The school was chartered in 1861. While a two-building campus was being built in the Back Bay, the first classes were held in the Mercantile Building in downtown Boston. At that time, tuition for a freshman was $100 a year. MIT moved from the Back Bay to Cambridge in 1916.
In 1868, MIT established the first school of architecture in the United States. The first analog computer was developed at MIT in 1925.
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