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Benjamin Franklin and the Ends of Empire$
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Carla J. Mulford

Print publication date: 2015

Print ISBN-13: 9780199384198

Published to Oxford Scholarship Online: June 2015

DOI: 10.1093/acprof:oso/9780199384198.001.0001

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Franklin’s Imperial Imaginings

Franklin’s Imperial Imaginings

“Coined Land” and Global Goals

Chapter:
(p.75) Three Franklin’s Imperial Imaginings
Source:
Benjamin Franklin and the Ends of Empire
Author(s):

Carla J. Mulford

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199384198.003.0004

This chapter discusses Franklin’s young adult and middle years, when he was involved with Pennsylvania politics and learning strategies for political negotiation. During these years Franklin carefully developed a socioeconomic view supporting both free trade and a politics of imperialism. This chapter discusses Franklin’s A Modest Enquiry into the Nature and Necessity of a Paper-Currency, among other of his writings, relating Franklin’s views to well-known writers on economic and civil matters. For someone of his relative youth and inexperience, Franklin developed a fairly sophisticated theory of economics that included an investigation of several viable economic processes, including the idea of foreign-paid incomes and the effects of economic elasticity based in an analysis of a specie-flow, supply-demand mechanism. His aim was to show the impact of trade on local agriculture, construction, and merchant activities.

Keywords:   colonial Pennsylvania politics, colonial Pennsylvania economy, economic elasticity, specie-flow economic activity, British trade and navigation

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