How much money did Ben Franklin leave Boston?
$2,000
When Benjamin Franklin passed away on April 17, 1790, he left Boston and Philadelphia $2,000. He’d saved this money while he was Governor of Pennsylvania (1785 to 1788). The money was not to be distributed until 200 years after his death.
How many slaves did Ben Franklin own?
9. He spent his later years as an abolitionist. Franklin owned at leas two slaves during his life, both of whom worked as household servants, but in his old age he came to view slavery as a vile institution that ran counter to the principles of the American Revolution.
What took Franklin to London 1724?
What takes Franklin to London in 1724? He was going to by printing equipment to open up his own print shop and possibly start a newspaper.
Why did Ben Franklin use compound interest to help Philadelphia and Boston?
Philadelphia took to heart Franklin’s wish that the money be loaned to individuals, and over the 200-year life of the trust loaned funds to hundreds of individuals at low-interest rates. Boston focused on the long-term return on the money, and invested the bulk of the money in a trust fund, compounding the earnings.
Did Ben Franklin leave money in his will?
In his will, Benjamin Franklin left $2,000 to the city of Philadelphia and $2,000 to the city of Boston with the direction that it could not be drawn on for 100 years and could not be distributed for 200 years.
What did Benjamin Franklin do with all the money given to him?
Franklin invested in himself by becoming a voracious reader; all of his spare money and time went to accumulating as much knowledge about the world as possible; by wisely managing his expenditures in these vital departments of life, Franklin created a future for himself where it was possible for a man who had only a …
What year did slavery end?
1865
Passed by Congress on January 31, 1865, and ratified on December 6, 1865, the 13th amendment abolished slavery in the United States and provides that “Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or …
What did Benjamin Franklin do 1718?
1718: Ben’s father, Josiah apprentices Ben to older brother James, a printer. 1723: Ben runs away to Philadelphia, gets a job as a printer, and finds a home with John Read, father of his future wife, Deborah. 1727: Forms the Junto, a philosophical/political discussion group. 1728: Sets up own printing shop.
What did Benjamin Franklin do in 1743?
Thus, in 1743, Franklin took Bartram’s idea and ran with it. He wrote a circular entitled, “A Proposal for Promoting Useful Knowledge among the British Plantations in America. He suggested an association of virtuosi in the several colonies who should maintain regular correspondence with each other.
How much is a penny a day doubled for 31 days?
The Power of Compounding: How 1 Penny Doubled Every Day Turns Into $10 Million by Day 31.
What did Benjamin Franklin do with all his money?
In his will, he left money to Boston and Philadelphia, which was later used to establish a trade school and a science museum and fund scholarships and other community projects. More than 200 years after his death, Franklin remains one of the most celebrated figures in U.S. history.
Did Benjamin Franklin have a will?
The Last Will and Testament of Benjamin Franklin (dated July 17, 1788) and the codicil to his Last Will and Testament (dated June 23, 1789) are wordy and typical of his work in those days.