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138-501: Later in its history, especially in the 1990s, it became a heavily contested form of learning, seen by some as an appropriate foundation of a liberal arts education, and by others as a tool of promoting a Eurocentric or Anglocentric society by solely focusing on the works of " dead white men ". Largely driven by student protests, the Core in recent decades has been revised to add focus on non-Western cultures, as well as postcolonial works to

276-766: A "Master's Degree in Liberal Arts" . Manipal Academy of Higher Education – MAHE, an Institution of Eminence as recognised by MHRD of Govt of India in 2018, houses a Faculty of Liberal Arts, Humanities and Social Sciences, and also others like Symbiosis & FLAME University in Pune, Ahmedabad University , and Pandit Deendayal Energy University (PDEU) in Ahmedabad, Ashoka University , and Azim Premji University in Bangalore . Lingnan University , Asian University for Women and University of Liberal Arts- Bangladesh (ULAB) are also

414-571: A Bachelor of Arts degree or a Bachelor of Science degree. In 1937 St. John's College radically shifted its curriculum to focus on the Great Books of the Western World , aiming to provide a form of liberal arts education that stood apart from increasingly specialized nature of higher education. This new approach emphasized a broad-based education rooted in classical texts from philosophy, literature, science, and other disciplines, in contrast to

552-626: A deflationary spiral started in 1931. Farmers faced a worse outlook; declining crop prices and a Great Plains drought crippled their economic outlook. At its peak, the Great Depression saw nearly 10% of all Great Plains farms change hands despite federal assistance. At first, the decline in the U.S. economy was the factor that triggered economic downturns in most other countries due to a decline in trade, capital movement, and global business confidence. Then, internal weaknesses or strengths in each country made conditions worse or better. For example,

690-418: A silver standard , almost avoided the depression entirely. The connection between leaving the gold standard as a strong predictor of that country's severity of its depression and the length of time of its recovery has been shown to be consistent for dozens of countries, including developing countries . This partly explains why the experience and length of the depression differed between regions and states around

828-610: A 'Study Abroad' program whereby students can earn credit towards their degree by undertaking two units over a five-week program at the University of Oxford . As of 2022, Elizabeth Hillman is currently the President of the Millis Institute. A new school of Liberal Arts has been formed in the University of Wollongong ; the new Arts course entitled 'Western Civilisation' was first offered in 2020. The interdisciplinary curriculum focuses on

966-648: A BA Combined Honours in Social Sciences programme, both of which allow for interdisciplinary approaches to education. The University of Nottingham also has a Liberal Arts BA with study abroad options and links with its Natural Sciences degrees. In 2016, the University of Warwick launched a three/four-year liberal arts BA degree, which focuses on transdisciplinary approaches and problem-based learning techniques in addition to providing structured disciplinary routes and bespoke pathways. And for 2017 entry UCAS lists 20 providers of liberal arts programmes. In Scotland ,

1104-593: A Bachelor of Arts in the Liberal Arts as its sole undergraduate degree. The key disciplines studied are history, literature, philosophy, and theology. The Millis Institute is the School of Liberal Arts at Christian Heritage College located in Brisbane. Founded by Dr. Ryan Messmore, former President of Campion College, the Millis Institute offers a Bachelor of Arts in the Liberal Arts in which students can choose to major in philosophy, theology, history or literature. It also endorses

1242-717: A few such liberal arts colleges in Asia. International Christian University in Tokyo is the first and one of the very few liberal arts universities in Japan. Fulbright University Vietnam is the first liberal arts institution in Vietnam. Campion College is a Roman Catholic dedicated liberal arts college, located in the western suburbs of Sydney. Founded in 2006, it is the first tertiary educational liberal arts college of its type in Australia. Campion offers

1380-549: A foreign language; two semesters of the Global Core; and two semesters of physical education. Students are also required to pass a swimming test before receiving their diplomas, a common feature among Ivy League colleges. Undergraduates in the School of Engineering and Applied Science take approximately half of Columbia College's Core requirements. They are required to take either "Literature Humanities", "Contemporary Civilization", or

1518-573: A former Catholic seminary, is launching a two-year intensive BA in the Liberal Arts, with a distinctively Catholic outlook. It has been suggested that the liberal arts degree may become part of mainstream education provision in the United Kingdom, Ireland and other European countries. In 1999, the European College of Liberal Arts (now Bard College Berlin) was founded in Berlin and in 2009 it introduced

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1656-588: A former privately run bank, bearing no relation to the U.S. government (not to be confused with the Federal Reserve ). Unable to pay out to all of its creditors, the bank failed. Among the 608 American banks that closed in November and December 1930, the Bank of United States accounted for a third of the total $ 550 million deposits lost and, with its closure, bank failures reached a critical mass. In an initial response to

1794-580: A four-year Bachelor of Arts program in Value Studies taught in English, leading to an interdisciplinary degree in the humanities. In England, the first institution to retrieve and update a liberal arts education at the undergraduate level was the University of Winchester with their BA (Hons) Modern Liberal Arts program which launched in 2010. In 2012, University College London began its interdisciplinary Arts and Sciences BASc degree (which has kinship with

1932-459: A greater reduction in credit. On 5 April 1933, President Roosevelt signed Executive Order 6102 making the private ownership of gold certificates , coins and bullion illegal, reducing the pressure on Federal Reserve gold. British economist John Maynard Keynes argued in The General Theory of Employment, Interest and Money that lower aggregate expenditures in the economy contributed to

2070-556: A higher proportion of National Academy of Science members than would usually be expected for the number of STEM graduates produced by an institution. Traditionally, a bachelor's degree in one particular area within liberal arts, with substantial study outside that main area, is earned over four years of full-time study. However, some universities such as Saint Leo University , Pennsylvania State University , Florida Institute of Technology , and New England College have begun to offer an associate degree in liberal arts. Colleges like

2208-451: A holistic liberal arts and sciences experience to its students through its uniquely tailored liberal core program which is compulsory for all undergraduate degree students. In India, there are many institutions that offer undergraduate UG or bachelor's degree/diploma and postgraduate PG or master's degree/diploma as well as doctoral PhD and postdoctoral studies and research, in this academic discipline. The highly ranked IIT Guwahati offers

