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American Business Philanthropy and Higher Education in the Nineteenth Century

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  • Wren, Daniel A.

Abstract

Nineteenth century America witnessed the expansion of business enterprise as well as the extension of a system of higher education. Business philanthropy played a substantial role in higher education by filling the gap between the church-supported colleges of the colonial period and the state colleges and universities of later years. The philanthropy of American business leaders provided for scientific and polytechnical schools, opened colleges for women, extended new opportunities for black “freedmen,” and created the first undergraduate and graduate schools of business. Although nineteenth century law prohibited corporate philanthropy and offered no tax incentives, business leaders gave because they thought that they were stewards of wealth, they saw a need for practical education, they wished to create memorials for loved ones, and they desired to meet the needs of special groups of individuals.

Suggested Citation

  • Wren, Daniel A., 1983. "American Business Philanthropy and Higher Education in the Nineteenth Century," Business History Review, Cambridge University Press, vol. 57(3), pages 321-346, October.
    • Handle: RePEc:cup:buhirw:v:57:y:1983:i:03:p:321-346_05
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    Cited by:

    1. Valeria Giacomin & Geoffrey Jones, 2022. "Drivers of Philanthropic Foundations in Emerging Markets: Family, Values and Spirituality," Journal of Business Ethics, Springer, vol. 180(1), pages 263-282, September.
    2. Sameeksha Desai & Zoltan J. Acs, 2008. "Democratic Capitalism and Philanthropy in a Global Economy," International Studies in Entrepreneurship, in: Zoltan J. Acs & Roger R. Stough (ed.), Public Policy in an Entrepreneurial Economy, chapter 11, pages 281-293, Springer.

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