History
Asa Packer named his university 'Lehigh' after his other passion, the railroad, despite suggestions from some to call it 'Packer University'. It was founded to provide a well-rounded education for young men, combining a liberal and scientific education with the technical skills necessary to increase the prosperity of the region. According to William Bacon Stevens, the first president of the board of trustees, Asa Packer's founding gift of $500,000 was the largest single endowment gift to ever received by an institution of higher learning up to that time.
From 1871 to 1891, Packer's endowment allowed the institution to offer its education free of charge by competitive exam. This, plus its blend of engineering and liberal arts, attracted some of the nation's brightest students, many of whom went on to distinguished careers in industry and engineering.
Unlike other engineering schools of the day, Lehigh was envisioned as a university instead of an "institute of technology," offering an education that was rooted in both scientific and classical traditions as espoused by John Amos Comenius. Initially there were five schools: four scientific (civil engineering, mechanical engineering, mining and metallurgy, and analytical chemistry) and one of general literature. Over time, additional areas of the arts and sciences were added and engineering curricula were both merged and expanded.
The stock market crash accompanying the Panic of 1893 was a major financial blow to the university, since its endowment was largely invested in stocks, particularly shares of Lehigh Valley Railroad donated by the founder. As a consequence, Lehigh decided to drop its Episcopal Church affiliation in 1897, allowing it to qualify for state and federal government aid.
Based on the experience of Lehigh engineers who went into industry a College of Business & Economics was added in 1910. Lehigh's business curriculum was unique in that it combined both the abstract emphasis on Economics seen in the Ivy League with the practical skills of management seen in more common business administration degrees given by other universities.
A similar emphasis on the well-rounded graduate can be seen in Lehigh's approach to education degrees. Lehigh's respected School of Education started as (and remains) a solely graduate-level program. This is based on the principle that you need to learn primary subject matter well before you can learn how to teach it to others. Thus future teachers at Lehigh often take a five year program earning both a Bachelors Degree in a specialized field and a Masters Degree in Education.
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