2346-402: A liberal arts discipline. Liberal studies refers to degrees with a broad curriculum, across multiple liberal arts disciplines and/or sciences and technologies. Before they became known by their Latin variations ( artes liberales , septem artes liberales , studia liberalia ), the liberal arts were the continuation of Ancient Greek methods of inquiry that began with a "desire for

2484-596: A modern industrial city handled shortages of money and resources. Often they updated strategies their mothers used when they were growing up in poor families. Cheap foods were used, such as soups, beans and noodles. They purchased the cheapest cuts of meat—sometimes even horse meat—and recycled the Sunday roast into sandwiches and soups. They sewed and patched clothing, traded with their neighbors for outgrown items, and made do with colder homes. New furniture and appliances were postponed until better days. Many women also worked outside

2622-402: A monetary contraction first-hand were forced to join the deflationary policy since higher interest rates in countries that performed a deflationary policy led to a gold outflow in countries with lower interest rates. Under the gold standard's price–specie flow mechanism , countries that lost gold but nevertheless wanted to maintain the gold standard had to permit their money supply to decrease and

2760-560: A more elective system. Some historians see the change as a response to social activism—the civil rights, feminist, and various other social movements saw the Core Curriculum as an inflexible way to promote the canon of "dead white males" and as a failure to acknowledge the essential contributions of other global cultures. Others interpret it as a concession to increasing calls for earlier specialization to prepare students for post-graduate scientific and professional studies. The Extended Core

2898-730: A rosette of a cathedral: a central circle and a series of semicircles arranged all around. It shows learning and knowledge organised into seven relations, the Septem Artes Liberales or Seven Liberal Arts. Each of these arts find their source in the Greek φιλοσοφία, philosophia, literally "love of wisdom". St. Albert the Great, a doctor of the Catholic Church, asserted that the seven liberal arts were referred to in Sacred Scripture, saying: "It

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3036-563: A serious issue in the 1930s. Support for increasing welfare programs during the depression included a focus on women in the family. The Conseil Supérieur de la Natalité campaigned for provisions enacted in the Code de la Famille (1939) that increased state assistance to families with children and required employers to protect the jobs of fathers, even if they were immigrants. In rural and small-town areas, women expanded their operation of vegetable gardens to include as much food production as possible. In

3174-474: A small cadre of Labour, but the vast majority of Labour leaders denounced MacDonald as a traitor for leading the new government. Britain went off the gold standard , and suffered relatively less than other major countries in the Great Depression. In the 1931 British election, the Labour Party was virtually destroyed, leaving MacDonald as prime minister for a largely Conservative coalition. In most countries of

3312-699: A standstill agreement froze Germany's foreign liabilities for six months. Germany received emergency funding from private banks in New York as well as the Bank of International Settlements and the Bank of England. The funding only slowed the process. Industrial failures began in Germany, a major bank closed in July and a two-day holiday for all German banks was declared. Business failures were more frequent in July, and spread to Romania and Hungary. The crisis continued to get worse in Germany, bringing political upheaval that finally led to

3450-508: A system wherein roughly half of a student's courses would be electives, and the other half required by the faculty, though his stance would lose ground at the college over the following decades. However, this began to change starting in the 1880 with the introduction of the modern language requirement; Columbia dropped Ancient Greek as an entrance examination requirement in 1897, and Latin in 1916. This gradual thaw, along with university's move to Morningside Heights just prior to World War I , set

3588-532: A universal understanding." Pythagoras argued that there was a mathematical (and geometric) harmony to the cosmos or the universe; his followers linked the four arts of astronomy , arithmetic , geometry , and music into one area of study to form the "disciplines of the mediaeval quadrivium ". In the 4th-century-BC Athens, the government of the polis , or city-state, respected the ability of rhetoric or public speaking above almost everything else. Eventually rhetoric, grammar , and dialectic ( logic ) became

3726-642: Is a consensus that the Federal Reserve System should have cut short the process of monetary deflation and banking collapse, by expanding the money supply and acting as lender of last resort . If they had done this, the economic downturn would have been far less severe and much shorter. Modern mainstream economists see the reasons in Insufficient spending, the money supply reduction, and debt on margin led to falling prices and further bankruptcies ( Irving Fisher 's debt deflation). The monetarist explanation

3864-588: Is a traditional academic course in Western higher education. Liberal arts takes the term art in the sense of a learned skill rather than specifically the fine arts . Liberal arts education can refer to studies in a liberal arts degree course or to a university education more generally. Such a course of study contrasts with those that are principally vocational , professional, or technical, as well as religiously based courses. The term liberal arts for an educational curriculum dates back to classical antiquity in

4002-477: Is laid through schooling, vocational skills are easily acquired later on, and a person is always free to move from one occupation to another, as so often happens in life. The philosopher Julian Nida-Rümelin has criticized discrepancies between Humboldt's ideals and the contemporary European education policy, which narrowly understands education as a preparation for the labor market, arguing that we need to decide between " McKinsey and Humboldt". The modern use of

4140-403: Is not to be confused with some modern educational concepts that use a similar wording. Educational institutions that see themselves in that tradition are often a Gymnasium (high school, grammar school). They aim at providing their pupils with comprehensive education ( Bildung ) to form personality with regard to a pupil's own humanity as well as their innate intellectual skills. Going back to

4278-517: Is often Socratic , typically with small classes; professors are often allowed to concentrate more on their teaching responsibilities than are professors at research universities. In addition, most four-year colleges are not devoted exclusively or primarily to liberal arts degrees, and offer STEM programs. In fact, STEM graduates at liberal arts colleges have been demonstrated to be more likely to apply to graduate school in STEM than their peers and make up

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4416-493: Is supported by the contrast in how the crisis progressed in, e.g., Britain, Argentina and Brazil, all of which devalued their currencies early and returned to normal patterns of growth relatively rapidly and countries which stuck to the gold standard , such as France or Belgium. Frantic attempts by individual countries to shore up their economies through protectionist policies – such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries – exacerbated

