Benjamin Franklin and the Invention of Microfinance

Discover the innovative financial legacy of Benjamin Franklin in Benjamin Franklin and the Invention of Microfinance by Bruce H. Yenawine. Published by Taylor & Francis Ltd in 2010, this insightful hardback spans 232 pages and delves into Franklin's pioneering efforts in managing debt, organizing credit, and promoting virtuous financial practices. Even after his death, Franklin's influence persisted through his codicil, which bequeathed £2,000 to the cities of Boston and Philadelphia, laying the groundwork for microfinance in America. This compelling study not only explores Franklin's visionary ideas but also examines the evolution of financial systems in the United States over the past two centuries. Perfect for history enthusiasts and finance professionals alike, this book provides a unique perspective on how Franklin's principles continue to shape the landscape of small business and microfinance today.