Adam Smith allows factory level buildings to be built in the colonies. Factories allow the production of 1 and 1/2 units of manufactured goods for each unit of raw materials.
Adam Smith is one of the Colonization Founding Fathers, from the Trade category. When Smith is in your Congress, you receive the ability to build "factory" buildings, which produce 1.5 manufactured goods per unit of raw material.
Factory buildings are:
|Iron works||Blacksmith's shop||Ore||Tools|
|Cigar factory||Tobacconist's shop||Tobacco||Cigars|
|Textile mill||Weaver's shop||Cotton||Cloth|
|Rum factory||Rum distillery||Sugar||Rum|
|Fur factory||Fur trading post||Furs||Coats|
A colony must have a population of 8 to construct any factory building.