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ERIC Number: EJ946416
Record Type: Journal
Publication Date: 2011-Sep
Pages: 4
Abstractor: ERIC
ISSN: ISSN-0748-478X
Then and Now: Fundraising during a Fiscal Crisis--Lessons from the 19th Century
Muscatelli, Anton; Mackay, Francesca
CURRENTS, v37 n7 p36-39 Sep 2011
A housing and municipal construction bubble popped and generated a lending crisis in which interbank lending rates became impossibly high. The banking crisis, which spread across Europe and the United States, eventually impacted other industries, leading to a stock market crash and an economic contraction lasting several years. This was not in 2008, but in the 1870s. And Scotland's University of Glasgow was in the midst of a major fundraising campaign. Today's economic climate is a difficult one, but fundraising campaigns at universities in the U.K. have survived and succeeded during equally difficult times more than 100 years ago. The University of Glasgow, which undertook a campaign to rebuild the university at a new campus location during the late 19th century, serves as an excellent example. What the successful 19th-century campaign particularly emphasizes is that persistence is of utmost importance to the success of a campaign.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United Kingdom (Glasgow); United Kingdom (Scotland); United States