The Berkeley Student Cooperative ( BSC ) (formerly known as University Students' Cooperative Association or the USCA ) is a student housing cooperative serving primarily UC Berkeley students, but open to any full-time post-secondary student. The BSC houses and/or feeds over 1,300 students in 17 houses and three apartment buildings. Food is provided to residents of the 17 houses, which also offer boarding meal plans to non-residents. As part of their rental agreement, residents of the houses are required to perform workshifts, typically five hours per week. The BSC is led by a board of directors which is primarily composed of and elected by student members.
150-522: In the beginning of 1933, to meet the need for affordable student housing during the Great Depression , Berkeley YMCA director Harry Lees Kingman inspired a group of students to start the first cooperative house in Berkeley, where student would do work-shifts in exchange for common food and lower rent. The house would be based on Rochdale Principles , which include: democratic control, common purchase of
300-594: A Northside fraternity house, it became the original Barrington Hall housing 48 students. The following year, another fraternity house was leased, this time on Southside , it became Sheridan Hall housing 100 students. The two joined to form the University of California Students' Cooperative Association (UCSCA). In 1935, the Sigma Nu lease was allowed to expire and instead UCSCA leased Berkeley's largest apartment building located at 2315 Dwight Way, housing 200 members and took on
450-644: A University of California campus. At the house or apartment complex level, residents have the option of electing a "WRM" Waste-reduction Manager. These managers are responsible for recycling plastics, glass, paper, cardboard as well as composting. Waster-reduction Managers usually maintain color-coded bins, post information sheets and hold workshops/seminars to help residents make sustainable choices. WRMs can fine residents who do not follow house/apartment sustainability policies. The BSC also incorporates food waste reduction strategies into its food management system, by coordinating collections of compost. Cooperative living
600-626: 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,
750-418: 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
900-532: A chapter room located inside the fraternity's house. Entry into chapter rooms is often prohibited to all but the initiated. In one extreme case, the response of firefighters to a blaze signaled by an automated alarm at the Sigma Phi chapter house at the University of Wisconsin in 2003 was hampered in part because fraternity members refused to disclose to emergency responders the location of the hidden chapter room, where
1050-551: A council of multicultural Greek organizations. The National Multicultural Greek Council , officially formed in 1998, is a coordinating body of 19 Greek organizations, including nine fraternities, and ten sororities with cultural affiliations. The first multicultural sorority, Mu Sigma Upsilon , was established in November 1981 at Rutgers University in New Brunswick, New Jersey . The formation of this Greek organization allowed for
1200-537: 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
1350-459: 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
1500-809: A massive decline in income and to employment that was well below the average. In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment. Fraternities and sororities In North America , fraternities and sororities ( Latin : fraternitas and sororitas , 'brotherhood' and 'sisterhood') are social clubs at colleges and universities . They are sometimes collectively referred to as Greek life or Greek-letter organizations , as well as collegiate fraternities or collegiate sororities to differentiate them from traditional not (exclusively) university-based fraternal organizations and fraternal orders that have historically acted as friendly societies or benefit societies to certain groups unlike
1650-664: A minority of Greek-letter organizations and no such fraternity is currently a member of the North American Interfraternity Conference, the largest international association of fraternities. The first coed fraternity was Pi Alpha Tau (1963–1991) at the University of Illinois at Chicago . Much more commonly, coed fraternities exist in the form of service fraternities, such as Alpha Phi Omega , Epsilon Sigma Alpha , Alpha Tau Mu and others . These organizations are similar to social fraternities and sororities, except they are coed and non-residential. Similarly, in
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#17328528053241800-596: 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
1950-402: 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
2100-507: A national or international organization that sets standards, regulates insignia and ritual, publishes a journal or magazine for all of the chapters of the organization, and has the power to grant and revoke charters to chapters. These federal structures are largely governed by alumni members of the fraternity, though with some input from the active (student) members. Before 1900, the expansion of fraternal housing and competition among fraternities led to increasingly aggressive recruitment among
2250-587: A scholastic honor society and abandoned secrecy. In 1825, Kappa Alpha Society , the first fraternity to retain its social characteristic, was established at Union College in Schenectady, New York . In 1827, Sigma Phi and Delta Phi were also founded at the same institution, creating the Union Triad . The further birthing of Psi Upsilon (1833), Omicron Kappa Epsilon (1834), Chi Psi (1841), and Theta Delta Chi (1847) collectively established Union College as
