Henry Charles Carey
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Henry Charles Carey was an American publisher, political economist, and politician from Pennsylvania. He was the leading 19th-century economist of the American School and a chief economic adviser to U.S. President Abraham Lincoln and Secretary of the Treasury Salmon P. Chase during the American Civil War.
Henry Charles Carey
Carey's father, Mathew, was a leading economist in Philadelphia.
Karl Marx referred to Carey as the "only American economist of importance" and his theories as the chief obstacle to communist revolution in the United States. He pledged to wage "hidden warfare" against Carey.
Carey served as a trusted adviser to President Abraham Lincoln, Secretary of the Treasury Salmon P. Chase, and Representative Justin Smith Morrill, among others. His thinking was the basis for the Morrill Tariff and the National Banking Act of 1863.
Free trade
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Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade.
Political poster from the British Liberal Party displaying their views on the differences between an economy based on free trade and protectionism. The free-trade shop is shown as full to the brim with customers due to its low prices. The shop based upon protectionism is shown as suffering from high prices and a lack of customers, with animosity between the business owner and the regulator.
David Ricardo
Britain waged two Opium Wars to force China to legalize the opium trade and to open all of China to British merchants.
Singapore is the top country in the Enabling Trade Index.