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Showing posts from December, 2022

Episode 9 - Ben Franklin Bets on America

America’s wisest old man was writing his last will and testament. Benjamin Franklin had followed his own life advice and been frugal with his money, unlike some of the more debt-ridden big spenders of the Revolutionary generation like Thomas Jefferson, who asked the state of Virginia to let him conduct a lottery in order to pay off his $170,000 in debt, which would be about two million dollars today. And this in spite of his free labor force and a number of high-paying government jobs. He had plenty of people to leave his fortune to – his son William Franklin, former royal governor of New Jersey. His grandson, Temple Franklin, who had been Ben’s secretary during the negotiations with France that got the colonies some much-needed assistance with that whole “give the British a whuppin’” thing. Sally Bache, his daughter. Benjamin Bache, Sally’s son. Or even his sister Jane Franklin. Everyone in the family got a little something. William got debt-forgiveness for all the money he had borrow