2400-493: A sequence of two or three Greek letters, for instance, Delta Delta Delta , Sigma Chi , Chi Omega , or Psi Upsilon . There are a few exceptions to this general rule, as in the case of the fraternities Triangle , Acacia , and Seal and Serpent . There are approximately nine million student and alumni members of fraternities and sororities in North America , or about three percent of the total population. Roughly 750,000 of
2550-563: 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
2700-474: 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
2850-433: A specific section of university-owned housing provided to them. Some fraternities and sororities are un-housed, with members providing their accommodations. In many of these cases, the fraternity or sorority owns or rents a non-residential clubhouse on or off campus to use for meetings and other activities. With a few exceptions, most fraternities and sororities are secret societies . While the identity of members or officers
3000-699: 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
3150-642: 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
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#17328528053243300-619: Is a faux Tudor mansion built in 1906 during the Beaux-Arts architecture movement by John Galen Howard . Who was supervising architect of the Master Plan for the University of California, Berkeley campus, and founding the University of California's architecture program . Among his buildings are the Campanile , California Memorial Stadium , Sather Gate , and the Hearst Greek Theatre . He
3450-657: Is a vegetarian themed house. Many residents are vegetarians and vegans , but diet is not a condition of residence. Lothlorien retains a unique communal culture with fusion of art and progressive activism being a mainstay of the house. 7 Singles - 20 Doubles - 2 Triples - 1 Quad 11 Singles - 6 Doubles - 5 Triples 8 Singles - 13 Doubles - 2 Triples 18 Singles - 23 Doubles 25 Singles 8 Singles - 15 Doubles 9 Singles - 7 Doubles - 2 Triples All BSC apartment units are wheelchair accessible. 36 Apartments of 1 to 4 bedroom 13 One Bedroom Apartments - 3 Studio Apartments 96 apartments 1 to 4 bedrooms Rochdale Village
3600-506: Is based on applicants eligibility, how long they have been a member of BSC, the member's preferences, and the number of vacancies in their preferred house(s). Central Kitchen handles and delivers the food orders for all of the houses but not the apartments. Food orders are handled on the house level by the Food or Kitchen Managers. Central Kitchen also handles the supply orders for all of the houses, such as toilet paper and cleaning supplies, as well as
3750-432: Is being contested vigorously in U.S. federal court by several affected fraternities and sororities. Individual chapters of fraternities and sororities are largely self-governed by their active (student) members; however, alumni members may retain legal ownership of the fraternity or sorority's property through an alumni chapter or alumni corporation. All of a single fraternity or sorority's chapters are generally grouped in
3900-607: Is considered to be the finest residence at BCS. Referred to as "the retirement home, " as it is occupied by co-opers who have been part of the BSC system for the longest time. The building was originally built in 1913 as the Richard Clark house, a single-family mansion, built for the family of Richard Clark an associate of William Randolph Hearst . The beautiful interiors are described by Sara Holmes Boutelle in her book Julia Morgan: Architect : "Morgan gave free play to her love of complexity in
4050-454: Is effectively blindfolded during the proceedings, and at last, still sightless, I was led down flights of steps into a silent crypt and helped into a coffin, where I was to stay until the Resurrection...Thus it was that just as my father passed from this earth, I was lying in a coffin during my initiation into Delta Kappa Epsilon. Meetings and rituals are sometimes conducted in what is known as
4200-453: Is facilitate and accomplish acts of community service ; this is in contrast to certain social fraternities and sororities or religious fraternities and sororities that participate in philanthropy and community service as a non-primary (secondary or tertiary) mission. Fraternities and sororities traditionally have been single-sex organizations, with fraternities consisting exclusively of men and sororities consisting exclusively of women. In
4350-547: Is located at 2310 Prospect Street close to Davis house, on the other side of Alpha Phi. Its most distinguishing external feature is the three-story red brick staircase leading up to the Warring Street entrance. Built in 1911, it was designed in the Mediterranean style for metallurgist Charles Washington Merrill , with the view of the bay being the centerpiece of its design. It originally featured an S-shaped driveway running up
4500-549: Is one of the oldest and largest women's membership organizations, representing more than four million women at 655 college and university campuses and 4,500 local alumni chapters in the U.S. and Canada. In 1867, the Chi Phi fraternity established its Theta chapter at the University of Edinburgh in Scotland , marking the first foray of the American social fraternity outside the borders of
