عنوان

Benjamin Franklin and the invention of microfinance /

1848930348

1848930356

9781848930346

9781848930353

b707171

Benjamin Franklin and the invention of microfinance /

[Book]

by Bruce H. Yenawine ; edited by Michele R. Costello.

Brookfield, Vt. :

Pickering & Chatto,

2010.

ix, 221 pages ;

24 cm

Financial history, no. 14

Includes bibliographical references (pages 205-218) and index.

Biography of Bruce Yenawine -- Introduction -- 1 Franklin's Intent: The Autobiographical Origins of the Codicil -- 2 Franklin's Intent: The Sources of Political and Economic Concepts -- 3 Boston: The First Century -- 4 Philadelphia: The First Century -- 5 The Centennial in Boston and Philadelphia -- 6 Boston: The Second Century -- 7 Philadelphia: The Second Century -- 8 Bicentennial: Boston and Philadelphia -- Conclusion -- Appendix A Transcription of the 1789 Codicil -- Appendix B Boston Artisan List -- Appendix C Philadelphia Artisan List -- Appendix D Summary of Litigation and State Laws -- Appendix E Chronology -- Appendix F Franklin's Calculation and Actual Value.

0

In life, Benjamin Franklin sought to manage debt, organize credit, build capital and promote virtue. After death, he continued this work by leaving a codicil to his last will and testament, bequeathing £2,000 to Boston and Philadelphia and to the commonwealths of Massachusetts and Pennsylvania with explicit instructions on how they should utilize the money over the course of the following two hundred years. Franklin intended that the money be used to provide loans to young married artisans to enable them to start small businesses and thereby promote a higher standard of living and a strong moral community. Although the managers put in charge of the endowment did not lend as effectively as Franklin had hoped, the loans did aid numerous small businessmen. Without fully realizing it, Franklin invented an idea that would come to fruition some two centuries later in the global microfinance movement. This study traces the development of that idea and simultaneously enlightens a neglected aspect of American financial history. Advocates of microfinance today will find much of interest in this study, including pitfalls to avoid and old ideas that may bear resuscitation. Publisher's note.

Franklin, Benjamin,1706-1790-- Will.

Franklin, Benjamin, 1706-1790

Franklin, Benjamin,1706-1790.

Franklin, Benjamin.

University of South Alabama

Microfinance-- United States-- History.

Small business-- United States-- Finance-- History.

Finanzierung.

Klein- und Mittelbetrieb.

Kleinunternehmer

Microfinance.

Mikrofinanzierung

Mikrofinanzierung.

Small business-- Finance.

Wills.

United States.

USA.

7

7

Yenawine, Bruce H.,1949-1997.

Costello, Michele R.

20201207221926.0

[Book]

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