected that her father was either the rich financier Pâris de Montmartel or the tax collector Le Normant de Tournehem. Her younger brother was Abel-François Poisson de Vandières, who became the Marquis de Marigny. Poisson was intelligent, beautiful and refined and she spent her early childhood at the Ursuline convent in Poissy where she received a good education. At the age of 9 in 1730 she returned to Paris under the care of her mother Madame Poisson, the fortune teller told her then that she would one day be the mistress of King Louis XV. From then on Madame Poisson thought, her daughter was destined for greatness and she must provide the means and opportunities to help her achieve it. So her mother took charge of her education at home by hiring tutors who taught her to recite entire plays by heart, play the clavichord, dance, sing, paint. She became an actress and singer, and also attended Pariss Club de lEntresol. On 15 December 1740, Tournehem made his nephew his sole heir, disinheriting all his nephews and nieces. These included the estate at Étiolles, a gift from her guardian. With her husband, she had two children, a boy who died a year after his birth in 1741 and Alexandrine-Jeanne, born 10 August 1744 and died June 1754. Contemporary opinion supported by artwork from the considered the young Mme dÉtiolles to be beautiful, with her small mouth. Her young husband was soon infatuated with her and she was celebrated in the world of Paris. She founded her own salon, at Étiolles, and was joined by many philosophes, as Jeanne Antoinette became known in society, King Louis XV came to hear of her
9.
Voltaire
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Voltaire was a versatile writer, producing works in almost every literary form, including plays, poems, novels, essays, and historical and scientific works. He wrote more than 21,000 letters and over two books and pamphlets. He was an advocate of civil liberties, despite the risk this placed him in under the strict censorship laws of the time. As a satirical polemicist, he made use of his works to criticize intolerance, religious dogma. Some speculation surrounds Voltaires date of birth, because he claimed he was born on 20 February 1694 as the son of a nobleman. Two of his older brothers—Armand-François and Robert—died in infancy and his brother, Armand. Nicknamed Zozo by his family, Voltaire was baptized on 22 November 1694, with François de Castagnère, abbé de Châteauneuf, and Marie Daumard, the wife of his mothers cousin, standing as godparents. He was educated by the Jesuits at the Collège Louis-le-Grand, where he was taught Latin, theology, and rhetoric, later in life he became fluent in Italian, Spanish, and English. By the time he left school, Voltaire had decided he wanted to be a writer, against the wishes of his father, Voltaire, pretending to work in Paris as an assistant to a notary, spent much of his time writing poetry. When his father out, he sent Voltaire to study law. Nevertheless, he continued to write, producing essays and historical studies, Voltaires wit made him popular among some of the aristocratic families with whom he mixed. In 1713, his father obtained a job for him as a secretary to the new French ambassador in the Netherlands, the marquis de Châteauneuf, at The Hague, Voltaire fell in love with a French Protestant refugee named Catherine Olympe Dunoyer. Their scandalous affair was discovered by de Châteauneuf and Voltaire was forced to return to France by the end of the year, Most of Voltaires early life revolved around Paris. From early on, Voltaire had trouble with the authorities for critiques of the government and these activities were to result in two imprisonments and a temporary exile to England. One satirical verse, in which Voltaire accused the Régent of incest with his own daughter, the Comédie-Française had agreed in January 1717 to stage his debut play, Œdipe, and it opened in mid-November 1718, seven months after his release. Its immediate critical and financial success established his reputation, both the Régent and King George I of Great Britain presented Voltaire with medals as a mark of their appreciation. He mainly argued for tolerance and freedom of thought. He campaigned to eradicate priestly and aristo-monarchical authority, and supported a constitutional monarchy that protects peoples rights, the author adopted the name Voltaire in 1718, following his incarceration at the Bastille
10.
