Final answer:
Franklin's self-descriptions reveal a reflective and self-critical character, who values hard work and personal development, epitomizing the meritocratic ideals of the American Dream. His thirteen virtues lay the foundation for the concept of republican virtue, though these overlook the complexities of inherited wealth and social inequalities.
Step-by-step explanation:
Franklin's descriptions of himself as a young man often reveal a character who is self-improving, industrious, and aspiring. His tone towards his younger experiences tends to be reflective and self-critical, yet also appreciative of the value of hard work and personal development. Franklin's account illustrates his belief in the meritocratic notion that success comes from personal effort and virtuous living, as encapsulated in his thirteen virtues, which include temperance, silence, order, resolution, frugality, industry, sincerity, justice, moderation, cleanliness, tranquility, chastity, and humility. Franklin's values help define the notion of republican virtue, which suggests that the cultivation of such personal qualities is essential for the health and success of the republic.
In contrast to his own 'rags to riches' narrative, Franklin does not explicitly address how he might perceive situations where children inherit great wealth. However, considering his emphasis on self-made success, it might be inferred that he would have reservations about wealth that is not accompanied by personal merit and effort. While Franklin's thirteen virtues stress the importance of hard work and good behavior, there is an implicit assumption that these behaviors are always available and successful pathways to success, which might overlook the complexities of social and economic inequalities.