 After the sermon (called "The Million Dollar Sermon"), Armour approached Gunsaulus and offered to give him the money to establish a trade school for the practical arts and sciences if Gunsaulus would dedicate five years of his life to run it.Thus, in 1893, the Armour Institute of Technology (now the Illinois Institute of Technology) was established with Frank Wakely Gunsaulus as its first president.The school first offered courses in engineering, chemistry, architecture and library science.