4554-731: Is written, 'Wisdom hath built herself a house, she hath hewn her out seven pillars' (Proverbs 9:1). This house is the Blessed Virgin; the seven pillars are the seven liberal arts." In the Renaissance , the Italian humanists and their Northern counterparts, despite in many respects continuing the traditions of the Middle Ages, reversed that process. Re-christening the old trivium with a new and more ambitious name: Studia humanitatis , and also increasing its scope, they downplayed logic as opposed to

4692-523: The 1932 election , Hoover was defeated by Franklin D. Roosevelt , who from 1933 pursued a series of " New Deal " policies and programs to provide relief and create jobs, including the Civilian Conservation Corps , Federal Emergency Relief Administration , Tennessee Valley Authority , and Works Progress Administration . Historians disagree on the effects of the New Deal, with some claiming that

4830-577: The Cambridge Muslim College in the United Kingdom have integrated elements of the Great Books and the liberal arts into their educational models, fostering a greater appreciation for the interconnectedness of intellectual traditions across cultures. These colleges encourage students to study classical Islamic texts alongside Western works, fostering a holistic education that draws on both Islamic and Western intellectual heritage. The engagement with

4968-565: The New York Bank of United States – which produced panic and widespread runs on local banks, and the Federal Reserve sat idly by while banks collapsed. Friedman and Schwartz argued that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of

5106-586: The Philippines mandates a General Education curriculum required of all higher education institutions; it includes a number of liberal arts subjects, including history, art appreciation, and ethics, plus interdisciplinary electives. Many universities have much more robust liberal arts core curricula; most notably, the Jesuit universities such as Ateneo de Manila University have a strong liberal arts core curriculum that includes philosophy, theology, literature, history, and

5244-717: The Thomas More College of Liberal Arts offer a unique program with only one degree offering, a Bachelor of Arts in Liberal Studies, while the Harvard Extension School offers both a Bachelor of Liberal Arts and a Master of Liberal Arts . Additionally, colleges like the University of Oklahoma College of Liberal Studies and the Harvard Extension School offer an online, part-time option for adult and nontraditional students. Most students earn either

5382-580: The University of Groningen , Bratislava International School of Liberal Arts , Leuphana University of Lüneburg , Central European University , and Bard College Berlin , formerly known as the European College of Liberal Arts . Central European University launched a liberal arts undergraduate degree in Culture, Politics, and Society in 2020 as part of its move to Vienna and accreditation in Austria. As well as

5520-525: The coming to power of Hitler's Nazi regime in January 1933. The world financial crisis now began to overwhelm Britain; investors around the world started withdrawing their gold from London at the rate of £2.5 million per day. Credits of £25 million each from the Bank of France and the Federal Reserve Bank of New York and an issue of £15 million fiduciary note slowed, but did not reverse,

5658-468: The stock market , which resulted in growing wealth inequality . Banks were subject to minimal regulation under laissez-faire economic policies, resulting in loose lending and widespread debt. By 1929, declining spending had led to reductions in manufacturing output and rising unemployment . Share values continued to rise until the Wall Street crash, after which the slide continued for three years, which

Core Curriculum (Columbia College) - Misplaced Pages Continue

5796-674: The "liberal arts" or "liberal pursuits" (Latin liberalia studia ) were already called so in formal education during the Roman Empire . The first recorded use of the term "liberal arts" ( artes liberales ) occurs in De Inventione by Marcus Tullius Cicero , but it is unclear if he created the term. Seneca the Younger discusses liberal arts in education from a critical Stoic point of view in Moral Epistles . The exact classification of

5934-447: The 1937 recession that interrupted it). The common view among most economists is that Roosevelt's New Deal policies either caused or accelerated the recovery, although his policies were never aggressive enough to bring the economy completely out of recession. Some economists have also called attention to the positive effects from expectations of reflation and rising nominal interest rates that Roosevelt's words and actions portended. It

6072-417: The 19th century, all students were prescribed a single course of studies, save for a period of time beginning in 1830, when the college introduced the "Literary and Scientific course" in addition to the standard curriculum, which was dubbed the "Full course". The former was open to the public with no expectations of attendance, and was discontinued in 1843. In the "Full course", as set out in the 1843 revision of

6210-525: The 9th century, the remaining three arts of the " humanities " – grammar, logic, and rhetoric – were grouped as the trivium . It was in that two-fold form that the seven liberal arts were studied in the medieval Western university . During the Middle Ages , logic gradually came to take predominance over the other parts of the trivium . In the 12th century the iconic image – Philosophia et septem artes liberales (Philosophy and seven liberal arts) –

6348-525: The BA Liberal Arts, which has a slant towards arts, humanities and social sciences subjects. The New College of the Humanities also launched a new liberal education programme. Richmond American University London is a private liberal arts university where all undergraduate degrees are taught with a US liberal arts approach over a four-year programme. Durham University has both a popular BA Liberal Arts and

6486-795: The British crisis. The financial crisis now caused a major political crisis in Britain in August 1931. With deficits mounting, the bankers demanded a balanced budget; the divided cabinet of Prime Minister Ramsay MacDonald's Labour government agreed; it proposed to raise taxes, cut spending, and most controversially, to cut unemployment benefits 20%. The attack on welfare was unacceptable to the Labour movement. MacDonald wanted to resign, but King George V insisted he remain and form an all-party coalition " National Government ". The Conservative and Liberals parties signed on, along with

6624-517: The Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts. During World War I many countries suspended their gold standard in varying ways. There was high inflation from WWI, and in the 1920s in the Weimar Republic , Austria , and throughout Europe. In the late 1920s there

6762-514: The Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932. At the beginning, governments and businesses spent more in the first half of 1930 than in the corresponding period of the previous year. On the other hand, consumers, many of whom suffered severe losses in the stock market the previous year, cut expenditures by 10%. In addition, beginning in

6900-950: The European origin of the liberal arts college, the term liberal arts college usually denotes liberal arts colleges in the United States . With the exception of pioneering institutions such as Franklin University Switzerland (formerly known as Franklin College), established as a Europe-based, US-style liberal arts college in 1969, only recently some efforts have been undertaken to systematically "re-import" liberal arts education to continental Europe, as with Leiden University College The Hague , University College Utrecht , University College Maastricht , Amsterdam University College , Roosevelt Academy (now University College Roosevelt), University College Twente (ATLAS), Erasmus University College ,

