JA History :: Our Story
1930 to 1939
After the stock market crash in 1929, the JA Bureau becomes financially strapped, and raising funds becomes the number one priority for staff.
1930 - 1935 - Philanthropy drops by 25 percent, but
The Revenue Act of 1935 gives corporations a tax deduction of
5 percent of net income for charitable giving.
1938 - Charles R. Hook, president of American Rolling Mill Company of Ohio, and the current President of the National Association of Manufacturers speaks at a JA awards conference in New York City. Interest in JA is immediately increased, as inquiries from areas outside the Northeast begin.
Read the book Junior Achievement: A History by Joe Francomano and Wayne & Darryl Lavitt to learn more about the history of Junior Achievement.