Benjamin Franklin founded America's first lending library, the Library Company of Philadelphia, in 1731.

Benjamin Franklin donated the books that became the first true public library in the US.

Gambling and lotteries funded America's early expansion, funding infrastructure and capital projects.

Benjamin Franklin advocated for the use of paper money and even engineered some key anticounterfeiting techniques used today.

Circulating libraries helped the novel's popularity surge

As literacy rates began to rise in the 19th century, so did the demand for reading materials. The only problem? Newspapers and books weren’t cheap, and newly literate middle-class families struggled to afford literature. That changed when booksellers began offering small fees for patrons who decided to borrow rather than purchase books. This was eventually called a circulating library, an innovation that would satisfy the burgeoning readership of novels and increase literacy rates further.

See inside the Boston Public Library, the first city-run free public library in the US

Founded in 1848, the McKim building opened in 1895 during a period of cultural optimism and social reform. Its Beaux-Arts architecture features marble staircases, murals by John Singer Sargent, and a Renaissance-inspired courtyard.

Read the financial advice America's founding fathers gave, including Benjamin Franklin, Thomas Jefferson, and Alexander Hamilton.

Hamilton founded what many regard as the first commercial bank in the United States

In 1784, Alexander Hamilton helped found the Bank of New York, which initially operated without a charter, financed early federal operations, provided what is considered the US government's first loan, and became the first stock traded on the New York Stock Exchange.

King George III assembled a 65,000-volume personal library.

Andrew Carnegie donated $56M to build 2,509 public libraries worldwide

Carnegie, who left school at 12 and credited borrowed books for his self-education, began funding libraries in 1881. Of the 2,509 libraries built, 1,681 were in the United States. He required each community to maintain the library as a condition of his gift.

The Library of America, a reissue series that began in 1982, repackaged classic works of American writers at a low cost to encourage readers to engage with what it considered the American literary canon.

Ben Franklin’s edit helped define the Declaration’s philosophy

When Thomas Jefferson drafted the Declaration, he wrote that its truths were “sacred and undeniable.” Benjamin Franklin urged replacing that phrase with “self-evident,” grounding the document in reason rather than religious authority and sharpening its Enlightenment logic.

The first US stock exchange dates back to the 1790s in Philadelphia

Only two years after that stock exchange in Philadelphia started, the largest stock exchange in the US to date was created: the New York Stock Exchange.

The Americans abandoned Philadelphia to the British in 1777.

The Benjamin Franklin letter that anticipated daylight saving time

Benjamin Franklin did not invent daylight saving time. But while living in Paris, he did pen a satirical letter to Parisians suggesting they could save money on lamp oil by changing their sleep schedules. Read it in full here.

A letter drafted by a Boston town committee in 1772 helped unite the colonies behind independence.

The First Continental Congress did not meet to discuss independence from Britain

The earliest colonial schools were often religious

The earliest American schools were far from our notions of “public” or “private”—they were neighborhood institutions, often founded by religious groups, that sought to educate children academically and spiritually.

America's first newspaper, 'Publick Occurrences Both Forreign and Domestick,' lasted only one issue.

Americans touring the Louvre were inspired to create their own grand museums

The one-time royal residence was first transformed into a public museum in 1793 amid the French Revolution. Americans visiting in the early 1800s were both turned off by the aristocratic grandeur and compelled by the open access to the public. James Fenimore Cooper, the author of "The Last of the Mohicans," apparently came and measured the length of galleries.

Washington DC's first public library, built in 1903, now operates as an Apple store

The Carnegie Library served as DC's central library until 1972, when overcrowding forced a move to the Martin Luther King Jr. Memorial Library. After sitting unused for five years, the building changed hands several times before Apple agreed to restore it and open a store there in 2016.

The first newspaper to report the Declaration of Independence was a German-language Philadelphia publication, simply because it was the only one that published on July 5.

See the documents that shaped the Declaration before it was written

This Library of Congress collection comprises early arguments for Colonial rights, protests against British authority, draft constitutions, and multiple working drafts of the Declaration of Independence. It traces the ideas and language that preceded the final document adopted in 1776.

Alexander Hamilton consolidated the states' debts, implemented a tax system, and established a national bank.

The history of bankruptcy in the US dates back to the signing of the Constitution

In 1787, this founding document gave Congress the right to establish nationwide bankruptcy laws. Legislators took advantage of that power in 1800 when they passed the Bankruptcy Act of 1800, the first comprehensive bankruptcy law at the federal level.

Hamilton created the First Bank of the United States

As Treasury secretary, Alexander Hamilton proposed the First Bank of the United States to stabilize national finances—serving as the government's fiscal agent, managing debt, and expanding credit through a public-private banking model.

After the Boston Tea Party, colonists switched to coffee, which became the main morning drink for revolutionaries.

After the Boston Tea Party (1773), colonists boycotted tea and turned to coffee, with coffeehouses becoming hubs for revolutionary discussions. The stimulating import from the Caribbean helped shape the nascent American taste.

