Preview

ddsdd

Good Essays
Open Document
Open Document
531 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ddsdd
Sam Walton was born to Thomas Gibson Walton and Nancy Lee, in Kingfisher, Oklahoma. There, he lived with his parents on their farm until 1923. Sam's father decided farming did not generate enough income on which to raise a family and decided to go back to a previous profession of farm mortgaging, working for his brother's Walton Mortgage Company, which served as an agent for Metropolitan Life Insurance[3][4] where he repossessed farms during the Great Depression.[5]

He and his family (now with another son, James, born in 1921) moved from Oklahoma to Orlando, Florida. There they moved from one small town to another for several years. While attending eighth grade in Shelbina, Missouri, Sam became the youngest Eagle Scout in the state's history.[6] In adult life, Walton became a recipient of the Distinguished Eagle Scout Award from the Boy Scouts of America.[7]

Eventually the family moved to Columbia, Missouri. Growing up during the Great Depression, Walton had numerous chores to help make financial ends meet for his family as was common at the time. He milked the family cow, bottled the surplus, and drove it to customers. Afterwards, he would deliver Columbia Daily Tribune newspapers on a paper route. In addition, he also sold magazine subscriptions.[8] Upon graduating from David H. Hickman High School in Columbia, he was voted "Most Versatile Boy".

After high school, Walton decided to attend college, hoping to find a better way to help support his family. He attended the University of Missouri as an ROTC cadet. During this time, he worked various odd jobs, including waiting tables in exchange for meals. Also during his time in college, Walton joined the Zeta Phi chapter of Beta Theta Pi fraternity. He was also tapped by QEBH, the well-known secret society on campus honoring the top senior men, and the national military honor society Scabbard and Blade. Additionally, Walton served as President of Burall Bible Class, a large class of students from the

You May Also Find These Documents Helpful

  • Powerful Essays

    Born in Nice, France to John L. Mitchell, a wealthy Wisconsin senator and his wife, Harriet. Mitchell. William Lendrum "Billy" Mitchell grew up on an estate near Milwaukee, Wisconsin. Alexander Mitchell, his grandfather, was one of the wealthiest people in Wisconsin for his generation and established what became the Milwaukee Road along with Northwestern Mutual Life Insurance Company. Mitchell Park and the street Mitchell Boulevard were named in honor of Alexander. Billy Mitchell was the eldest of ten, and coming from a wealthy family he attended Columbian College (now George Washington University), and at the age of 18 he enlisted as a Private during the Spanish-American War. He became interested in aviation and was able to the Signal Corps due to his father's influence.…

    • 2310 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    He was the eldest amongst his siblings and grew up in DC’s Foggy Bottom neighborhood.…

    • 287 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Walton tells us he is an adventurous person and is drawn to finding and exploring new things. He lets us know he got most of his education from self development and is seeking companionship.…

    • 5394 Words
    • 22 Pages
    Good Essays
  • Satisfactory Essays

    He was born December 7 in 1942 in Baltimore, Maryland. He grew up with his mother, Carolyn Fugett, who was a mail carrier and his stepfather, Jean S. Fugett, who was a teacher. He grew up with two sisters and three brothers. At 8, he delivered newspapers and would save the majority of his money for “rainy days”, as his grandmother would say. He graduated with honors in 1965 with an Economics degree.…

    • 261 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Samuel was born on July 23 1803 in South Carolina. His father, Samuel, and mother ,Elizabeth, loved him very much. As a boy in his primary years, he primarily lived in Charleston. In 1810 his family moved to Pendleton here his father established a plantation and bought land from South Carolina,Alabama, and Georgia.…

    • 557 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Jimmy Earl carter jr. was born in the small farming town of plains Georgia at five he already showed that he was a good business man by selling peanuts on the side of the streets At the age of nine, Carter invested his earnings in five bales of cotton, which he stored for several years and then sold at a profit. With this money he was able to purchase five old houses in Plains. His father Jimmy earl carter sr. was a farmer and good businessman and his mother was a helper with the farm and she worked as a nurse.…

    • 481 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Fred Smith’s early life was not the best childhood a person can have even though his family was wealthy. Fred Smith was born in Marks, Mississippi on August 11, 1944 and he has two sisters. His Father who was also named Fred built the Greyhound bus system and he was co-owner of Toddle House a…

    • 1511 Words
    • 7 Pages
    Better Essays
  • Better Essays

    The first Walmart store was established in Rogers, Arkansas, in 1962 by founder Sam Walton (Walmart Corporation, 2014). Walton moved his family to the area of Bentonville, Arkansas to take advantage of small town living and opened his Five and Dime store in the town square. With the success of that store he decided to open the first Walmart to offer lower prices and greater services to his valued customers (Walmart Corporation, 2014). By 1970, the company had gone public where Walton used the proceeds to expand the business.…

