Adam Smith was living in Edinburgh in October 1777 when a distraught friend brought news of the surrender of British General Burgoyne at Saratoga, exclaiming in the deepest distress that the British Empire was ruined.

“There is much ruin in a nation,” Smith replied.


John Trumbull’s 12′ x 18′ painting of Gen. John Burgoyne’s surrender, which hangs in the Rotunda of the US Capitol

Related Articles