The University of Miami was chartered in 1925 by a group of citizens who felt an institution of higher learning was needed for the development of their young and growing community. The South Florida land boom was at its peak, resources appeared ample, optimism flowed, and expectations were high. Supporters of the institution believed that the community offered unique opportunities to develop inter-American studies, to further creative work in the arts and letters, and to conduct teaching and research programs in tropical studies.