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:
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)
“Don’t you realize that this is a new empire? Why, folks, there’s never been anything like this since creation. Creation, huh, that took six days, this was done in one. History made in an hour. Why it’s a miracle out of the Old Testament!”
—Howard Estabrook (1884–1978)
“American time has stretched around the world. It has become the dominant tempo of modern history, especially of the history of Europe.”
—Harold Rosenberg (1906–1978)