The school has a strong entrepreneurial culture and the aggregated revenues of companies founded by MIT alumni would rank as the eleventh-largest economy in the world.
The true and only practicable object of a polytechnic school is, as I conceive, the teaching, not of the minute details and manipulations of the arts, which can be done only in the workshop, but the inculcation of those scientific principles which form the basis and explanation of them, and along with this, a full and methodical review of all their leading processes and operations in connection with physical laws.
During these "Boston Tech" years, MIT faculty and alumni rebuffed Harvard University president (and former MIT faculty) Charles W.
Eliot's repeated attempts to merge MIT with Harvard College's Lawrence Scientific School.
The faculty doubled and the graduate student body quintupled during the terms of Karl Taylor Compton, president of MIT between 19; James Rhyne Killian, president from 1948 to 1957; and Julius Adams Stratton, chancellor from 1952 to 1957, whose institution-building strategies shaped the expanding university.