Benjamin Franklin – In the 200 Years After His Death – Funded New Businesses, Supported Boston and Philadelphia, and Play Pranks

Benjamin Franklin – In the 200 Years After His Death – Funded New Businesses, Supported Boston and Philadelphia, and Play Pranks

When Benjamin Franklin died on April 12, 1790, he made a final bet on the future of the United States -- a gift of 2,000 pounds to Boston and Philadelphia, to be lent out to tradesmen over the next two centuries to jump start their careers. Each loan would be repaid with interest over ten years. If all went according to Franklin’s inventive scheme, the accrued final payout in 1991 would be a windfall.

Today’s guest is Michael Meyer, author of Benjamin Franklin’s Last Bet. He traces the evolution of these twin funds as they age alongside America itself, bankrolling woodworkers and silversmiths, trade schools and space races. Over time, Franklin’s wager was misused, neglected, and contested—but never wholly extinguished. Franklin’s stake in the “leather-apron” class remains in play to this day, and offers an inspiring blueprint for prosperity in our modern era of growing wealth disparity and social divisions.

See omnystudio.com/listener for privacy information.

Avsnitt(1079)

Truman’s Deep Regret at the Atomic Age He Created

Truman’s Deep Regret at the Atomic Age He Created

In the eight decades since the United States deployed the most destructive weapon ever used, conventional wisdom has held that American leaders were faced with a difficult choice: Invade Japan, which ...

29 Jan 57min

How Soccer Created African and Latin American Nations

How Soccer Created African and Latin American Nations

National pride often comes from shared heritage—like a common language or ethnic background. Religious Nationalism can be seen in historical Russia, where being part of the Orthodox Church was conside...

27 Jan 46min

The Sawmill – Along With Gunpowder and the Printing Press – Created the Modern World

The Sawmill – Along With Gunpowder and the Printing Press – Created the Modern World

The wind-powered sawmill was invented around 1592 in the Netherlands, immediately transforming the nature of labor and industry. This mechanical marvel replaced slow, muscle-powered sawyers, allowing ...

22 Jan 34min

Gears, Gold, and Global Peace: A Steampunk Bitcoin Journey Through an Alternate 20th Century

Gears, Gold, and Global Peace: A Steampunk Bitcoin Journey Through an Alternate 20th Century

We have paper money today because it functioned as an IOU, certifying that the holder could redeem it for an equivalent amount of physical gold or silver from the bank's vault. That’s where the Englis...

20 Jan 1h 5min

Before the Cold War, Russia and America Were the Closest of Distant Friends

Before the Cold War, Russia and America Were the Closest of Distant Friends

Nearly a century of Cold War tensions between the United States and Russia hide the incredibly close friendship that the two nations enjoyed before this period. From America’s colonial founding in the...

15 Jan 46min

The Horrifying Sinking of the Edmund Fitzgerald, the Titanic of the Great Lakes

The Horrifying Sinking of the Edmund Fitzgerald, the Titanic of the Great Lakes

One of the worst nautical disasters in recent American history is the sinking of the SS Edmund Fitzgerald. On November 10, 1975, the “storm of the century” threw 100 mile-per-hour winds and 50-foot wa...

13 Jan 48min

Inside the Deadly German U-Boats That Brought Britain to Its Knees (But Were Deadlier for Their Own Crews)

Inside the Deadly German U-Boats That Brought Britain to Its Knees (But Were Deadlier for Their Own Crews)

Over the course of World War II, Germany’s submariners sank over three thousand Allied ships, nearly three-quarters of Allied shipping losses in all theaters of the war. Winston Churchill famously dec...

8 Jan 41min

Manifest Destiny, Powered by Coal: How “Black Gold” Conquered the American Continent

Manifest Destiny, Powered by Coal: How “Black Gold” Conquered the American Continent

America’s growth from a rugged frontier nation to the globe’s industrial superpower in the space of 100 years can be explained by one word: coal. Before coal dominance, American buildings were defined...

6 Jan 49min

Populärt inom Samhälle & Kultur

en-mork-historia
podme-dokumentar
gynning-berg
p3-dokumentar
svenska-fall
aftonbladet-krim
skaringer-nessvold
mardromsgasten
hor-har
creepypodden-med-jack-werner
killradet
kod-katastrof
flashback-forever
blenda-2
p3-historia
rss-nemo-moter-en-van
vad-blir-det-for-mord
historiska-brott
rss-brottsutredarna
rss-mer-an-bara-morsa