PPPM 280 Lecture Notes - Lecture 3: Externality, Profit Motive, American Recovery And Reinvestment Act Of 2009

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Document Summary

Humans have always been involved in charity- caring for those in need. Nonprofits are supported by all primary religious traditions. Early history of american charity goes back to the elizabethan era. Poor laws 1597 and 1601 required churches to take care of the poor. The statute of charitable uses 1601 - regulated charity. Nonprofit sector in the us is intertwined with the developments of corporations. Looked on with suspicion (power/money in the hands of the few) One of the first corporations in the us: harvard university 1636. Saw groups of people working together for political action & for mutual support in the. We like to work together and get things done. Voluntary/charitable support important part of our form of democracy. What we imagine as corporations and nonprofits are really a late 19th century/20th century development. Growth of the nonprofit sector following civil war as newly wealthy individuals created universities, foundations, libraries, hospitals etc.