History of American Business

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Benjamin Franklin

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History of American Business

Definition

Benjamin Franklin was a prominent American polymath, statesman, and inventor who played a crucial role in the founding of the United States. His contributions to the American Enlightenment and his efforts in diplomacy and commerce significantly impacted colonial trade practices and the implementation of the British mercantile system, showcasing the intersection of innovation and economic strategies during that era.

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5 Must Know Facts For Your Next Test

  1. Franklin was a leading figure in promoting the use of small-scale manufacturing and commerce in the colonies, encouraging economic self-sufficiency.
  2. He established the first public lending library in America, which promoted literacy and access to information, aiding in the spread of Enlightenment ideas.
  3. Franklin was instrumental in negotiating the Treaty of Paris (1783), which ended the Revolutionary War, showcasing his diplomatic skills.
  4. His inventions, including the lightning rod and bifocal glasses, reflected his belief in practical science, contributing to advancements that aided colonial life.
  5. As a printer and publisher, Franklin utilized his press to share ideas that challenged British policies and promoted colonial unity against mercantile restrictions.

Review Questions

  • How did Benjamin Franklin's proposals for colonial unity influence the British mercantile system?
    • Benjamin Franklin's proposals for colonial unity, such as the Albany Plan of Union, aimed to create a collaborative approach among the colonies to address external threats and improve trade. By advocating for a unified front, he sought to strengthen colonial interests against British control and encourage self-governance. This notion directly challenged the rigid structures of the British mercantile system that prioritized control over colonial resources rather than cooperative trade practices.
  • Discuss how Franklin’s work as a printer influenced public opinion regarding colonial trade policies.
    • As a printer and publisher, Benjamin Franklin wielded significant influence over public discourse in the colonies. His publications often criticized British mercantile policies that restricted colonial trade and promoted economic dependency. Through platforms like 'Poor Richard's Almanack', he disseminated ideas that encouraged independent thought among colonists, fostering a sense of unity against unjust economic practices imposed by Britain.
  • Evaluate Franklin’s contributions to both diplomacy and economic innovation in shaping American attitudes towards independence from British trade restrictions.
    • Benjamin Franklin's contributions were pivotal in shaping American attitudes towards independence. His diplomatic efforts in securing French support during the Revolutionary War demonstrated the importance of international alliances. Concurrently, his advocacy for local manufacturing and economic innovation encouraged colonists to see the value in self-sufficiency. Together, these efforts fostered a growing sentiment against British trade restrictions, ultimately fueling desires for autonomy and independence from imperial control.
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