Preview

How Did Milton Hershey Become Successful

Good Essays
Open Document
Open Document
2408 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How Did Milton Hershey Become Successful
Milton Hershey didn’t exactly start out as a great success. There might have been something in Pennsylvania that gave him what was needed to make it big. He used his intelligence to become one of America’s wealthiest individuals, a successful entrepreneur and a generous philanthropist who touched many lives.
Milton Hershey was born on September 13, 1857. He had one sibling, a sister named Serena who died from Scarlet fever when Milton was only eleven years old. His mother, Fanny, was a devoted Mennonite. She taught Milton Mennonite beliefs. She taught him the Golden Rule and to work hard and be careful with money. His father, Henry, was a dreamer who was constantly starting new jobs and working on his next “get rich quick” scheme. (Burford
…show more content…
Derry Church was a small farming community in the central part of the state. Eastern Pennsylvania was a dangerous place in July of 1863. The Civil War had come as far as a little town called Gettysburg. Now there was a rumor that General Lee was going to march on Philadelphia. If this was true, the Confederate army of the South could troop right through the Hershey farm. Although they knew they couldn't stop the war from coming, many farmers in the area decided they could save their valuables by burying them. Milton wanted to save his valuables, too, so he scooted under his bed to get his precious matchbox full of pennies. Milton carefully saved each penny he earned from running errands. He planned to spend them at the candy store. Milton loved all kinds of candy. He was not going to risk losing his hard earned cash, so he found a small shovel and began to dig behind one of the bushes lining the path to the back door. He slipped the box into the hole and covered it up with …show more content…
To get his mind off things Milton and his mother traveled to Cuba. He was interested in the sugar industry they had in Cuba. Milton decided to build a sugar mill there to guarantee plenty of sugar for the chocolate factory. He put the plan into action and soon the new mill was under construction. Milton built a whole town for the workers just like in Pennsylvania. He called it Central Hershey. Milton had homes as well as recreation for the people. He brought in doctors, dentists, and teachers. He also built a railroad line to carry sugarcane. One day there was a tragic accident on the railroad that killed many people and left many children orphans. Just like in Pennsylvania, Hershey built a school for the orphan children. (Burford 53)
Milton’s mother died at the age of eighty four in 1920. Milton was having money troubles. The Hershey Chocolate Company was using so much sugar the Cuban plant couldn’t keep up. He decided he would just buy sugar somewhere else for the future needs of the factory. He had to pay high prices for the sugar. When the sugar was finally delivered, Milton had to pay the high price. He lost more than $2,500,000. He needed to ask for a loan. He paid the money back as soon as possible. Milton and his employees made a huge effort to pay this off. The loan was paid off in 1922. (Burford

You May Also Find These Documents Helpful

  • Good Essays

    Instead of the silver car, he settles on a black GMC Sierra pickup truck. The only issue was that it was priced at $1,500, $500 more than he was willing to pay. The…

    • 708 Words
    • 3 Pages
    Good Essays
  • Good Essays

    didn't have much as a child being that the family he lived in wasn't rich but rather frugal and…

    • 614 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Solitude and Box Man Par

    • 344 Words
    • 2 Pages

    par. 4 Describes how the Box Man has a method to sorting out the boxes…

    • 344 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Who is a philanthropist that made a fortune selling a form of cocoa beans? Milton Hershey created the Hershey chocolate bar and was a man of likable qualities and a philanthropist in his community. He always helped those less fortunate than him and served to better his community. Milton Snavely Hershey is highly acclaimed for creating the world famous Hershey chocolate bar, but he also deserves respect for his admirable character and his contributions to his community.…

    • 660 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The image above shows children collecting metal scraps in their neighborhood in Waterbury, Connecticut. While their parents contributed to the war as much as they could, young children also tried to do their part. The Office of Civilian defense had asked families to collect scrap metal or other materials which weapons and materials for the war could be made. Children were the biggest collectors of these materials and persistently went out on the streets to find whatever they could. They collected materials such as squashed cans, milkweed, and tires. The metal could be used to make weapons, the milkweed could be made to make safety vests, and the tires could be used for the needed supply of rubber for the war. Any of these scraps could be exchanged for a small sum of money. If the materials were brought down to the movie theater they…

