an opportunity for professional and personal fulfillment to other children who would perhaps be as destitute as he used to be, but who were just as filled with ambition and determination to succeed in life. Why "Romanian-American"? Aware of the Romanian pro-American sympathies and spirit, but also holding the conviction that the most advanced model of education is the North-American one, where over 3000 colleges and universities compete with one another, the most successful of these being the private universities, the founding President, Prof. Ion Smedescu, together with other remarkable co-founders from the Romania of those times, along with a series of friends from the United States, such as Prof. Steven Bowers or Dr. Ronald Carrier – President of James Madison University for over 27 years, considered as imperative to establish a university of both Romanian and American origins. “The University was set up having as a purpose the promotion of the educational values of the American higher education, against the background of the rich traditions of the Romanian education. In accomplishing this desideratum, the starting point was that in the United States of America higher education stands on the model of the behavior-driven American society based on the efficient organization of activity, resilient sense of duty, the cultivation of work spirit, self-respect and respect for the others, fair competition throughout one’s lifetime, competition with all the others and, last but not least, with oneself", as Professor Ion Smedescu declared himself. 1991 (11 March) – The Assembly of the establishment of the Romanian-American University took place in Bucharest, when its Statute was approved, which stipulated the establishment of 7 schools: School of Domestic and International Business, Banking and Finance, Management, Hotel and Tourism Economy, Computer Science, Medicine and Public Health, Law, Engineering in design and product aesthetics. 1991 (28 March) – the Decision no. 364 of the Ministry of Education and Science approved the establishment of the Romanian-American University. 1991 (April 17) – the Ruling no. 295/17.04.1991 of the Court of Law of 1st Sector, Bucharest, granted legal personality to the Romanian-American University. 1991 (10 June) – the assembly for the establishment of the Romanian-American University‘s Senate was held, where the late Prof. Ion Smedescu, Ph.D., was unanimously elected Rector and was appointed “Founding Rector of the Romanian-American University”. Moreover, the first management positions were elected according to the law (vice-rectors, Senate scientific secretary, executive manager, deans) and the curricula,