Wharton School of The University of Pennsylvania
Wharton wrote extensively on economic matters, including protective tariffs and business cycles. In the last half of the 19th century, business education typically consisted mainly of training on the job or an apprenticeship. Wharton conceived of a school that would teach how to develop and run a business, and to anticipate and deal with the cycles of economic activity. In 1881 Wharton donated $100,000 to the University of Pennsylvania to found a "School of Finance and Economy" for this purpose. He specified that the Wharton School faculty advocate economic protectionism, as he had when lobbying for American businesses in Washington. However, the school soon began broaden its outlook to a global one and to teach other disciplines such as politics and the developing social sciences, and introduced the teaching of business management and finance as these disciplines gradually coalesced. The Wharton School was the first to include such a practical focus on business, finance, and management. During its first century through the present day, it was and is widely known as one of the most prominent schools of business in the world.
Read more about this topic: Joseph Wharton
Famous quotes containing the words wharton, school, university and/or pennsylvania:
“I have been spending my first night in an American “summer hotel,” and I despair of the Republic! Such dreariness, such whining callow women, such utter absence of the amenities, such crass food, crass manners, crass landscape!... What a horror it is for a whole nation to be developing without a sense of beauty, and eating bananas for breakfast.”
—Edith Wharton (1862–1937)
“The future is built on brains, not prom court, as most people can tell you after attending their high school reunion. But you’d never know it by talking to kids or listening to the messages they get from the culture and even from their schools.”
—Anna Quindlen (b. 1953)
“It is well known, that the best productions of the best human intellects, are generally regarded by those intellects as mere immature freshman exercises, wholly worthless in themselves, except as initiatives for entering the great University of God after death.”
—Herman Melville (1819–1891)
“The discovery of Pennsylvania’s coal and iron was the deathblow to Allaire. The works were moved to Pennsylvania so hurriedly that for years pianos and the larger pieces of furniture stood in the deserted houses.”
—For the State of New Jersey, U.S. public relief program (1935-1943)