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Benjamin Franklin

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Benjamin Franklin (January 17, 1706 [O.S. January 6, 1705] – April 17, 1790) was one of the Founding Fathers of the United States. A noted polymath, Franklin was a leading author, printer, political theorist, politician, postmaster, scientist, musician, inventor, satirist, civic activist, statesman, and diplomat. As a scientist, he was a major figure in the American Enlightenment and the history of physics for his discoveries and theories regarding electricity. He invented the lightning rod, bifocals, the Franklin stove, a carriage odometer, and the glass 'armonica'. He facilitated many civic organizations, including a fire department and a university.

Franklin earned the title of "The First American" for his early and indefatigable campaigning for colonial unity; as an author and spokesman in London for several colonies, then as the first United States Ambassador to France, he exemplified the emerging American nation. Franklin was foundational in defining the American ethos as a marriage of the practical values of thrift, hard work, education, community spirit, self-governing institutions, and opposition to authoritarianism both political and religious, with the scientific and tolerant values of the Enlightenment. In the words of historian Henry Steele Commager, "In a Franklin could be merged the virtues of Puritanism without its defects, the illumination of the Enlightenment without its heat." To Walter Isaacson, this makes Franklin "the most accomplished American of his age and the most influential in inventing the type of society America would become."

Franklin, always proud of his working class roots, became a successful newspaper editor and printer in Philadelphia, the leading city in the colonies. He was also partners with William Goddard and Joseph Galloway the three of whom published the Pennsylvania Chronicle, a newspaper that was known for its revolutionary sentiments and criticisms of the British monarchy in the American colonies. He became wealthy publishing Poor Richard's Almanack and The Pennsylvania Gazette.

Franklin gained international renown as a scientist for his famous experiments in electricity and for his many inventions, especially the lightning rod. He played a major role in establishing the University of Pennsylvania and was elected the first president of the American Philosophical Society. Franklin became a national hero in America when he spearheaded the effort to have Parliament repeal the unpopular Stamp Act. An accomplished diplomat, he was widely admired among the French as American minister to Paris and was a major figure in the development of positive Franco-American relations.

For many years he was the British postmaster for the colonies, which enabled him to set up the first national communications network. He was active in community affairs, colonial and state politics, as well as national and international affairs. From 1785 to 1788, he served as governor of Pennsylvania. Toward the end of his life, he freed his slaves and became one of the most prominent abolitionists.

His colorful life and legacy of scientific and political achievement, and status as one of America's most influential Founding Fathers, have seen Franklin honored on coinage and money; warships; the names of many towns, counties, educational institutions, namesakes, and companies; and more than two centuries after his death, countless cultural references.

Companies and Investments

Pennsylvania Chronicle (Partner), Poor Richard's Almanack (Author/Publisher), The Pennsylvania Gazette (Publisher)

Lessons Learned

Interestingly, Ben Franklin did not build his wealth from his famous inventions. Franklin didn't even patent his inventions because he believed everyone should be able to benefit freely from scientific progress.

A key to Franklin's success was his reputation for being hardworking, ambitious, and trustworthy. Being known for these traits, he attracted the support needed to operate in the capital intensive printing industry.

Franklin also surrounded himself with a like minded network of tradesmen and artisans. His network helped him many times in his career in ways such as securing government printing work.

Like other entrepreneurs, Franklin only took risks when they were extremely calculated.

Franklin's approach to invention came from looking at the world and asking how it could be improved. For example, he noticed there were many German speaking settlers in Pennsylvania but no German newspapers. He then filled the market need by launching the Philadelphische Zeitung, the colonies' first German newspaper.

Inspiring Quotes

A thousand acres that can feed a thousand souls is better than ten thousand acres of no more effect.

William Petty

Benjamin Franklin's Quotes

Early to bed and early to rise, makes a man healthy, wealthy, and wise.

Benjamin Franklin

A penny saved is a penny earned.

Benjamin Franklin

By failing to prepare, you are preparing to fail.

Benjamin Franklin

Either write something worth reading or do something worth writing.

Benjamin Franklin

He that is good for making excuses is seldom good for anything else.

Benjamin Franklin

Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants.

Benjamin Franklin

It is the working man who is the happy man. It is the idle man who is the miserable man.

Benjamin Franklin

Influential Books

Benjamin Franklin - Wit and Wisdom from Poor Richard's Almanack (Dover Thrift Editions)

Walter Isaacson - Benjamin Franklin An American Life DECKLE EDGE hardback by Walter Isaacson

Ben Franklin - The Autobiography Of Ben Franklin

Mentors

William Petty, Thomas Denham, Nature and the world around him

References


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