The history of student loans can be traced back as far as the 1400s.

The bond market dates back to the 1100s in Venice

In the early 1800s, bonds were used to fund US railroads and canals in Great Britain. “Liberty Bonds” were sold during both World Wars in the 20th century. Learning about the early and modern history of bonds can offer a glimpse into how the modern bond market came to be.

The Founding Fathers were divided in their reactions to the Boston Tea Party.

The New York Stock Exchange wouldn't have been made if not for municipal bond sales

The Funding Act of 1790 nationalized and consolidated the debt held by the 13 colonies to be sold off in the form of bonds.

The Stamp Act of 1765 was a key stepping stone toward the American Revolution, igniting colonial resistance to British taxation.

The reaction to the first direct tax on colonists prompted the second-ever colonial congress and a broad boycott of British goods. It also gave birth to the Declaration of Rights and Grievances, the congress's document articulating the "no taxation without representation" stance. The act's passage was a major stepping stone to revolution.

Since 1776, the Declaration of Independence has served as a model for more than 100 nations and freedom organizations writing their own declarations.

The first recorded worker strike in the United States predates the American Revolution.

The history behind the country's first Black-owned bookstore

In 1834, the first Black-owned book store was opened in New York City by abolitionist David Ruggles. Ruggles founded an antislavery newspaper and was an organizer for what eventually became the Underground Railroad. His bookstore was dedicated to abolitionist literature but was also a meeting place and lending library for Black people, including those who had escaped slavery.

America’s founding documents were once housed in other government buildings

Today, the Constitution and Declaration are displayed at the National Archives. Still, for more than a century, they were kept by other federal institutions—including the State Department and the Library of Congress—before gaining a permanent home in the 1930s.

Celebrations for America's 150th birthday in 1926 were a poorly organized mess that nearly bankrupted the host city of Philadelphia.

Explore the unexpected ways people use public libraries in this 'This American Life' episode

Libraries serve as far more than book repositories. This episode follows a family experiencing homelessness that spent months living in their local library, Iranian students reuniting with family across the US-Canada border because the library straddled both countries, and a Vermont man who built his own library to house unpublished manuscripts.

Hamilton built the foundations of the US financial system as the nation's first Treasury secretary

Appointed the nation's first Treasury secretary in 1789 by George Washington, Alexander Hamilton designed a powerful federal finance system—repaying war debts, creating new taxes, founding a national bank, and promoting economic development.

The concept of CDs dates back to the 1600s in Europe

Banks in the US started issuing CDs in the early 1800s as the banking system began to take shape following the Revolutionary War. The federal government did not formally insure CDs until the FDIC was formed in 1933.

A timeline of colonial settlement

An overview of early American settlement, beginning with the London Company's expedition to Virginia. Source includes a number of citations for further reading.

Roger Williams founded the first American colony without an established church

Banished from Massachusetts in 1636 for preaching religious dissent, Williams founded Providence, Rhode Island—one of the earliest governments in the Western world to guarantee broad religious liberty. His phrase "wall of separation" between church and state directly influenced Jefferson and the Constitution's framers.

Congress actually voted to approve independence on July 2, 1776, leading many Founders to believe that would be the date Americans would one day celebrate.

This video highlights lesser-known facts about the Declaration of Independence, including that Congress approved independence on July 2—leading many Founders to believe that would be the day Americans would celebrate their independence.

Colonial Americans used tobacco, wampum, and land-backed notes to solve a chronic coin shortage

British coins rarely circulated in the colonies due to an unfavorable trade balance, forcing colonists to improvise. They traded in Spanish dollars, Native American shells, tobacco warehouse receipts, and eventually paper money backed by land rather than gold.

Benjamin Franklin described a series of static electricity storage jars as 'batteries'

Discovered over 50 years before the first electrochemical cell was invented, Leyden jars stored electric charge between the metals inside and outside a liquid-filled container. Franklin was the first to use the term "battery" in an electrical sense, though his multiple-jar device—lacking chemical reactions—was actually a series of capacitors.

The Declaration of Independence was not only a statement of principles but also an appeal for military allies that the struggling colonists needed to survive.

The Sons of Liberty used radical tactics to resist British policies.

The Smithsonian was first funded by a man who never visited the US

The Smithsonian Institution was established through a gift in the will of James Smithson, a British scientist who never visited America but left his fortune to establish an institution dedicated to the "increase and diffusion of knowledge."

Science-fiction legend Ray Bradbury couldn't afford college, but he spent several days a week in his local library, teaching himself how to become a writer.

The federal government's decision to pay off the states' Revolutionary War debts required a new tax, which sparked an armed rebellion. 

The oldest restaurants in the US

This list features several establishments that have been around since before the Declaration of Independence, including the White Horse Tavern, in Newport, Rhode Island, and New York's Fraunces Tavern, where George Washington dismissed his troops at the end of the Revolutionary War.