7038-480: The Federal Reserve did not act to limit the decline of the money supply was the gold standard . At that time, the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act , which required 40% gold backing of Federal Reserve Notes issued. By the late 1920s, the Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit

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7176-463: The Global Core; either "Art Humanities" or "Music Humanities"; and "University Writing"; in addition to two semesters of physical education. The "Technical Core" consists of the semester-long "The Art of Engineering", as well as requirements in calculus, chemistry, computer science, and physics. Liberal arts Liberal arts education (from Latin liberalis  'free' and ars  'art or principled practice')

7314-442: The Great Depression is right, or the traditional Keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great Depression. Today there is also significant academic support for the debt deflation theory and the expectations hypothesis that – building on the monetary explanation of Milton Friedman and Anna Schwartz – add non-monetary explanations. There

7452-639: The Great Depression. According to the U.S. Senate website, the Smoot–Hawley Tariff Act is among the most catastrophic acts in congressional history. Many economists have argued that the sharp decline in international trade after 1930 helped to worsen the depression, especially for countries significantly dependent on foreign trade. Most historians and economists blame the Act for worsening the depression by seriously reducing international trade and causing retaliatory tariffs in other countries. While foreign trade

7590-473: The New Deal prolonged the Great Depression, as they argue that National Industrial Recovery Act of 1933 and National Labor Relations Act of 1935 restricted competition and established price fixing. John Maynard Keynes did not think that the New Deal under Roosevelt single-handedly ended the Great Depression: "It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on

7728-540: The U.K. economy, which experienced an economic downturn throughout most of the late 1920s, was less severely impacted by the shock of the depression than the U.S. By contrast, the German economy saw a similar decline in industrial output as that observed in the U.S. Some economic historians attribute the differences in the rates of recovery and relative severity of the economic decline to whether particular countries had been able to effectively devaluate their currencies or not. This

7866-485: The U.S. unemployment rate down below 10%. World War II had a dramatic effect on many parts of the American economy. Government-financed capital spending accounted for only 5% of the annual U.S. investment in industrial capital in 1940; by 1943, the government accounted for 67% of U.S. capital investment. The massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending

8004-476: The US educational system. Students are expected to use their skills received at the gymnasium to further develop their personality in their own responsibility, e.g. in universities' music clubs, theatre groups, language clubs, etc. Universities encourage students to do so and offer respective opportunities but do not make such activities part of the university's curriculum. Thus, on the level of higher education, despite

8142-622: The United States, agricultural organizations sponsored programs to teach housewives how to optimize their gardens and to raise poultry for meat and eggs. Rural women made feed sack dresses and other items for themselves and their families and homes from feed sacks. In American cities, African American women quiltmakers enlarged their activities, promoted collaboration, and trained neophytes. Quilts were created for practical use from various inexpensive materials and increased social interaction for women and promoted camaraderie and personal fulfillment. Oral history provides evidence for how housewives in

8280-543: The United States, remained on the gold standard into 1932 or 1933, while a few countries in the so-called "gold bloc", led by France and including Poland, Belgium and Switzerland, stayed on the standard until 1935–36. According to later analysis, the earliness with which a country left the gold standard reliably predicted its economic recovery. For example, The UK and Scandinavia, which left the gold standard in 1931, recovered much earlier than France and Belgium, which remained on gold much longer. Countries such as China, which had

8418-731: The West, but has changed its meaning considerably, mostly expanding it. The seven subjects in the ancient and medieval meaning came to be divided into the trivium of rhetoric , grammar , and logic , and the quadrivium of astronomy , arithmetic , geometry , and music . Since the late 1990s, major universities have gradually dropped the term liberal arts from their curriculum or created schools for liberal art disciplines to categorize programs outside of science and technology. Common rebrandings for liberal arts colleges and schools include: arts and social sciences , arts and sciences and humanities . The name changing at American institutions comes as

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8556-418: The arts of the quadrivium might have appeared prior to the arts of the trivium, by the Middle Ages educational programmes taught the trivium (grammar, logic, and rhetoric) first while the quadrivium (arithmetic, geometry, music, astronomy) were the following stage of education. Rooted in the basic curriculum – the eukuklios paideia or "well-rounded education" – of late Classical and Hellenistic Greece ,

8694-612: The autumn of 2013. The first Liberal Arts program in Georgia was introduced in 2005 by American-Georgian Initiative for Liberal Education (AGILE), an NGO. Thanks to their collaboration, Ilia State University became the first higher education institution in Georgia to establish a liberal arts program. In France, Chavagnes Studium , a Liberal Arts Study Centre in partnership with the Institut Catholique d'études supérieures, and based in

8832-455: The banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. With significantly less money to go around, businesses could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, especially the New York branch . One reason why

8970-465: The behavior of housewives. The common view among economic historians is that the Great Depression ended with the advent of World War II . Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery, though it did help in reducing unemployment. The rearmament policies leading up to World War II helped stimulate

9108-431: The cause for which one is fighting is a powerful weapon in the hands of an intelligent man." In 1928, "Contemporary Civilization" was enlarged and split into two courses: "Introduction to Contemporary Civilization in the West" or "CC-A", focusing on Western history from 1200 to the present, and "Contemporary Problems in the United States" or "CC-B", which emphasized questions of modern politics and economics. In 1932, "CC-B"

9246-504: The classic intellectual and artistic literature of the Western tradition . Courses in the liberal arts have recently been developed at the University of Sydney and the University of Notre Dame . Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity , industrial production, and trade; and widespread bank and business failures around

9384-410: The collapse in global trade, contributing to the depression. By 1933, the economic decline pushed world trade to one third of its level compared to four years earlier. While the precise causes for the occurrence of the Great depression are disputed and can be traced to both global and national phenomena, its immediate origins are most conveniently examined in the context of the U.S. economy, from which

