Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-ndw9j Total loading time: 0 Render date: 2024-11-19T12:02:25.223Z Has data issue: false hasContentIssue false
This chapter is part of a book that is no longer available to purchase from Cambridge Core

8 - Bicentennial: Boston and Philadelphia

Get access

Summary

The year 1990, 200 years after his death, was an auspicious year for Benjamin Franklin's sage admonitions to be remembered and his benevolent spirit to be rekindled. The coming of age of the Franklin Fund corresponded to an unprecedented and precipitous collapse of the economy of the Commonwealth of Massachusetts with a two-year budget deficit of nearly $1 Billion, a mass exodus of defence industry jobs, rising crime and highly partisan confrontational politics. Despite nearly two decades (1970–87) of relative prosperity with economic diversification, low unemployment and large investment in community development, the state and the City of Boston by the late 1980s was characterized by ethnic, racial and economic conflict and division. Certainly boasts about ‘the Massachusetts Miracle’, the condition of the state's economy, and commitment to equal opportunity were being reconsidered and redefined. Franklin, with the innovative codicil conceived a the dawn of a predominantly agrarian nation in the eighteenth century, figured out a way to boldly insert his views into public debated of a mature urban American on the brink of the twenty-first century. With the promise of a handsome reward, the citizens of Boston and Massachusetts had to listen one last time to the ruminations of the patriot statesman about virtue, citizenship and prosperity.

The value of the Franklin Fund in Boston from the end of Fiscal Year 1989 audited statements of the Franklin Foundation was $4,646,613.

Type
Chapter
Information
Publisher: Pickering & Chatto
First published in: 2014

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×