Economics and Education
The principal achievement of Wallace's first term was an innovation in Alabama industrial development that several other states later copied: he was the first Southern governor to travel to corporate headquarters in Northern and Northeastern states to offer tax abatements and other incentives to companies willing to locate plants in Alabama.
He also initiated a junior college system that has now spread throughout the state, preparing many students to complete four-year degrees at Auburn University, UAB, or the University of Alabama. The community college in Andalusia is named for Wallace's first wife, Lurleen Burns Wallace.
The University of South Alabama, a new state university in Mobile, was chartered in 1963 during Wallace's first year in office as governor.
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Famous quotes containing the words economics and, education and/or economics:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (18941961)
“The fetish of the great university, of expensive colleges for young women, is too often simply a fetish. It is not based on a genuine desire for learning. Education today need not be sought at any great distance. It is largely compounded of two things, of a certain snobbishness on the part of parents, and of escape from home on the part of youth. And to those who must earn quickly it is often sheer waste of time. Very few colleges prepare their students for any special work.”
—Mary Roberts Rinehart (18761958)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)