9522-551: The college's statutes, in addition to four years of the classics and German , freshmen were to study algebra, geometry, and English grammar and composition; sophomores, trigonometry and solid geometry , levelling , navigation, chemistry, physics, and rhetoric; juniors, "practical astronomy", chemistry, geology, the "principles of taste and criticism", logic, and English and modern European literature; seniors, differential and integral calculus , mechanics, philosophy and religion, and English composition. The adoption of mandatory German

9660-475: The colleges listed above, some universities in the Netherlands offer bachelors programs in Liberal Arts and Sciences ( Tilburg University ). Liberal arts (as a degree program) is just beginning to establish itself in Europe. For example, University College Dublin offers the degree, as does St. Marys University College Belfast , both institutions coincidentally on the island of Ireland. In the Netherlands, universities have opened constituent liberal arts colleges under

9798-413: The core curriculum at the University of Chicago . The course was discontinued in 1929, but was resurrected three years later as the "Colloquium in Important Books". The Great Books curriculum was officially incorporated into the Core in 1937 with the inauguration of the humanities sequence, which consisted of "Humanities A", a first-year survey of Western literature and philosophy from classical antiquity to

9936-475: The crash was a mere symptom of more general economic trends of the time, which had already been underway in the late 1920s. A contrasting set of views, which rose to prominence in the later part of the 20th century, ascribes a more prominent role to failures of monetary policy . According to those authors, while general economic trends can explain the emergence of the downturn, they fail to account for its severity and longevity; they argue that these were caused by

10074-620: The crisis, the U.S. Congress passed the Smoot–Hawley Tariff Act on 17 June 1930. The Act was ostensibly aimed at protecting the American economy from foreign competition by imposing high tariffs on foreign imports. The consensus view among economists and economic historians (including Keynesians , Monetarists and Austrian economists ) is that the passage of the Smoot–Hawley Tariff had, in fact, achieved an opposite effect to what

10212-633: The decade. The Depression had devastating economic effects on both wealthy and poor countries: all experienced drops in personal income , prices ( deflation ), tax revenues, and profits. International trade fell by more than 50%, and unemployment in some countries rose as high as 33%. Cities around the world , especially those dependent on heavy industry , were heavily affected. Construction virtually halted in many countries, and farming communities and rural areas suffered as crop prices fell by up to 60%. Faced with plummeting demand and few job alternatives, areas dependent on primary sector industries suffered

10350-408: The depression. Not all governments enforced the same measures of protectionism. Some countries raised tariffs drastically and enforced severe restrictions on foreign exchange transactions, while other countries reduced "trade and exchange restrictions only marginally": The gold standard was the primary transmission mechanism of the Great Depression. Even countries that did not face bank failures and

10488-435: The domestic price level to decline ( deflation ). There is also consensus that protectionist policies, and primarily the passage of the Smoot–Hawley Tariff Act , helped to exacerbate, or even cause the Great Depression. Some economic studies have indicated that the rigidities of the gold standard not only spread the downturn worldwide, but also suspended gold convertibility (devaluing the currency in gold terms) that did

10626-402: The drop in demand. Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of

10764-427: The economies of Europe in 1937–1939. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment. The American mobilization for World War II at the end of 1941 moved approximately ten million people out of the civilian labor force and into the war. This finally eliminated the last effects from the Great Depression and brought

10902-479: The educational programme of the trivium . Together they came to be known as the seven liberal arts . Originally these subjects or skills were held by classical antiquity to be essential for a free person ( liberalis , "worthy of a free person") to acquire in order to take an active part in civic life, something that included among other things participating in public debate, defending oneself in court, serving on juries, and participating in military service. While

11040-530: The end of the 18th century, and "Humanities B", a sophomore elective that covered the visual arts and music. Structured after "Contemporary Civilization", "Humanities A" expected students to read one book per week, a workload that placed unique burdens on freshmen. "Humanities A" would eventually morph into the modern "Masterpieces of Western Literature" course, while "Humanities B" split into "Music Humanities" and "Art Humanities" in 1941. The list of books read in "Literature Humanities" would constantly shift over time;

11178-576: The end of the month. A large sell-off of stocks began in mid-October. Finally, on 24 October, Black Thursday , the American stock market crashed 11% at the opening bell. Actions to stabilize the market failed, and on 28 October, Black Monday, the market crashed another 12%. The panic peaked the next day on Black Tuesday, when the market saw another 11% drop. Thousands of investors were ruined, and billions of dollars had been lost; many stocks could not be sold at any price. The market recovered 12% on Wednesday but by then significant damage had been done. Though

11316-494: The explanations of the Keynesians and monetarists. The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating

11454-503: The few women in the labor force, layoffs were less common in the white-collar jobs and they were typically found in light manufacturing work. However, there was a widespread demand to limit families to one paid job, so that wives might lose employment if their husband was employed. Across Britain, there was a tendency for married women to join the labor force, competing for part-time jobs especially. In France, very slow population growth, especially in comparison to Germany continued to be

11592-418: The first female author to be included in the curriculum was Jane Austen with the addition of Pride and Prejudice to the syllabus in 1985, two years after Columbia College became coeducational, while the first Black author to be incorporated into "Literature Humanities" was Toni Morrison , whose Song of Solomon was added in 2015. In the later half of the 20th century, many US universities moved towards

11730-501: The first week of June, 540 million in the second, and 150 million in two days, 19–20 June. Collapse was at hand. U.S. President Herbert Hoover called for a moratorium on payment of war reparations . This angered Paris, which depended on a steady flow of German payments, but it slowed the crisis down, and the moratorium was agreed to in July 1931. An International conference in London later in July produced no agreements but on 19 August

11868-454: The four-year undergraduate Honours degree , specifically the Master of Arts , has historically demonstrated considerable breadth in focus. In the first two years of Scottish MA and BA degrees students typically study a number of different subjects before specialising in their Honours years (third and fourth year). The University of Dundee and the University of Glasgow (at its Crichton Campus) are

12006-599: The government tried to reshape private household consumption under the Four-Year Plan of 1936 to achieve German economic self-sufficiency. The Nazi women's organizations, other propaganda agencies and the authorities all attempted to shape such consumption as economic self-sufficiency was needed to prepare for and to sustain the coming war. The organizations, propaganda agencies and authorities employed slogans that called up traditional values of thrift and healthy living. However, these efforts were only partly successful in changing

