University of Virginia Library

EDUCATION FOR BUSINESS EXECUTIVE

In 1920 the School of Commerce and Business Administration was organized
as a separate School of the College. In the spring of 1921 a loyal and public-spirited
alumnus, Mr. Paul Goodloe McIntire, gave the University the sum of
$200,000 as a permanent endowment for the School and the title was then changed
to the McIntire School of Commerce.

In announcing Mr. McIntire's gift, President Alderman stated that, "In this
new department he seeks to care in a high way for training in the great field
which develops trade and commerce and material prosperity. The South has
furnished more than its share of soldiers, statesmen, and lawyers. It is his belief
and mine that we must now prepare to train great business men for the important
services of trade and commerce."

As the result of Mr. McIntire's gift the new School was then placed on a
permanent basis and a well-defined course of study, leading to the degree of
Bachelor of Science in Commerce, was established. It was the aim of the Faculty
in working out the requirements for the degree to combine as effectively as possible
both cultural and professional subjects. The purpose is to render available to the
business executive an education which is liberal as well as professional in nature.