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Franklin, Benjamin

Benjamin Franklin was an extraordinary individual. He was not only a founding father of the United States but also a writer, an inventor, a diplomat, an entrepreneur, a musician, a scientist, a humorist, a civic leader, and an international celebrity. He was born on January 17, 1706, into the family of a Boston candlemaker. In this entry, his contributions to the understanding of economics, innovations for the betterment of society, and contributions as printer, publisher, author, retailer, franchisor, promoter, and government employee are discussed.

Contributions to Economics

Franklin’s personal ideas about economy helped shape the economy of the U.S. colonies. He believed that there are two ways to attain wealth—hard work and frugality. He also championed the ideal of the American Dream and believed that every person ...

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