4650-594: Is rarely concealed, fraternities and sororities initiate members following the pledge period through sometimes elaborate private rituals, frequently drawn or adopted from Masonic ritual practice or that of the Greek mysteries. After an initiation ritual, the organization's secret motto, secret purpose, and secret identification signs, such as handshakes and passwords, are usually revealed to its new members. Some fraternities also teach initiates an identity search device used to confirm fellow fraternity members. Julian Hawthorne ,
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4800-493: 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
4950-408: Is sustainable in the sense that group living involves shared meals and facilities that can contribute to less waste, reduction in resource use, and collaboration in sustainable efforts. The BSC currently operates 20 houses and apartments (of which it owns 16), housing and/or feeding over 1300 students and ranging from small houses of 17 residents to large houses of over 100 residents. The BSC also owns
5100-523: 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
5250-526: The Berkeley Student Cooperative ( BSC ). The BSC is governed by a board of directors with 28 voting members. Each of the 17 houses and 3 apartment complexes elects a representative to a 12-month term approximately corresponding the UC Berkeley academic year. Larger houses may have up to 4 representatives. The BSC Alumni Association and Employees Association also each have one representative. At
5400-568: The GI Bill . There would be 51 students at Ridge House and 150 at Cloyne Court Hotel. Several years later a former Inn was purchased, similar in structure and size, like Stebbins it was converted to an all female house. Several years later, due to changes in state law, the association could no longer have University of California in its name, and changed its name to the University Students' Cooperative Association (USCA) . A smaller house – Kidd hall
5550-496: The Hearst Greek Theatre . During this time she was also the architect of three building owned by the BSC - Davis House, Wolf House and Person of Color Theme House (formerly known as Andres Castro Arms). Davis House is located at 2833 Bancroft Steps, Southside of campus, on a pedestrian pathway between it and the Alpha Phi sorority, also being close to International House and California Memorial Stadium . It holds 36 residents and
5700-548: The Mother of Fraternities . The social fraternity Chi Phi , officially formed in 1854, traces its roots to a short-lived organization founded at Princeton University in Princeton, New Jersey , in 1824 bearing the same name. Fraternities represented the intersection between dining clubs , literary societies , and secret initiatory orders such as Freemasonry . Their early growth was widely opposed by university administrators, though
5850-565: 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
6000-823: 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 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
6150-714: The United States cabinet have been members of fraternities and sororities, and the current chief executive officers of five of the ten largest Fortune 500 companies are members of fraternities and sororities. In addition, 85 percent of all justices of the U.S. Supreme Court since 1910 have been members of fraternities. U.S. presidents since World War II who have been initiated into fraternities are George W. Bush , George H. W. Bush , Bill Clinton , Ronald Reagan , Harry S. Truman , Gerald Ford , and Franklin Roosevelt . Three Prime Ministers of Canada have been members of fraternities. In 2013, about 25 percent of members of
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6300-676: The Upsilon Sigma Phi , was founded in 1918. The first Greek-letter sorority, UP Sigma Beta Sorority, was recognized in 1932. Many early fraternities referred to Christian principles or to a Supreme Being in general, as is characteristic of fraternal orders . Some, such as Alpha Chi Rho (1895) and Alpha Kappa Lambda (1907), only admitted Christians , while others, such as Beta Sigma Psi (1925) and Phi Kappa Theta (1959), catered to students belonging with certain denominations of Christianity, such as Lutheranism and Catholicism . Due to their exclusion from Christian fraternities in
6450-525: 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,
6600-447: 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
6750-458: The BSC in 1945; where it now houses 38 students. Although retrofitted for the student housing, there are still working fireplaces, exposed, half-timber redwood beams, along with a secret stairway. Julia Morgan was the first woman architect licensed in California, and her first employment was with Howard assisting him with the University of California Master Plan ; she was the primary designer for
6900-406: The BSC, but are now closed or otherwise defunct. 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 the world. The economic contagion began in 1929 in
7050-795: 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
7200-464: 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
7350-514: 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
7500-479: The Episcopal Bishop of California, the family moved to San Francisco, the house was first rented and later sold. It was the location of a sorority before being bought by BSC in 1974. In 2002, to make the building accessible to disabled residents, BSC added a ramp that ran the length of the house along Durant to the front door, bisecting the front stairs. Person of Color Theme House (Castro) houses 56 residents and
7650-480: 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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#17328528053247800-442: 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
