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Eliot's repeated attempts to merge MIT with Harvard College's Lawrence Scientific School.

In its cramped Back Bay location, MIT could not afford to expand its overcrowded facilities, driving a desperate search for a new campus and funding.

Eventually the MIT Corporation approved a formal agreement to merge with Harvard, over the vehement objections of MIT faculty, students, and alumni.

and had been funded largely by anonymous donations from a mysterious "Mr. In January 1920, the donor was revealed to be the industrialist George Eastman of Rochester, New York, who had invented methods of film production and processing, and founded Eastman Kodak.

Between 19, Eastman donated million (6.6 million in 2015 dollars) in cash and Kodak stock to MIT.

In the 1930s, President Karl Taylor Compton and Vice-President (effectively Provost) Vannevar Bush emphasized the importance of pure sciences like physics and chemistry and reduced the vocational practice required in shops and drafting studios.

Our Word of the Year choice serves as a symbol of each year’s most meaningful events and lookup trends.

It is an opportunity for us to reflect on the language and ideas that represented each year.

The school has a strong entrepreneurial culture and the aggregated revenues of companies founded by MIT alumni would rank as the eleventh-largest economy in the world.In 1863 under the same act, the Commonwealth of Massachusetts founded the Massachusetts Agricultural College, which developed as the University of Massachusetts Amherst.In 1866, the proceeds from land sales went toward new buildings in the Back Bay.The others are natural resources (including land), and labor — the stock of competences embodied in the labor force."Physical" is used to distinguish physical capital from human capital (a result of investment in the human agent)), circulating capital, and financial capital.[1][2] "Physical capital" is fixed capital, any kind of real physical asset that is not used up in the production of a product.

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