History
The LDS Church has made similar efforts in the past to provide for the temporal needs of its members. The program is modeled after the Perpetual Emigration Fund, which provided loans to more than 40,000 19th century Latter-day Saint immigrants looking to settle in the Salt Lake Valley, but lacking the funds to do so. In 1903, the church established a fund to provide aspiring school teachers with loans for school expenses. A related effort, not specifically targeting education, began in 1936, when church president Heber J. Grant set up a welfare system in order to provide a means for people to earn a living during the Great Depression.
Read more about this topic: Perpetual Education Fund
Famous quotes containing the word history:
“What you don’t understand is that it is possible to be an atheist, it is possible not to know if God exists or why He should, and yet to believe that man does not live in a state of nature but in history, and that history as we know it now began with Christ, it was founded by Him on the Gospels.”
—Boris Pasternak (1890–1960)
“Classes struggle, some classes triumph, others are eliminated. Such is history; such is the history of civilization for thousands of years.”
—Mao Zedong (1893–1976)
“All objects, all phases of culture are alive. They have voices. They speak of their history and interrelatedness. And they are all talking at once!”
—Camille Paglia (b. 1947)