07/04/2023
Ben Franklin and American manufacturing independance.
Benjamin Franklin, one of the United States' Founding Fathers, played an instrumental role in the country's struggle for independence and had a significant perspective on manufacturing independence. He recognized the untenable position of the American colonies, heavily reliant on the British supply chain for manufactured goods and technologies. Franklin saw this reliance as a form of colonial subjugation, hindering the economic growth and political independence of the American colonies.
This reliance on the British supply chain came with several critical consequences. One of the major problems was the high cost of imported goods due to Britain's monopoly over colonial trade. The colonies were compelled to buy British goods, often at inflated prices, leading to an outflow of American wealth and an economic imbalance favoring Britain.
Another downside was the vulnerability and dependency it created. During times of conflict, such as the Revolutionary War, the British could impose blockades or halt trade, crippling the colonies' ability to sustain themselves. This situation became a harsh reality during the American Revolution when the colonies found themselves struggling to procure essential items like weaponry, paper, textiles, and other goods necessary for the war effort and daily life.
Franklin, cognizant of these issues, ardently championed manufacturing independence. He viewed it as a means to break free from the economic constraints and vulnerability posed by over-reliance on British goods. He also saw it as a path to economic prosperity and national self-sufficiency. To this end, Franklin himself was a model of the kind of innovation and self-reliance he advocated. He was not only a statesman but also a prolific inventor, creating various devices like the Franklin stove, lightning rod, and bifocal glasses.
Thanks to Curt Daugherty at CNC machines for this brilliant insight.
Happy Independence Day to everyone!