Harvard Business School - Yearbook (Boston, MA)

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GEORGE FISHER BA KER 6

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PHILIP CABOT To Philip Cabot, a stimulating teacher who has brought to his students an intense interest in the problems of a vital industry, this 'volume is dedicated as a token of esteem. 5

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HISTORY OF THE HARVARD GRADUATE SCHOOL OF BUSINESS ADMINISTRATION The idea which was to grow into the establishment of the Business School was conceived about 1895 by President Charles W. Eliot, in co-operation with Professor Archibald Coolidge of the Department of History of Harvard College. The original idea was to found a school which should train young men for public and governmental business, with emphasis on training for the Diplomatic Corps. This plan was abandoned, but shortly after- ward, Professor Edwin F. Gay of the Department of Economics became a prime mover in advancing the effort which resulted in the establishment of the school. The first business course introduced into the college curriculum was a course of accounting offered by Professor William Morse Cole under the Faculty of Arts and Sciences in the academic year 1900-1901. At this time no credit was given, as the course was not thought academicg but at the beginning of the college year 1901-1902, a half credit was granted, and a few years later, full credit. On june 1, 1907, President Eliot announced that the University proposed to establish a graduate school for teaching the subjects of business. The Rockefeller Foundation made a grant of 312,500 a year for five years, and friends of the project duplicated this sum annually, thus enabling the Corporation to establish the Harvard Graduate School of Business Administration under the deanship of Professor Gay on March 30, 1908. The curriculum and instruction of the school were developed and planned to train the students for the problems to be met, not in the first few years of business life, but in the period begin- ning several years later after the detailed technique and routine have been acquired, the employer's confidence has been gained, and an opportunity has been earned for executive responsibility. In the earlier years of its history, the school had to accept 7