|

The Economics of College Football: Season II

College Football Has Come a Long Way Since 1869

With fall rapidly approaching, the opening kickoff to the 2019 season is upon us. The action begins with two special "Week Zero" matchups, as the University of Miami and the University of Florida square off in Orlando and Arizona travels to Honolulu to take on Hawaii. Most teams begin play the following week on August 31, although there will be 24 Football Ball Subdivision (FBS) matchups on the Thursday and Friday leading up to the traditional Week One kickoff Saturday. We will preview a selected matchup each week, including a brief history of the teams on the gridiron, as well as an analysis and forecast of the respective economies of each school's state and hometown.

This season marks the 150th anniversary of college football, which had its genesis in a November 6, 1869 matchup between Princeton and Rutgers, where the play resembled something closer to a mix of tackle soccer and rugby than modern day football. In the early days, the game was dominated by elite private universities in the Northeast, with Columbia, Yale and Stevens Institute of Technology soon joining the action. A meeting in New York City in 1873 attempted to standardize and codify the rules of the game, marking the first step towards the modern day NCAA. Walter Camp—considered one of fathers of American football—was the driving force behind several innovations, including the 11-man roster, line of scrimmage and snap from center to quarterback.

College football soon expanded geographically, mirroring the economic development and industrialization unfolding at the turn of the century across the United States. In the Midwest, Michigan, the University of Chicago, Northwestern and Minnesota all started programs while the game eventually spread out West, with Southern Cal playing St. Vincent's in 1889. The game quickly spread to the South, where in 1895 it is believed that the first forward pass occurred in a game between Georgia and North Carolina. Concern about on-field fatalities got the White House involved, with President Teddy Roosevelt insisting on higher safety standards. The Intercollegiate Athletic Association, the predecessor to the NCAA, was formed as a result in 1906.

Download The Full Special Report

Author

More from Wells Fargo Research Team
Share:

Editor's Picks

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary. 

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.