7950-639: 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
8100-407: The Greek system in Berkeley saw a steady decline. Many sorority and fraternity houses were forced to close for want of members, including Davis. In 1969, BSC purchased the building, one of several former Greek houses it acquired during this era. Davis Hall opened to residents in January 1970. Like all co-ops, each member had a five-hour work shift every week, and for seven of the members, cooking dinner
8250-473: 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
8400-527: The Rector of St. Mark's Church, the Rev. Edward L. Parsons , in 1905 and originally situated just east of Telegraph Avenue on Durant at 2532. In 1915, with the commercialization of Telegraph, the family of Rev. Parsons decided to have the house moved up Durant Avenue to 2732. The front porch became enclosed and under Morgan's supervision the location of the front door changed to fit the lot. In 1924, when Rev. Parsons became
8550-627: The Ridge House and the negative connotation of the word "project," the Ridge Project's name was changed to Casa Zimbabwe. In 1989, the members of the USCA voted to close Barrington Hall, its largest co-op, in reaction to complaints from neighbors and problems with the city. The following decade also saw the opening of two new theme houses: the African American Theme House, opened in response to
8700-617: The South acquired one. Chapters of many fraternities followed suit, purchasing and, less often, building them with support of alumni. Phi Sigma Kappa's chapter home at Cornell, completed in 1902, is the oldest such house still occupied by its fraternal builders. Sororities, originally called women's fraternities, began to develop in 1851 with the formation of the Adelphean Society Alpha Delta Pi , though fraternity-like organizations for women didn't take their current form until
8850-540: 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
9000-485: 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
9150-516: The United States, Jewish students began to establish their own fraternities in 1895 and 1920, with the first one being Zeta Beta Tau , founded in 1898. Although many of the religion-specific requirements for many fraternities and sororities have been relaxed or removed, there are some today that continue to rally around their faith as a focal point, such as Beta Upsilon Chi (1985) and Sigma Alpha Omega (1998). Numerous Greek organizations in
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#17328528053249300-622: 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
9450-553: The United States, fraternities and sororities have a statutory exemption from Title IX legislation prohibiting this type of gender exclusion within student groups, and organizations such as the Fraternity and Sorority Political Action Committee lobby to maintain it. Since the mid-20th century, a small number of fraternities, such as Alpha Theta , Lambda Lambda Lambda , and Alpha Phi Omega have opted to become co-educational and admit female members; however, these generally represent
9600-537: The United States, professional fraternities, such as Alpha Kappa Psi , Delta Sigma Pi , and Phi Gamma Nu are required to be co-ed under the Title IX amendments, as are any fraternities that are not social fraternities. In 2014, Sigma Phi Epsilon became the first fraternity in the North American Interfraternity Conference to accept transgender members, or those identifying as male, to join
9750-543: 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
9900-492: The United States. Fraternities and sororities have been criticized for practicing elitism and favoritism , discriminating against non White students and other marginalized groups, conducting dangerous hazing rituals , and facilitating alcohol abuse . Many colleges and universities have sought to reform or eliminate them due to these concerns, but these efforts have typically been met with intense controversy. The first fraternity in North America to incorporate most of
10050-658: The United States. At the time, many students from the American South were moving to Europe to study because of the disrepair southern universities fell into during the American Civil War . One such group of Americans organized Chi Phi at Edinburgh; however, during the Theta chapter's existence, it initiated no non-American members. With declining American enrollment at European universities, Chi Phi at Edinburgh closed in 1870. Nine years following Chi Phi's abortive colonization of
10200-595: The United States], Kappa Alpha Theta , was established in Toronto in 1887. By 1927 there were 42 fraternity and sorority chapters at the University of Toronto and 23 at McGill University. A few chapters were also reported at the University of British Columbia , Carleton University , Dalhousie University , University of Manitoba , Queen's University , University of Western Ontario , Wilfrid Laurier University , University of Waterloo and Brock University . The arrival of
10350-507: The University of Edinburgh, a second attempt was made to transplant the fraternity system outside the United States. In 1879, Zeta Psi established a chapter at the University of Toronto . Zeta Psi's success in Toronto prompted it to open a second Canadian chapter at McGill University , which it chartered in 1883. Other early foundations were Kappa Alpha Society at Toronto in 1892 and at McGill in 1899, and Alpha Delta Phi at Toronto in 1893 and at McGill in 1897. The first sorority [outside
10500-632: The Wall Street crash, after which the slide continued for three years, which 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
