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George Whatley
George Whatley (died 1791) was an English lawyer, a friend and correspondent of Benjamin Franklin. He was also Vice President (1772–1779) and Treasurer (1779–1791) of the Foundling Hospital in London. Whatley was the author of '' Principles of Trade'', published in 1774, which expounded the benefits of ''laissez faire'' economics, allied to free trade. Some sources claim Franklin co-authored the book with Whatley, while Franklin gives full credit to Whatley. Jared Sparks in ''The Works of Benjamin Franklin'' 1840, credits Franklin for the notes: these are in the view of noted economist Jacob Viner, superior to the text. Whatley's portrait by an unknown painter is part of the Foundling Hospital art collection, at the Foundling Museum The Foundling Museum in Brunswick Square, London tells the story of the Foundling Hospital, Britain's first home for children at risk of abandonment. The museum houses the nationally important Foundling Hospital Collection as well as the Ger ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benjamin Franklin
Benjamin Franklin ( April 17, 1790) was an American polymath who was active as a writer, scientist, inventor, statesman, diplomat, printer, publisher, and political philosopher. Encyclopædia Britannica, Wood, 2021 Among the leading intellectuals of his time, Franklin was one of the Founding Fathers of the United States, a drafter and signer of the United States Declaration of Independence, and the first United States Postmaster General. As a scientist, he was a major figure in the American Enlightenment and the history of physics for his studies of electricity, and for charting and naming the current still known as the Gulf Stream. As an inventor, he is known for the lightning rod, bifocals, and the Franklin stove, among others. He founded many civic organizations, including the Library Company, Philadelphia's first fire department, and the University of Pennsylvania. Isaacson, 2004, p. Franklin earned the title of "The First American" for his early and indefa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foundling Hospital
The Foundling Hospital in London, England, was founded in 1739 by the philanthropic sea captain Thomas Coram. It was a children's home established for the "education and maintenance of exposed and deserted young children." The word "hospital" was used in a more general sense than it is in the 21st century, simply indicating the institution's "hospitality" to those less fortunate. Nevertheless, one of the top priorities of the committee at the Foundling Hospital was children's health, as they combated smallpox, fevers, consumption, dysentery and even infections from everyday activities like teething that drove up mortality rates and risked epidemics. With their energies focused on maintaining a disinfected environment, providing simple clothing and fare, the committee paid less attention to and spent less on developing children's education. As a result, financial problems would hound the institution for years to come, despite the growing "fashionableness" of charities like the hos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Principles Of Trade
A principle is a proposition or value that is a guide for behavior or evaluation. In law, it is a rule that has to be or usually is to be followed. It can be desirably followed, or it can be an inevitable consequence of something, such as the laws observed in nature or the way that a system is constructed. The principles of such a system are understood by its users as the essential characteristics of the system, or reflecting system's designed purpose, and the effective operation or use of which would be impossible if any one of the principles was to be ignored. A system may be explicitly based on and implemented from a document of principles as was done in IBM's 360/370 ''Principles of Operation''. Examples of principles are, entropy in a number of fields, least action in physics, those in descriptive comprehensive and fundamental law: doctrines or assumptions forming normative rules of conduct, separation of church and state in statecraft, the central dogma of molecular biolo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laissez Faire
''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of ''laissez-faire'' proposed a ''impôt unique'', a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production. Proponents of ''lai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. 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. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jared Sparks
Jared Sparks (May 10, 1789 – March 14, 1866) was an American historian, educator, and Unitarian minister. He served as President of Harvard College from 1849 to 1853. Biography Born in Willington, Connecticut, Sparks studied in the common schools, worked for a time at the carpenter's trade, and then became a schoolteacher. In 1809–1811, he attended the Phillips Exeter Academy, where he met John G. Palfrey, who became a lifelong friend. He graduated from Harvard College, (now Harvard University), with an A.B. in 1815, and an A.M. in 1818. While an undergraduate, Sparks was a member of the Hasty Pudding. In 1812, he served as a tutor to the children of a family in Havre de Grace, Maryland. A few years later he taught in a private school at Lancaster, Massachusetts during 1815–1817. Sparks also studied theology and was college tutor in mathematics and natural philosophy at Harvard College in 1817–1819. In 1817–1818 he was acting editor of the ''North American Review ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacob Viner
Jacob Viner (3 May 1892 – 12 September 1970) was a Canadian economist and is considered with Frank Knight and Henry Simons to be one of the "inspiring" mentors of the early Chicago school of economics in the 1930s: he was one of the leading figures of the Chicago faculty. Paul Samuelson named Viner (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Frank Knight, Wesley Clair Mitchell, and Henry Schultz) as one of the several "American saints in economics" born after 1860. He was an important figure in the field of political economy. Early life Viner was born to a Jewish family on May 3, 1892, in Montreal, Quebec, to Romanian immigrant parents. He earned his undergraduate degree at McGill University in 1914. He received a PhD at Harvard University, where he wrote his dissertation, under the trade economist F. W. Taussig. Academic career Viner was a professor at the University of Chicago from 1916 to 1917 and from 1919 to 1946. At various times, Vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foundling Museum
The Foundling Museum in Brunswick Square, London tells the story of the Foundling Hospital, Britain's first home for children at risk of abandonment. The museum houses the nationally important Foundling Hospital Collection as well as the Gerald Coke Handel Collection, an internationally important collection of material relating to Handel and his contemporaries. After a major building refurbishment the museum was reopened to the public in June 2004. The museum explores the history of the Foundling Hospital, which continues today as the children's charity Coram.The Foundling Museum Guide Book, Second edition, 2009 Artists such as William Hogarth and the composer George Frideric Handel are central to the Hospital story and today the museum celebrates the ways in which creative people have helped improve children's lives for over 275 years. It is a member of The London Museums of Health & Medicine group. History The Foundling Hospital was established by the philanthropist Thomas Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Year Of Birth Missing
A year or annus is the orbital period of a planetary body, for example, the Earth, moving in its orbit around the Sun. Due to the Earth's axial tilt, the course of a year sees the passing of the seasons, marked by change in weather, the hours of daylight, and, consequently, vegetation and soil fertility. In temperate and subpolar regions around the planet, four seasons are generally recognized: spring, summer, autumn and winter. In tropical and subtropical regions, several geographical sectors do not present defined seasons; but in the seasonal tropics, the annual wet and dry seasons are recognized and tracked. A calendar year is an approximation of the number of days of the Earth's orbital period, as counted in a given calendar. The Gregorian calendar, or modern calendar, presents its calendar year to be either a common year of 365 days or a leap year of 366 days, as do the Julian calendars. For the Gregorian calendar, the average length of the calendar year (the mea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1791 Deaths
Events January–March * January 1 – Austrian composer Joseph Haydn arrives in England, to perform a series of concerts. * January 2 – Northwest Indian War: Big Bottom Massacre – The war begins in the Ohio Country, with this massacre. * January 12 – Holy Roman troops reenter Liège, heralding the end of the Liège Revolution, and the restoration of its Prince-Bishops. * January 25 – The British Parliament passes the Constitutional Act 1791, splitting the old province of Quebec into Upper and Lower Canada. * February 8 – The Bank of the United States, based in Philadelphia, is incorporated by the federal government with a 20-year charter and started with $10,000,000 capital.''Harper's Encyclopaedia of United States History from 458 A. D. to 1909'', ed. by Benson John Lossing and, Woodrow Wilson (Harper & Brothers, 1910) p169 * February 21 – The United States opens diplomatic relations with Portugal. * March 2 – ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
