In The Wealth of Nations Smith's general message was that governments should refrain from interfering in trade and the economy. He believed that the "invisible hand", which was a basically one's own self-interest, would guide the economy forward. It would lead to competition and variety in products. These beliefs set up his concept for capitalism, which was based on a free-market trading system that operated without government interference and regulations. His ideas would impact Turgot, a Frenchman who created a law that abolished French guilds, which were basically government supported monopolies. Smith's ideas would also influence the Americas who would adopt the belief of minimal government interference in markets and trade. The belief in