10650-455: 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
10800-465: 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
10950-618: The building in 1971, and decided to name the house in honor of long-time central kitchen cook Andres Castro, who was seriously ill at the time, but later recovered. It became Person of Color Theme House (Castro) in 2016. 3 Singles - 6 Doubles - 2 Triples 31 Singles - 30 Doubles - 11 Triples 38 Singles - 39 Doubles - 8 Triples 8 Singles - 11 Doubles - 2 triples 14 Singles - 5 Doubles 57 Singles 31 Singles - 13 Doubles - 1 Triple 3 singles - 7 Doubles 11 Singles - 18 Doubles - 1 Triple Berkeley, CA 94709 14 Singles - 15 Doubles - 2 Triples - 2 Quads Commonly known as Loth, this
11100-437: The chapters of fraternities and sororities in which they have particular interests. Usually, after a potential new member has attended several such events, officers or current members meet privately to vote on whether or not to extend an invitation, known as a "bid", to the prospective applicant. Those applicants who receive a bid, and choose to accept it, are considered to have "pledged" the fraternity or sorority, thus beginning
11250-400: The cheapest available produce, open membership, market prices charged, political neutrality, limited interest on any invested capital, and return of savings to members in return for their investment. A rooming house became the first unit, with ten students becoming the first members and twelve more joining before the end of the semester. In the fall of 1933, the students leased from Sigma Nu
11400-458: 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
11550-420: The conflagration had erupted. The fraternity or sorority badge is an enduring symbol of membership in a Greek letter organization. Most fraternities also have assumed heraldic achievements. Members of fraternities and sororities address members of the same organization as "brother" (in the case of fraternities) or "sister" (in the case of sororities). The names of almost all fraternities and sororities consist of
11700-475: 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
11850-569: 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
12000-474: The current fraternity and sorority members are students who belong to an undergraduate chapter. A 2007 survey conducted by Princeton University found that White and higher-income Princeton students are much more likely than other Princeton students to be in fraternities and sororities. Senior surveys from the classes of 2009 and 2010 showed that 77 percent of sorority members and 73 percent of fraternity members were White. Since 1900, 63 percent of members of
12150-633: 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
12300-408: 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
12450-435: 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
12600-402: 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
12750-427: 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
12900-455: The elements of modern fraternities was Phi Beta Kappa , founded at the College of William and Mary in 1775. The founding of Phi Beta Kappa followed the earlier establishment of two other secret student societies that had existed on that campus as early as 1750. In 1779 Phi Beta Kappa expanded to include chapters at Harvard and Yale. By the early 19th century, the organization transformed itself into
13050-464: The emergence of a multicultural fraternity and sorority movement, giving birth to a multicultural movement. The main purpose of professional fraternities and sororities is to promote the interests of a particular profession and whose membership is generally restricted to students and alumni in particular academic disciplines or industries . The term service fraternities and sororities, is used to describe Greek life organizations who’s primary purpose
13200-576: 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
13350-412: The establishment of Pi Beta Phi in 1867 and Kappa Alpha Theta and Kappa Kappa Gamma in 1870. The term sorority was used by a professor of Latin at Syracuse University , Frank Smalley, who felt the word "fraternity" was inappropriate for a group of ladies. The word comes from Latin soror , meaning "sister," "cousin, daughter of a father's brother," or "female friend." The first organization to use
13500-494: 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
13650-503: 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
13800-501: 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
13950-683: The former site of Barrington Hall , which it leases to a for-profit landlord. BSC properties date back as far as 1904 with several of the buildings are considered to be architectural highlights of the city. Two of them are now considered as architectural landmarks: Cloyne Court built in 1904 and designated by National Register of Historic Places in 1992, and Kingman Hall built in 1914 and designated by Berkeley Landmark Preservation in 1999. BSC's other notable buildings include Ridge House designed by John Galen Howard , and three buildings designed by architect Julia Morgan - Davis Hall, Wolf House and African American Theme House (Castro). The Ridge House
14100-685: The fraternity system in Asia accompanied the introduction of the American educational system in the Philippines . The first fraternities were established in the University of the Philippines . The now-defunct Patriotic and Progressive Rizal Center Academic Brotherhood (Rizal Center Fraternity), a brotherhood of Jose Rizal followers, was founded in 1913. This was followed by the Rizal Center Sorority. The first Greek-letter organization and fraternity in Asia,