12144-509: The growing trend toward technical and vocational training in universities. In 1952, Encyclopædia Britannica published a 54 volume set titled the Great Books of the Western World under the direction of Robert Hutchins and Mortimer Adler . This monumental work was designed to serve as a comprehensive anthology of the foundational texts of Western civilization, spanning authors from Homer and Plato to Shakespeare and Newton. The collection aimed to promote critical thinking and engagement with

12282-519: The home, or took boarders, did laundry for trade or cash, and did sewing for neighbors in exchange for something they could offer. Extended families used mutual aid—extra food, spare rooms, repair-work, cash loans—to help cousins and in-laws. In Japan, official government policy was deflationary and the opposite of Keynesian spending. Consequently, the government launched a campaign across the country to induce households to reduce their consumption, focusing attention on spending by housewives. In Germany,

12420-530: The ideas that have shaped Western thought. In 1990, a second edition was released, expanding the collection to 60 volumes and updating its content to reflect more contemporary works and scholarship. In recent years, there has been a revival of interest in the Great Books and the broader Liberal Arts tradition within some contemporary Muslim educational institutions. Notably, neo-traditional Muslim scholars like Shaykh Hamza Yusuf and Shaykh Abdal Hakim Murad (also known as Tim Winter) have advocated for incorporating

12558-514: The initial crisis spread to the rest of the world. In the aftermath of World War I , the Roaring Twenties brought considerable wealth to the United States and Western Europe. Initially, the year 1929 dawned with good economic prospects: despite a minor crash on 25 March 1929, the market seemed to gradually improve through September. Stock prices began to slump in September, and were volatile at

12696-543: The lack of an adequate response to the crises of liquidity that followed the initial economic shock of 1929 and the subsequent bank failures accompanied by a general collapse of the financial markets. After the Wall Street Crash of 1929 , when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with

12834-615: The learned professions of law and medicine. The ideal of a liberal arts, or humanistic education grounded in classical languages and literature , persisted in Europe until the middle of the twentieth century; in the United States, it had come under increasingly successful attack in the late 19th century by academics interested in reshaping American higher education around the natural and social sciences. Similarly, Wilhelm von Humboldt 's educational model in Prussia (now Germany), which later became

12972-444: The liberal arts model) with 80 students. In 2013, the University of Birmingham created the School of Liberal Arts and Natural Sciences, home of a suite of flexible 4-year programs in which students study a broad range of subjects drawn from across the university, and gain qualifications including both traditional Liberal Arts and Natural Sciences, but also novel thematic combinations linking both areas. King's College London launched

13110-509: The liberal arts varied however in Roman times, and it was only after Martianus Capella in the 5th century influentially brought the seven liberal arts as bridesmaids to the Marriage of Mercury and Philology , that they took on canonical form. The four "scientific" artes – music, arithmetic, geometry, and astronomy – were known from the time of Boethius onwards as the quadrivium . After

13248-506: The literature and philosophy sequences. The most recent major addition to the Core was made in the 2000s with the addition of "Frontiers of Science", a scientific literacy course, to the curriculum. Early instruction at Columbia College, from its founding in 1754 as King's College, almost entirely revolved around the study of the classics , and entering students were expected to already be fluent in Ancient Greek and Latin . Through most of

13386-476: The long tradition of the liberal arts in Europe, education in the above sense was freed from scholastic thinking and re-shaped by the theorists of the Enlightenment ; in particular, Wilhelm von Humboldt . Since students are considered to have received a comprehensive liberal arts education at gymnasia , very often the role of liberal arts education in undergraduate programs at universities is reduced compared to

13524-512: The market entered a period of recovery from 14 November until 17 April 1930, the general situation had been a prolonged slump. From 17 April 1930 until 8 July 1932, the market continued to lose 89% of its value. Despite the crash, the worst of the crisis did not reverberate around the world until after 1929. The crisis hit panic levels again in December 1930, with a bank run on the Bank of United States ,

13662-414: The mid-1930s, a severe drought ravaged the agricultural heartland of the U.S. Interest rates dropped to low levels by mid-1930, but expected deflation and the continuing reluctance of people to borrow meant that consumer spending and investment remained low. By May 1930, automobile sales declined to below the levels of 1928. Prices, in general, began to decline, although wages held steady in 1930. Then

13800-423: The monetary base and by not injecting liquidity into the banking system to prevent it from crumbling, the Federal Reserve passively watched the transformation of a normal recession into the Great Depression. Friedman and Schwartz argued that the downward turn in the economy, starting with the stock market crash, would merely have been an ordinary recession if the Federal Reserve had taken aggressive action. This view

13938-496: The most to make recovery possible. Every major currency left the gold standard during the Great Depression. The UK was the first to do so. Facing speculative attacks on the pound and depleting gold reserves , in September 1931 the Bank of England ceased exchanging pound notes for gold and the pound was floated on foreign exchange markets. Japan and the Scandinavian countries followed in 1931. Other countries, such as Italy and

14076-427: The most. The outbreak of World War II in 1939 ended the Depression, as it stimulated factory production, providing jobs for women as militaries absorbed large numbers of young, unemployed men. The precise causes for the Great Depression are disputed. One set of historians, for example, focuses on non-monetary economic causes. Among these, some regard the Wall Street crash itself as the main cause; others consider that

14214-568: The need to balance the national budget and was unwilling to implement expensive welfare spending . In 1930, Hoover signed the Smoot–Hawley Tariff Act , which taxed imports with the intention of encouraging buyers to purchase American products, which worsened the Depression because foreign governments retaliated with tariffs on American exports. In 1932, Hoover established the Reconstruction Finance Corporation , which offered loans to businesses and support to local governments. In

14352-399: The oldest course of the Core Curriculum, which faculty presented as a "peace issues" course intended to confront the realities of the post-war era. Writing about "Contemporary Civilization", Dean Herbert Hawkes stated that "its significance rested on the fundamental principle that in the long run man's accomplishment can rise no higher than his ideals, and that an understanding of the worth of

