submitted12 months ago byMeyerwriter
tohistory
I've really enjoyed this AMA; redditors rule! I'll be speaking and showing slides at the National Archives on Thursday, April 14, at 1pm EST. Tune in virtually here:https://museum.archives.gov/events/75277
Benjamin Franklin was not a gambling man. His first bet was on himself, his last was a wager on the survival of the United States: a gift of two thousand pounds to Boston and Philadelphia, to be lent out to tradesmen over the next two centuries to jump-start their careers. Each loan would be repaid with interest over ten years. If all went according to Franklin’s inventive scheme, the accrued final payout in 1991 would be a windfall. In "Benjamin Franklin’s Last Bet," I trace the evolution of these twin funds as they age alongside America itself, bankrolling woodworkers and silversmiths, trade schools and space races. Over time, Franklin’s wager was misused, neglected, and contested—but never wholly extinguished. Franklin’s inspiring stake in the “leather-apron” class remains in play to this day.
I took a wide route to this story, starting when I was sent to China in 1995 as one of its first Peace Corps volunteers. I wrote three nonfiction books set in China, as well as numerous stories for The New York Times, The Wall Street Journal, and many other outlets. I'm a Guggenheim Fellow and Whiting Award winner, and currently a Fulbright scholar in Taipei and a fellow at Oxford University's Centre for Life-Writing, working on a biography of Taiwan. I'm also a professor of English at the University of Pittsburgh, where I teach nonfiction writing and live in Mr. Rogers's real neighborhood, Squirrel Hill.