14250-420: The fraternity upon accepting a bid. Unique among most campus organizations, members of social Greek letter organizations usually congregate and sometimes live together in large houses generally privately owned by the organization itself, or by the organization's alumni association. Often fraternities and sorority houses, called lodges or chapter houses, are located on the same street or in close quarters within
14400-756: The furniture orders for both the houses and the apartments. Central Maintenance is responsible for major work on the houses, including major projects or renovations. Most minor work is handled by house Maintenance Managers. Permanent staff of the BSC is organized into a collective bargaining unit known as the Employee Association. The BSC offers priority to students in the UC Berkeley Educational Opportunity Program (EOP) (or equivalent at their respective college or university), students with disabilities, transfer students, undocumented students, and international students studying abroad at
14550-599: 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
14700-519: 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,
14850-567: The houses and apartment complexes. These managers are elected by their individual houses. Each house also holds councils every week or every other week to set house level policies and allocate house level budgets. In front of the Casa Zimbabwe building are the BSC's Central Office and the Central Kitchen and Central Maintenance facilities. Central Office handles all of the applications to BSC and determines where members will be placed. Placement
15000-529: The houses. As the US entered World War II the number of male students dropped significantly and Sherman and Atherton stopped operating. As California began forcefully relocating Japanese Americans from their homes, USCA agreed to assist and take over the lease on the Japanese Student Club's building. It became Lexington Hall, housing around 30 women prior to its return in 1948. On the other hand, Barrington Hall
15150-527: The increasing influence of fraternity alumni, as well as several high-profile court cases, succeeded in largely muting opposition by the 1880s. The first fraternity meeting hall, or lodge, seems to have been that of the Alpha Epsilon chapter of Chi Psi at the University of Michigan in Ann Arbor, Michigan , in 1845, leading to a tradition in that fraternity to name its buildings "lodges". As fraternity membership
15300-514: 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
15450-543: 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
15600-446: The law and the underlying presumption that they were less able than men," but at the same time had to deal with the same challenges as fraternities with college administrations. Today, both social and multicultural sororities are present on more than 650 college campuses across the United States and Canada. The National Panhellenic Conference (NPC) serves as the umbrella organization for 26 international sororities. Founded in 1902, NPC
15750-507: The life of the fraternity or sorority, but most likely not be permitted to hold office in the organization. After the new member period, a second vote of members may sometimes be taken, often, but not always, using a blackball system. New members who pass this second vote are invited to a formal and secret ritual of initiation into the organization, advancing them to full membership. Many Greek-letter organizations give preferential consideration for pledging to candidates whose parent or sibling
15900-512: 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 ,
16050-414: 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
16200-423: 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
16350-496: 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
16500-427: 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
16650-418: The name Barrington Hall. USCA's third house opened the following year, a former inn on Northside Ridge street became Stebbins Hall , the first female unit housing 82 members. Next, Sherman Hall originally a sorority, Oxford a large apartment building and Atherton a smaller house next to Barington, were opened. Oxford would house 112 members and also became a central-kitchen, supplying daily meals to almost all of
16800-574: The nation to receive United States Department of Housing and Urban Development (HUD) financing. More than 80% of the 259 current residents of Rochdale Village are part of the university's Educational Opportunity Program, reserved for students of a low-income or educationally disadvantaged background. Because the land on which Rochdale is located is leased from the university, only UC Berkeley students are eligible to reside during Fall and Spring semesters. There are units that are wheelchair accessible. The following facilities were once owned and/or operated by
16950-568: 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
17100-477: The neighborhood transferred from one of quiet, expensive mansions into a student-oriented neighborhood dominated by sorority and fraternity houses. At some point the house became a sorority Alpha Xi Delta and several additions were made to the building, including a sleeping porch with a deck above that features an expansive view of San Francisco Bay and the Golden Gate Bridge. In the 1960s, the popularity of