Free trade
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Free trade is one of the most debated topics in economics of the 19th, 20th, and 21st century. Arguments over free trade can be divided into economic, moral, the World Trade Organization was created to open up markets and promote international trade based on the Free Trade paradigm. The WTO creates and monitors agreements to reduce trade barriers, and arbitrates in disputes over foreign market access and its definition of Free Trade is trade on a level playing field, so that the unlimited exchange of goods between countries is not necessarily Free. Therefore, any import restriction makes the domestic society as a whole worse off than it would be with unlimited imports, the artificial handicap of a foreign subsidy seems much less just to local production than advantages deriving from geography, natural resources, or native skill. Electorates often prefer fairplay to Utilitarian considerations, if trade barriers are already low, the threat of a trade war of tit-for-tat tariff increases may reduce the temptation for either partner in bilateral trade to raise import barriers. It would tend to decrease the power and revenue flowing to government bureaucrats. In the history of trade, two types of arguments have been advanced in favor of allowing purchases from abroad, and free trade in the broader sense. One set of arguments for free trade could be classified as moral arguments listed below, another set of arguments is essentially economic, that free trade will make society more prosperous. These are mostly technical arguments from the discipline of economics, starting especially with Smiths The Wealth of Nations, the 18th and 19th century intellectuals who backed free trade rarely did so under the rubric of increasing material wealth. In many cases this was given as the least important reason for free trade, rather, they argued that international society would be improved by increased commerce. Some of these, and later, sociopolitical arguments are listed here, adam Smith thought that protectionism against free trade was a scam on the public on behalf of producers, carried out in the name of nationalism. Even if overall economic interests had not been harmed by tariffs, classical economic analysis shows that free trade increases the global level of output because free trade permits specialization among countries. Specialization allows nations to devote their resources to the production of the particular goods. The benefits of specialization, coupled with economies of scale, increase the production possibility frontier. An increase in the production possibility frontier indicates that the absolute quantity of goods. Not only are the quantity of goods and services higher. Free trade policies are often associated with general laissez-faire economic politics and parties, voluntary exchange, by virtue of its voluntary nature, is assumed to be beneficial to the parties involved—why else would they engage in the exchange. Thus, the restriction of voluntary exchange restricts commerce and ultimately the accumulation of wealth in the absence of real-world externalities such as infant industry protection, here is the production possibilities frontier for a fictional country, Country A
11.
Adam Smith
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Adam Smith FRSA was a Scottish economist, philosopher, and author. He was a philosopher, a pioneer of political economy. He is best known for two works, The Theory of Moral Sentiments, and An Inquiry into the Nature. The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford, after graduating, he delivered a successful series of public lectures at Edinburgh, leading him to collaborate with David Hume during the Scottish Enlightenment. Smith obtained a professorship at Glasgow teaching moral philosophy, and during this time he wrote, in his later life, he took a tutoring position that allowed him to travel throughout Europe, where he met other intellectual leaders of his day. Smith laid the foundations of free market economic theory. The Wealth of Nations was a precursor to the academic discipline of economics. In this and other works, he developed the concept of division of labour, Smith was controversial in his own day and his general approach and writing style were often satirised by Tory writers in the moralising tradition of William Hogarth and Jonathan Swift. In 2005, The Wealth of Nations was named among the 100 Best Scottish Books of all time, the minor planet 12838 Adamsmith was named in his memory. Smith was born in Kirkcaldy, in the County of Fife and his father, also Adam Smith, was a Scottish Writer to the Signet, advocate, and prosecutor and also served as comptroller of the Customs in Kirkcaldy. In 1720 he married Margaret Douglas, daughter of the landed Robert Douglas of Strathendry and his father died two months after he was born, leaving his mother a widow. The date of Smiths baptism into the Church of Scotland at Kirkcaldy was 5 June 1723, and this has often been treated as if it were also his date of birth, Smith was close to his mother, who probably encouraged him to pursue his scholarly ambitions. He attended the Burgh School of Kirkcaldy—characterised by Rae as one of the best secondary schools of Scotland at that period—from 1729 to 1737, he learned Latin, mathematics, history, Smith entered the University of Glasgow when he was fourteen and studied moral philosophy under Francis Hutcheson. Here, Smith developed his passion for liberty, reason, in 1740 Smith was the graduate scholar presented to undertake postgraduate studies at Balliol College, Oxford, under the Snell Exhibition. Adam Smith considered the teaching at Glasgow to be far superior to that at Oxford, according to William Robert Scott, The Oxford of time gave little if any help towards what was to be his lifework. Nevertheless, Smith took the opportunity while at Oxford to teach several subjects by reading many books from the shelves of the large Bodleian Library. When Smith was not studying on his own, his time at Oxford was not a happy one, near the end of his time there, Smith began suffering from shaking fits, probably the symptoms of a nervous breakdown
