History
The Institute was founded in 1930 by Louis Bamberger and Caroline Bamberger Fuld with the proceeds from their department store in Newark, New Jersey. The founding of the institute was fraught with brushes against near-disaster; the Bamberger siblings pulled their money out of the market just before the Crash of 1929, and their original intent was to express their gratitude to the state of New Jersey through the founding of a medical school. It was the intervention of their friend Dr. Abraham Flexner, the prominent education theorist, that convinced them to put their money in the service of more abstract research. Princeton University "Noted Figures at IAS"
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Famous quotes containing the word history:
“The history of our era is the nauseating and repulsive history of the crucifixion of the procreative body for the glorification of the spirit.”
—D.H. (David Herbert)
“A country grows in history not only because of the heroism of its troops on the field of battle, it grows also when it turns to justice and to right for the conservation of its interests.”
—Aristide Briand (1862–1932)
“The principal office of history I take to be this: to prevent virtuous actions from being forgotten, and that evil words and deeds should fear an infamous reputation with posterity.”
—Tacitus (c. 55–c. 120)