14490-604: The only Scottish universities that currently offer a specifically named 'Liberal Arts' degree. In Slovakia , the Bratislava International School of Liberal Arts (BISLA) is located in the Old Town of Bratislava . It is the first liberal arts college in Central Europe. A private, accredited three-year degree-granting undergraduate institution, it opened in September 2006. The Commission on Higher Education of

14628-483: The physical volume of exports fall, but also the prices fell by about 1 ⁄ 3 as written. Hardest hit were farm commodities such as wheat, cotton, tobacco, and lumber. Governments around the world took various steps into spending less money on foreign goods such as: "imposing tariffs, import quotas, and exchange controls". These restrictions triggered much tension among countries that had large amounts of bilateral trade, causing major export-import reductions during

14766-477: The policies prolonged the Depression instead of shortening it. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%; in the U.S., the Depression resulted in a 30% contraction in GDP. Recovery varied greatly around the world. Some economies, such as the U.S., Germany and Japan started to recover by the mid-1930s; others, like France, did not return to pre-shock growth rates until later in

14904-406: The political situation in Europe. In their book, A Monetary History of the United States , Milton Friedman and Anna J. Schwartz also attributed the recovery to monetary factors, and contended that it was much slowed by poor management of money by the Federal Reserve System . Chairman of the Federal Reserve (2006–2014) Ben Bernanke agreed that monetary factors played important roles both in

15042-566: The result of modern statistics suggesting a Liberal Arts degree offers graduates a considerably lower income when compared to science and technology graduates. Despite the rebranding, liberal arts degrees traditionally describe the following disciplines: English , Literature , Fine arts , Foreign languages , Philosophy , Psychology , Sociology , Music , Journalism , Communications , Architecture , Creative arts , Art and History . Degrees in Liberal studies are often confused with those in

15180-673: The role model for higher education also in North America, went beyond vocational training. In a letter to the Prussian king, he wrote: There are undeniably certain kinds of knowledge that must be of a general nature and, more importantly, a certain cultivation of the mind and character that nobody can afford to be without. People obviously cannot be good craftworkers, merchants, soldiers or businessmen unless, regardless of their occupation, they are good, upstanding and – according to their condition – well-informed human beings and citizens. If this basis

15318-434: The scale necessary to make the grand experiments which would prove my case—except in war conditions." According to Christina Romer , the money supply growth caused by huge international gold inflows was a crucial source of the recovery of the United States economy, and that the economy showed little sign of self-correction. The gold inflows were partly due to devaluation of the U.S. dollar and partly due to deterioration of

15456-450: The secondary school level prepares students for higher education at a university. Curricula differ from school to school, but generally include language , chemistry , biology , geography , art , mathematics , music, history, philosophy, civics , social sciences , and foreign languages. In the United States, liberal arts colleges are schools emphasizing undergraduate study in the liberal arts. The teaching at liberal arts colleges

15594-454: The semester-long "University Writing" ("UW"), and the semester-long "Frontiers of Science" ("FroSci"). All sophomores are required to take a year of "Contemporary Civilization" ("CC"). The other requirements, which can be completed any year, include a semester of "Masterpieces of Western Music" ("Music Humanities" or "Music Hum"); a semester of "Masterpieces of Western Art" ("Art Humanities" or "Art Hum"); two semesters of science; four semesters of

15732-637: The social sciences. Forman Christian College is a liberal arts university in Lahore , Pakistan. It is one of the oldest institutions in the Indian subcontinent . It is a chartered university recognized by the Higher Education Commission of Pakistan . Aga Khan University offers a worldclass liberal arts education in the arts and sciences in Karachi , Pakistan, and Habib University in Karachi , Pakistan offers

15870-530: The stage for a major change in curricular focus in the early 20th century. In 1917, the United States Army commissioned the university to create a "war issues" course in order to educate the Student Army Training Corps , and to explain the causes of WWI and the reasons for US involvement in the conflict. Following the war, in 1919, this course was transformed into "Contemporary Civilization,"

16008-404: The study of these classical works into the curriculum. These scholars emphasize that Muslims historically engaged deeply with the classical liberal arts, particularly the trivium (grammar, rhetoric, and logic) and quadrivium (arithmetic, geometry, music, and astronomy), both of which are foundational to the Western liberal arts tradition. Institutions like Zaytuna College in the United States and

16146-638: The term liberal arts consists of four areas: the natural sciences, social sciences, arts, and humanities . Academic areas that are associated with the term liberal arts include: For example, the core courses for Georgetown University's Doctor of Liberal Studies program cover philosophy, theology, history, art, literature, and the social sciences. Wesleyan University 's Master of Arts in Liberal Studies program includes courses in visual arts, art history, creative and professional writing, literature, history, mathematics, film, government, education, biology, psychology, and astronomy. Liberal arts education at

16284-528: The terminology university college since the late 1990s. The four-year bachelor's degree in Liberal Arts and Sciences at University College Freiburg is the first of its kind in Germany. It started in October 2012 with 78 students. The first Liberal Arts degree program in Sweden was established at Gothenburg University in 2011, followed by a Liberal Arts Bachelor Programme at Uppsala University 's Campus Gotland in

16422-425: The traditional Latin grammar and rhetoric, and added to them history, Greek, and moral philosophy (ethics), with a new emphasis on poetry as well. The educational curriculum of humanism spread throughout Europe during the sixteenth century and became the educational foundation for the schooling of European elites, the functionaries of political administration, the clergy of the various legally recognized churches, and

16560-406: The trivium and quadrivium in these institutions highlights the enduring value of liberal arts education, not only in Western contexts but also within broader, more global educational traditions. In most parts of Europe, liberal arts education is deeply rooted. In Germany, Austria and countries influenced by their education system it is called ' humanistische Bildung' (humanistic education). The term

16698-471: The world, recovery from the Great Depression began in 1933. In the U.S., recovery began in early 1933, but the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940, albeit down from the high of 25% in 1933. There is no consensus among economists regarding the motive force for the U.S. economic expansion that continued through most of the Roosevelt years (and

