History 303: Research and Writing Seminar in History
In 2008 the United States experienced a financial downturn that shook the economic foundations of this country. Unsuspecting homeowners watched helplessly as their homes were lost through the plummeting housing market and consequential bank foreclosures. This economic crisis affected almost all groups of people, including the students and faculty of higher education. In fact, the California State University system narrowly agreed with the California Faculty Association union to a set of furloughs, which amounted to a 10% pay cut for faculty over the 2009 academic year. However, economic depressions are not new to the administrations of colleges and universities.
 Associated Press, “Union Accepts Furloughs at California Universities,” The New York Times, July 25, 2009, accessed February 5, 2016, http://www.nytimes.com/2009/07/26/us/26california.html.