17250-440: The new fellow to mark him as a new member of the fraternity which he opted to join. Baird's further indicates that the tradition was adopted from English boarding schools, similarly jostling to recruit incoming prospects, which the aggressive fraternities found to be "handy to imitate". Variations of Rush Week continued to evolve, some offering immediate recruitment and some deferred until the second half of freshman year, or even into
17400-817: The ones mentioned in this article. Generally, membership in a fraternity or sorority is obtained as an undergraduate student but continues thereafter for life by gaining alumni status. Some accept graduate students as well, some also provide honorary membership in certain circumstances. Individual fraternities and sororities vary in organization and purpose, but most - especially the dominant form known as social fraternities and sororities - share five common elements: Fraternities and sororities engage in philanthropic activities , host parties, provide "finishing" training for new members such as instruction on etiquette, dress, and manners, and create networking opportunities for their newly graduated members. Fraternities and sororities can be tax-exempt 501(c)(7) organizations in
17550-480: The past have enacted formal and informal prohibitions on pledging individuals of different races and cultural backgrounds. This began with historically White fraternities and sororities excluding African Americans due to racism. Historically Black fraternities and sororities were spearheaded thereafter in response. Racist policies have since been abolished by the North American Interfraternity Conference , and students of various ethnicities have come together to form
17700-483: 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
17850-404: The pledge period (new member period). Students participating in rush are known as "rushees", Potential New Members "PNMs", while students who have accepted a bid to a specific fraternity or sorority are known as "new members" or in some cases "pledges". A new member period may last anywhere from one weekend to several months. During this time, new members might participate in almost all aspects of
18000-477: 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
18150-455: 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
18300-607: The recommendation of the president, the board may also seat 1–2 members of the BSC Alumni Association and/or the UC Berkeley faculty as additional board members. Most decisions are made by majority vote. The President and Vice presidents, who run committees that screen proposals for the board, are student members elected by the board to 1-year terms. The BSC also has a permanent staff of approximately 20, including maintenance, office, and food warehouse employees. Staff supervises student managers who handle day-to-day management at
18450-502: The same neighborhood, which may be colloquially known as "Greek row", "frat row", or "sorority row". Often, chapter houses are uniquely designed, highly elaborate, and very expensive to operate and maintain. Usually, the more expensive the house the higher the annual organization dues. The features and size of Greek houses play a major role in chapters remaining competitive in recruiting and retaining members on many campuses. At some, often small colleges, fraternities and sororities occupy
18600-434: 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
18750-540: The second year. Formal recruitment on all, or virtually all campuses continues as a defined Rush week, while many campuses and most chapters offer ongoing "informal rush" to welcome potential members, amounting to hundreds of thousands of new members every year. Today, most Greek letter organizations select potential members through a two-part process of vetting and probation, called rushing and pledging, respectively. During rush (recruitment), students attend designated social events, and sometimes formal interviews, hosted by
18900-515: The social fraternities, which had hitherto followed the methodical process of tapping and individualized invitations that are still present among honorary and professional fraternities. In an introductory article about the nature and history of Fraternal life, Baird's Manual indicates that the term " Rushing " and later, " Rush week " hearken to the effort to rush to meet incoming trains filled with new classmates and delegations of freshmen students, where bids were offered and lapel pins then "spiked"
19050-497: The social fraternity. Several sororities have adjusted their policies to confirm that transgender prospective members are allowable. Importantly, all these variants have stemmed from a process of self-determination, without challenge by other Greeks. In a bellwether case in 2016, Harvard University changed its student conduct code to bar members of single-sex groups from leading campus groups, serving as captains of sports teams, or participating in valuable academic fellowships. This
19200-449: The son of Nathaniel Hawthorne , wrote in his posthumously published Memoirs of his initiation into Delta Kappa Epsilon : I was initiated into a college secret society—a couple of hours of grotesque and good-humored rodomontade and horseplay, in which I cooperated as in a kind of pleasant nightmare, confident, even when branded with a red-hot iron or doused head-over-heels in boiling oil, that it would come out all right. The neophyte
19350-565: The steep hill to the house and the interior was elaborately decorated with redwood, pine and oak paneling, similar to the interior of Davis. This changed in the 1930s, when the house was bought by the Zeta Tau Alpha sorority, which stripped the interiors of the woodwork and enclosed the front porch in glass. In the 1950s, it added a northwest wing. Eventually, like other Greek houses in ZTA was unable to attract enough members to remain open. BSC purchased
