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As prominent as the Wharton School of Business is today, so was the Wharton family in the mercantile world of eighteenth-century Philadelphia. Nineteenth-century scion of this large and wealthy business family, Joseph Wharton amassed a huge new fortune in his American Nickel Company and the Bethlehem Steel Corporation, and through these enterprises helped catapult the nation into the modern age of industry. In 1881, while still in mid-career, he contributed part of his accumulated wealth to endow the Wharton School of Finance and Economy at the University of Pennsylvania. Wharton's purpose was to prepare the city's young men "of inherited wealth and capacity" to assume control of the complex economy that he and his fellow entrepreneurs were then creating. He would have the university provide that cultural background needed by all gentlemen of society, while the new Wharton course would instruct students in those economic experiences necessary for success in the world of practical affairs. Wharton's investment and instructional program began the modern tradition of collegiate management education. Steven A. Sass's The Pragmatic Imagination not only provides a history of the world's

Author

Steven A. Sass

Publisher

University of Pennsylvania Press Anniversary Collection

Published

2016

Language

EN

ISBN

9780812278149