    • 1668 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Jack is your normal, everyday 15 year old kid. Since he could remember, he has always had to do without many possessions in his life. But he has always been happy-go-lucky, yet somewhat careless with his thoughts and actions. They lived in a rundown apartment building in the slums, and have been selling their possessions and finding miscellaneous jobs and tasks just to make it by. Jack was down to his last few cd’s and just a couple of dvd’s, while his mother was down to her collection of Shirley Temple porcelain plates that had a lot of sentimental value, but carried a decent value. So, she sent him down to the pawn shop to sell off the remaining items they had, to be able to make it through hopefully the month.…

    • 1116 Words
    • 5 Pages
    Better Essays
  • Better Essays

    He talks about the importance of Cuba, specifically diversifying the agricultural system. Cuba was reliant on sugar for a long time under Batista’s rule, but it was not producing enough in order to compete with U.S trade imports. The sugar market was dominated by a small percentage of companies, who struggled to produce sugar. This lack of industry gave the United States advantage over trade imports.…

    • 1125 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The company originated with candy-manufacturer Milton Hershey’s decision in 1894 to produce sweet chocolate as a coating for his caramels. Located in Lancaster, Pennsylvania, he called his new enterprise the Hershey Chocolate Company. In 1900, the company began producing milk chocolate in bars, wafers and other shapes. With mass-production, Hershey was able to lower the per-unit cost and make milk chocolate, once a lavish item for the wealthy, affordable to all.…

    • 684 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Cfa Hershey Chocolate

    • 7124 Words
    • 29 Pages

    I. It is very evident that one of the main responsibilities that the Hershey Trust Board views their responsibility to be is to the Milton Hershey School. In 1918, Milton Hershey endowed the trust board. The objective of this endowment was to have full support for the Milton Hershey School. Further in March 2002, the Trust Board decided to make a decision that was more in the schools favor, which was making sure that its holdings were less concentrated in Hershey stock. Moreover, the composition of the board moved more toward education professionals in that same year with their mandate remaining to serve the interest of Hershey school. There was also an increased concern with the board members that too much responsibility was being put on the shares on Hershey Food Corporation meaning less attention was being focused to the school. It addition, it was the boards obligation to keep up with the Hershey legacy by insuring that the decisions that had been made were in line with the legacy views. Keeping Hershey’s legacy of community involvement was a key obligation to the 17 members of the trust bored. Milton Hershey picked Pennsylvania out of many other locations because he wanted to develop a community, one which he grew up in.…

    • 7124 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    Hershey Case Study

    • 1002 Words
    • 5 Pages

    References: Bohlander, G. & Snell, S. (2004). Managing human resources (13th ed.). Mason, OH: Thomson/…

    • 1002 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Laurie had earned $50 helping around in the house and an extra $20 for helping a neighbor with her groceries. She gave it all to her mom as soon as she had earned it so that it could be put in her saving’s account.…

    • 1372 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Finance

    • 2171 Words
    • 9 Pages

    The Hershey Company was founded in 1893 by Milton Hershey, a determined pioneer from rural Pennsylvania that developed a method for the commercial production of chocolate. Today, the Hershey Company is the largest manufacturer and distributor of chocolate and non-chocolate confectionary snack goods in North America with products as common as Reese’s, Kit Kat’s, Twizlers, and Jolly Ranchers and many more popular snack goods available nationwide. As a market leader, The Hershey Company Employ's over 13,000 workers and grosses over 4 Billion Dollars in revenue.…

    • 2171 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Mark Twain

    • 317 Words
    • 1 Page

    In 1871‚ Mark moved his family to Hartford‚ Connecticut‚ a city he had come to love while visiting his publisher there‚ and where he had made friends. Livy also had family connections to the city. For the first few years the Mark rented a house in the heart of Nook Farm‚ a residential area that was home to numerous writers‚ publishers and other prominent figures. In 1872‚ Sam’s recollections and tall tales from his frontier adventures were published in his book‚ “roughing it” That same year Marks first daughter Susy was born‚ but their son‚ Langdon‚ died at the age of two from diphtheria. Marks life ended in 1910, he left an abundance of money for his…

    • 317 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Hershey's Company Profile

    • 787 Words
    • 4 Pages

    The story of Hershey spans nearly a century and a half of industrial and social change. It tells of how one determined pioneer from rural Pennsylvania built an international company, a town to go with it, and a chocolate and confectionery sensation…

    • 787 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    comprehension questions

    • 5652 Words
    • 23 Pages

    plowing it, he came upon an iron box that was buried in the soil. When he opened it, he…

    • 5652 Words
    • 23 Pages
    Satisfactory Essays