We are taught that the Great Depression started with the stock market crash on October 29, 1929 or what is called “Black Tuesday”. In The Cooperative Engineer magazine, the quarterly publication of the students and alumni of the College of Engineering with its focus on industry partnered education, the word depression was not used to describe the current circumstances of the day until the October 1931 issue. Over the course of 4 issues, starting in October 1931 and running through to the June 1932 issue, the editors ran a series of “Faculty Articles” dealing with that they termed “Present-Day Trends in Problems of Commerce and Industry” or what we would now call The Great Depression.
The first of the four Faculty Articles is a reflective piece titled “The Fourth Great Era” by Hermann Schneider, the then-current Dean of the College of Engineering and
known widely as the founder of cooperative education. Schneider reflects on a talk he heard at a meeting of the Institute of Politics where the speaker argued there were
three great eras throughout history, defined by equality of legal status, religious liberty, and political liberty. The fourth era would be equality of economic status where
individuals are equal in their ability to be “masters of their livelihood”. But Schneider values engineer’s deep understanding of philosophy, art, and psychology and thinks engineers must synthesize their well-rounded knowledge to lift their fellowmen. This last bit is something Schneider thinks is too often left out of the definition of what it means to be an engineer. Continue reading