During the multiculturalist wave that started in the 1950s, traditional ethnic art flowed in from across the globe. Today, that wave has receded as contemporary art has gained momentum. The trend toward contemporary art became more palpable in the 1990s. Baby Boomers had been exposed to ethnic art through programs like the Peace Corps. However, as interest in such programs has waned, later generations of art students have become less likely to interact with ethnic art and, consequently, more likely to gravitate toward contemporary studies. From auction houses to art galleries to museums, the money is in contemporary art, meaning new graduates looking for employment must be conversant in that area. Colleges and universities are responding by requiring faculty to teach contemporary art. As a result, it has become more difficult to find courses emphasizing ethnic art. The risk of only teaching students contemporary art is that students will graduate with an incomplete understanding of art history. One of the benefits of contemporary art is its transnational character. An artist can be from Latin America but producing art in the United States about an issue in the Middle East, for example. This allows room to introduce the history of art from different parts of the world. Many contemporary artists are reframing the past and bringing the past to the present. In the classroom, one has to be prepared to have an intervention. One needs the past for understanding contemporaneity. The change in the market demands a change in strategy in the Academy.