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:
“Indeed, the Englishman’s history of New England commences only when it ceases to be New France.”
—Henry David Thoreau (1817–1862)
“Yet poetry, though the last and finest result, is a natural fruit. As naturally as the oak bears an acorn, and the vine a gourd, man bears a poem, either spoken or done. It is the chief and most memorable success, for history is but a prose narrative of poetic deeds.”
—Henry David Thoreau (1817–1862)
“The history of the genesis or the old mythology repeats itself in the experience of every child. He too is a demon or god thrown into a particular chaos, where he strives ever to lead things from disorder into order.”
—Ralph Waldo Emerson (1803–1882)