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Benjamin Franklin – In the 200 Years After His Death – Funded New Businesses, Supported Boston and Philadelphia, and Play Pranks
April 28, 2022
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39:55
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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.
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.
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Meet Your Host
Scott Rank is the host of the History Unplugged Podcast and a PhD in history who specialized in the Ottoman Empire and modern Turkey. Before going down the academic route he worked as a journalist in Istanbul. He has written 12 history books on topics ranging from lost Bronze Age civilizations to the Age of Discovery. Some of his books include The Age of Illumination: Science, Technology, and Reason in the Middle Ages and History’s 9 Most Insane Rulers.. Learn more about him by going to scottrankphd.com.
