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On the sign:
[Relief of President Kennedy’s head] HERE AT 2:00 AM ON OCTOBER 14, 1960, JOHN FITZGERALD KENNEDY FIRST DEFINED THE PEACE CORPS. HE STOOD AT THE PLACE MARKED BY THE MEDALLION AND WAS CHEERED BY A LARGE AND ENTHUSIASTIC STUDENT AUDIENCE FOR THE HOPE AND PROMISE HIS IDEA GAVE THE WORLD.
Instead, in a speech delivered at the University of Michigan in Ann Arbor, President Kennedy proposed the idea of the "Peace Corps," an independent United States organization whose purpose was to promote peace while helping underdeveloped countries, using volunteers.
The Peace Corps was officially declared on March 1, 1961.
The sign is at the entrance to the Michigan Union building, photographed by the same photographer on the same day Click for a larger image
On the other side of the gate, a sign marking the 75th anniversary of the Michigan Union Click for sign's details