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Michael Meyer, "Benjamin Franklin's Last Bet"

Michael Meyer, "Benjamin Franklin's Last Bet"

FromQ&A


Michael Meyer, "Benjamin Franklin's Last Bet"

FromQ&A

ratings:
Length:
63 minutes
Released:
Apr 4, 2022
Format:
Podcast episode

Description

In his will, Benjamin Franklin left 1000 pounds sterling each to the cities of Boston and Philadelphia. The money was to be loaned out, in small increments and at low-interest rates, to tradesmen who wanted to start their own businesses. Franklin estimated that even with a small rate of return, the trust fund would grow over the years and both cities would end up with large windfalls by the end of the twentieth century. University of Pittsburgh professor Michael Meyer, author of "Benjamin Franklin's Last Bet," discusses Franklin's micro-lending scheme and assesses its legacy.       
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Released:
Apr 4, 2022
Format:
Podcast episode

Titles in the series (100)

C-SPAN's Susan Swain hosts intriguing hour-long conversations with people who are making things happen. New episodes every Sunday evening. From the network that brings you "Washington Today" and "Lectures in History" podcasts.