Post-Industrial Revolution
A school was endowed with £20 per annum as at 1848 four other significant endowment charities existed then and continued though were less significant due to inflation through to at least 1911 for the benefit of the poor.
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“The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimonyunaware, alas, of the fact that Europes declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.”
—Hannah Arendt (19061975)
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