    • 1193 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Walmart vs Target

    • 1078 Words
    • 5 Pages

    The founder of Wal-Mart Sam Walton major competition during the time was K-Mart and Target. Before opening Wal-Mart, Sam traveled the country studying everything he could about discount retailing. He became convinced American consumers wanted a new type of store. With his vision in mind Sam and his wife front loaded 95% of the initial cost to start the chain while many of the chains were expanded nationally. They opened their first store in Rogers, Arkansas. The chain was able to expand by 15 stores in the 1960’s. The company hit the stock market in 1972 and went viral with a current inventory of 1,402 stores and 123 Sam’s Club locations. Wal-Mart stores provide a wide variety of discount merchandise, groceries and prescription medication. Sam stated in his autobiography which attributed to his success “if you think about it from the point of view of the customer, you want everything: a wide assortment of quality merchandise; the lowest possible prices; guaranteed satisfaction; friendly, knowledgeable service; convenient hours; and a pleasant shopping experience. You love it when a store exceeds your expectations, and you hate it when a store inconveniences you, gives you a hard time, or pretends you 're invisible."…

    • 1078 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Walmart History

    • 951 Words
    • 4 Pages

    Sam Walton 's retailing career began when he accepted a job offer at a JCPenney store in Des Moines, Iowa on June 3, 1940 where he remained for 18 months. In 1945, he met with Butler Brothers, a regional retailer that owned a chain of variety stores called Ben Franklin. Butler Brothers offered him a Ben Franklin store in Newport, Arkansas.…

    • 951 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Sam Walton, who was convinced that the American consumers wanted something more than retail shops, opened his own discount and retail shop in Rogers, Arkansas. Walton realized he could do better by passing on the savings to his customers and earning his profits through volume. This insight would form a cornerstone of Walton's business strategy when he launched Wal-Mart in 1962. Cost-cutting was an obsession in the Wal-Mart culture, and Walton understood that a major requirement for keeping costs down was controlling the payroll.…

    • 1603 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Mr. Walton and his brother had a vision to bring large retail stores with low, low prices to small towns. They took this idea to Ben Franklin franchise owners but they did not agree on dropping the prices as low as the Walton’s believed they should in order to be successful. Because of this, the Walton brothers decided to open their own retail store, and so it began, the first Walmart store was opened in 1962 in Rogers, AK by the Walton brothers.…

    • 1499 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Walmart History

    • 1136 Words
    • 5 Pages

    Sam Walton founded Walmart in 1962. He was a businessman who started working in retail in 1940 at a J.C. Penney store in Des Moines, Iowa. In 1945, he ran a retail store in Newport, Arkansas, part of a chain of variety stores named Ben Franklin. Instead of renewing his lease, however, he decided to open a new Ben Franklin franchise in Bentonville, Arkansas and called it “Walton’s Five and Dime.” He succeeded by selling at a discount. Walmart’s purpose best exemplifies what the company still stands for today:…

    • 1136 Words
    • 5 Pages
    Better Essays
  • Good Essays

    George W. Bush

    • 905 Words
    • 4 Pages

    George W. Bush was born in New Haven, Connecticut on July 6, 1946. He was the first son of George Herbert Walker Bush and Barbara Pierce Bush. He was raised in a home involved in politics and business. His grandfather worked as a Wall Street banker and a progressive Republican senator from Connecticut. His father was also very influential on his life being a diplomat, vice president and president of the United States. In 1948 Bush’s family moved to Midland, Texas, for his dad’s job in the oil business. He lived there with his family until seventh grade when they moved to Houston in 1961. George then was sent to Phillips Academy, a boarding school in Andover, Massachusetts where he attended ninth through twelfth grade being an all-around athlete in baseball, basketball, and football.1…

    • 905 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Walmart History Essay

    • 423 Words
    • 2 Pages

    In July 2, of 1962 the first Wal-Mart opened in Rogers, Arkansas (Kuhlken para.5). It was founded by the Walton brothers Sam and J. L. (Bud). Wal-Mart's concept involved huge stores offering customers a wide variety of name-brand goods at deep discounts that were part of an "everyday low prices" strategy (“Saving people money” para.5).Early in the 1970s, Walton implemented his warehouse distribution strategy. The company built its own warehouses so it could buy in volume and store the merchandise. This practice cut Wal-Mart's costs and gave it more control over operations because merchandise could be restocked as quickly as it sold and advertising was specific to smaller regions and cost less to distribute (“Saving people money” para.7).…

    • 423 Words
    • 2 Pages
    Good Essays

Related Topics