 The Drexel Institute of Art, Science and Industry was founded in 1891 with a $3 million investment by banker Anthony J. Drexel, who played a major role in the rise of modern global finance after the American Civil War.Drexel foresaw the need for an institution with an emphasis on science and technology that would advance the common ideals of a just and diverse society by providing open access to higher education.Drexel offered a Bachelor of Science in Engineering degree beginning in 1914.