16836-659: The world. The financial crisis escalated out of control in mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. This put heavy pressure on Germany, which was already in political turmoil. With the rise in violence of National Socialist ('Nazi') and Communist movements, as well as investor nervousness at harsh government financial policies, investors withdrew their short-term money from Germany as confidence spiraled downward. The Reichsbank lost 150 million marks in

16974-486: The world. The economic contagion began in 1929 in the United States , the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. The Depression was preceded by a period of industrial growth and social development known as the " Roaring Twenties ". Much of the profit generated by the boom was invested in speculation , such as on

17112-778: The worldwide economic decline and eventual recovery. Bernanke also saw a strong role for institutional factors, particularly the rebuilding and restructuring of the financial system, and pointed out that the Depression should be examined in an international perspective. Women's primary role was as housewives; without a steady flow of family income, their work became much harder in dealing with food and clothing and medical care. Birthrates fell everywhere, as children were postponed until families could financially support them. The average birthrate for 14 major countries fell 12% from 19.3 births per thousand population in 1930, to 17.0 in 1935. In Canada, half of Roman Catholic women defied Church teachings and used contraception to postpone births. Among

17250-639: Was a scramble to deflate prices to get the gold standard's conversation rates back on track to pre-WWI levels, by causing deflation and high unemployment through monetary policy. In 1933 FDR signed Executive Order 6102 and in 1934 signed the Gold Reserve Act . The two classic competing economic theories of the Great Depression are the Keynesian (demand-driven) and the Monetarist explanation. There are also various heterodox theories that downplay or reject

17388-478: Was a small part of overall economic activity in the U.S. and was concentrated in a few businesses like farming, it was a much larger factor in many other countries. The average ad valorem (value based) rate of duties on dutiable imports for 1921–1925 was 25.9% but under the new tariff it jumped to 50% during 1931–1935. In dollar terms, American exports declined over the next four years from about $ 5.2 billion in 1929 to $ 1.7 billion in 1933; so, not only did

17526-500: Was accompanied by a loss of confidence in the financial system. By 1933, the U.S. unemployment rate had risen to 25 percent, about one-third of farmers had lost their land, and about half of the country's 25,000 banks had gone out of business. Many people, unable to pay mortgages or rent, became homeless and relied on begging or charities to feed themselves. The U.S. federal government initially did little to help. President Herbert Hoover , like many of his fellow Republicans , believed in

17664-457: Was created in 1990 following a report from professor Wm. Theodore de Bary in which he urged the university to expand the Core to include topics in non-Western cultures, in line with its original mission to facilitate discussion in contemporary issues. It consisted of a requirement that students take two courses in non-Western cultures from a list drawn up by the Committee on the Core Curriculum, and

17802-474: Was endorsed in 2002 by Federal Reserve Governor Ben Bernanke in a speech honoring Friedman and Schwartz with this statement: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again. The Federal Reserve allowed some large public bank failures – particularly that of

17940-563: Was established in 1947 by de Bary as "Oriental Humanities". The most recent addition to the Core is "Frontiers of Science", which includes a set of analytical approaches that apply to all disciplines of science. "Frontiers of Science" is taught as four three-week units: two from the physical sciences and two from the life sciences. All first-year students in Columbia College must take the year-long "Masterpieces of Western Literature" course (also known as "Literature Humanities" or "Lit Hum"),

18078-426: Was given by American economists Milton Friedman and Anna J. Schwartz . They argued that the Great Depression was caused by the banking crisis that caused one-third of all banks to vanish, a reduction of bank shareholder wealth and more importantly monetary contraction of 35%, which they called "The Great Contraction ". This caused a price drop of 33% ( deflation ). By not lowering interest rates, by not increasing

18216-491: Was in the form of Federal Reserve demand notes. A "promise of gold" is not as good as "gold in the hand", particularly when they only had enough gold to cover 40% of the Federal Reserve Notes outstanding. During the bank panics, a portion of those demand notes was redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by

18354-446: Was intended. It exacerbated the Great Depression by preventing economic recovery after domestic production recovered, hampering the volume of trade; still there is disagreement as to the precise extent of the Act's influence. In the popular view, the Smoot–Hawley Tariff was one of the leading causes of the depression. In a 1995 survey of American economic historians, two-thirds agreed that the Smoot–Hawley Tariff Act at least worsened

18492-626: Was made that year, following a $ 20,000 bequest from Frederick Gebhard which established the university's German department, though it was soon made optional in 1847. By the late-19th century, many American universities, including Harvard, had seen a trend towards more elective programs. President Frederick A. P. Barnard was an early supporter of this movement—in 1872, Yale President Noah Porter criticized him as one of "the educational reformers who should know better" for his advocacy in favor of elective curricula and his support for Charles William Eliot of Harvard. During his tenure he managed to establish

18630-449: Was produced by an Alsatian nun and abbess Herrad of Landsberg with her community of women as part of the Hortus deliciarum . Their encyclopedia compiled ideas drawn from philosophy, theology, literature, music, arts, and sciences and was intended as a teaching tool for women of the abbey. The image Philosophy and seven liberal arts represents the circle of philosophy, and is presented as

18768-543: Was revised in the face of the Great Depression to center the questions of economic security, institutions, and policies. The course was dropped altogether in 1968, while the "CC-A" syllabus was overhauled to focus on politics and revolution in response to the 1968 student protests , and evolved into the course it is today. The "General Honors" course was instituted in 1920, formed around a list of " Great Books " created by professor John Erskine , who would go on to create

18906-415: Was soon renamed to "Major Cultures". Following a 2007 hunger strike which called for increased funding ethnic studies, a reform of the Core, and revisions to the university's Manhattanville expansion plan, Major Cultures was replaced in 2008 with the Global Core. The oldest course in the Global Core is the "Colloquium on Major Texts", more commonly known as "Asian Humanities", a course on Asian classics which

19044-464: Was the rollback of those same reflationary policies that led to the interruption of a recession beginning in late 1937. One contributing policy that reversed reflation was the Banking Act of 1935 , which effectively raised reserve requirements, causing a monetary contraction that helped to thwart the recovery. GDP returned to its upward trend in 1938. A revisionist view among some economists holds that

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