19500-467: The term "sorority" was Gamma Phi Beta , established in 1874. The development of fraternities for women during this time was a major accomplishment in the way of women's rights and equality. By mere existence, these organizations were defying the odds; the founding women were able to advance their organizations despite many factors working against them. The first "Women's Fraternities" not only had to overcome "restrictive social customs, unequal status under
19650-455: The university's closing of all of its theme houses; and, in 1999, Oscar Wilde House. Oscar Wilde House is a former fraternity house, which the USCA was able to buy due to the continuing decline in the popularity of the Greek system in Berkeley. In 2007, to make itself easier to find online, and to reflect a membership that also includes community college students, the organization changed its name to
19800-514: The wood-paneled living room, dining room, and library, all of which have fireplaces with elaborate mantels. The living-room mantel is carved of oak, showing acorns, leaves, birds, and squirrels; another has classical details; brackets in the hall and on yet another fireplace, in the library, repeat the Tudor rose." With the completion of Memorial Stadium in 1923 and the International House in 1929,
19950-471: 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
20100-659: 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
20250-778: 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
20400-465: Was a member of the same fraternity or sorority. Such prospective candidates are known as "legacies". Membership in more than one fraternity or sorority is acceptable, but only in accordance within specific Greek councils. Recently, some Greek-letter organizations have replaced the term "pledge" with that of "associate member" or "new member". Sigma Alpha Epsilon , in 2014, abolished pledging altogether. Potential members are now immediately initiated into
20550-639: 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
20700-478: 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
20850-506: Was also the architect of another BSC house - Cloyne Court Hotel . The Ridge House is located in Northside , one block North of the university. It sits atop Holy Hill , the area in the vicinity of a five-way intersection surrounded on all sides by churches and seminaries, such as Graduate Theological Union . It was built for University's economics and political science professor Adolf Miller and changed hands several times before being bought by
21000-474: 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
21150-426: 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
21300-491: 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
21450-446: 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
21600-631: Was named after the English town of Rochdale , Greater Manchester, where the Rochdale Pioneers developed the Rochdale Principles of cooperation. In 1970, the City of Berkeley, the University of California, and the BSC collaborative to expand the supply of low-cost housing for University students. The result was the financing and construction of Rochdale Village, one of the first student housing projects in
21750-787: Was previously leased to the One World Family Commune and Kingman Hall was owned by the Berkeley Living Love Center . This decade also saw the construction and opening of the Rochdale Village Apartments, one of BSC's three apartment facilities. The others are Fenwick Weaver's Village and the Northside Apartments. BSC also owns two graduate and re-entry student houses, the Convent and Hillegass/Parker House, formerly Le Chateau. In 1987, due to its confusion with
21900-410: Was punishable by expulsion at many colleges at this time, the house was located deep in the woods. The first residential chapter home, built by a fraternity, is believed to have been Alpha Delta Phi 's chapter at Cornell University , with groundbreaking dated to 1878. Alpha Tau Omega became the first fraternity to own a residential house in the South when, in 1880, its chapter at the University of
22050-543: Was purchased in 1960, and in 1966, USCA opened one of the first co-ed student housing projects in the nation – the Ridge Project. In the 1960s and 1970s, Berkeley saw a decline in the popularity of the Greek System, which allowed the USCA to purchase defunct sororities which became Davis House, Andres Castro Arms, and Wolf House. The 1970s saw the opening of Lothlorien Hall, a vegetarian theme house, and Kingman Hall, both of which formerly housed New Age communities. Lothlorien
22200-570: Was temporarily rented to the Navy resulting in Oxford becoming the sole male residence. While previously deteriorating, under Navy's control Barrington underwent complete physical renovation. Right after World War II, the UCSCA purchased Ridge House, formerly a mansion, and the year after that – Cloyne Court Hotel. Both properties were bought to house men as there was a sharp increase in the student population caused by
22350-464: 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
22500-552: Was the shift, at the time this stood out from the other houses who's food was delivered from the central kitchen. Wolf House houses 29 residents, located one house down from Piedmont Avenue , between the Wright Institute and Kappa Kappa Gamma , and two blocks from the University of California . It can be considered as part of the 'frat row' on the Southside area of Berkeley, area dominated by sororities and fraternities. Built for
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