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Milton Hershey Background

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Hershey Company (HSY) Milton Hershey (1857-1945) established the Lancaster Carmel company in 1886, In 1894 He started with the famous Hershey cocoa Powder, That Amazingly 123 years later it can be found on grocery store shelves and many home around the world. In 1900 chocolate was a luxury that only the wealthy population could afford this special treat. When Milton Build his factory, he made sure it was affordable for all to enjoy. His love for children and family was his driving force to provide housing for his employees, and of course they needed school, stores for shopping. So, he began to build homes in the village of Derry Church. He started building the model town, houses schools a zoo even a trolley system. He Knew that happy employees …show more content…

He treated all children as if they were his own, he made sure the school taught orphans and under educated, poor children weather they were part of the Hershey Corporation or not they were now family. He wanted to provide everyone in his community with homes, food, jobs and education. Sadly in 1945 Milton Hershey passed away. He made sure that his entire fortune present and future would care for his company town and his charitable schools. The history of this great man and the empire he built is fascinating to learn all the wonderful things that his did for his family (Hershey’s’ …show more content…

Today I think we tend to forget things of tried and true though the times. Most do not run out to by millions in stock in hoping for that new big high-tech invention that we see and hear so often about. Imagine if we could have bought just 10 shares of Hershey’s when they incorporated in 1927, or more so would have been able to purchase 10 shares after the 1929 after the crash of wall street and started the great depression. According to the Worst Stock Market Crashes, just days before the crash Hershey’s stock was trading for 130 a share for common stock. By August on 1932 it was a $ 55. A share with an all-time low of $43.50 in 1932. From 1929-1939 he funded the “Great Building Campaign” in Hershey, PA during the time of extreme despair of the great depression he put 600 men to work. During this time when jobs were almost unattainable Mr. Hershey took advantage of the extreme low cost of building materials to put people to work building The Hotel Hershey, community center and many more. He saved his town and the family from total poverty. I believe this kind of history is what has made them such an incredible business they have always worked to be successful. At this time, I would like to address the financials about Hershey’s. Their current ratio looks a little low because it is below one. In reading of the financial statements and of the annual

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To begin, Milton Snavely Hershey was born into a poor family in Hockensville, Pennsylvania, on September 13, 1857 (Museum). He grew up among the Pennsylvania Dutch; his early life consisted of learning from these devout, thrifty, and hardworking people (Wooster). Henry Hershey, Milton’s father, never had a stable job, which accounted for why the family moved frequently. Milton’s mother, Fanny Hershey, was often disappointed in her husband’s failure; the two spent large periods of time away from each other much like Rip Van Winkle and his wife (Irving). Due to a lack of central parenting and support, Milton grew

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“Under the guidance of Milton Hershey—who remained with the company until shortly before his death in 1945—the product line steadily expanded, with the introduction of Kisses (large morsels) in 1907, Milk Chocolate with Almonds in 1908, Mr. Goodbar (with peanuts) in 1925, and Krackel (with crisped rice) in 1938. Hershey contributed to the World War II war effort with Field Ration D, an emergency nutrition bar that did not melt in tropical heat and was intentionally not tasty enough to tempt soldiers to eat it as a snack.” (“Hershey Company”). The Hershey Company is may not seem like a big deal, but to everyone then thought otherwise, because this was the period ‘The Great Depression’. After the death of Milton S. Hershey the company wanted to keep his company valued and keep the companies

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While he did spend some on production and machinery, he used it to share his wealth with others. This led to the creation of the town of Hershey and The Milton Hershey school. Hershey set out to build not just a chocolate factory, but the ideal town where the work force could live, play, work and prosper. Unlike others of his time, he treated employees like family and made sure everyone worked as a team. The town was built for his employees to help mass production and close proximity, it became much more than that.

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He builds an entire town that is today known as Hershey, Pennsylvania, which is home to his factory and chocolate themed amusement park. Some of his other accomplishments include building the nation’s largest free, private zoo and building an orphanage. The orphanage became an industrial school for boys. He built it to give them the experience and start that he wishes he could have had. Not very many have accomplished as much with their life as Milton Hershey, but one who comes close is St. Katharine

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He was fair, brave and genuine and also a great father. He let nothing stop him from doing what was right. He contributed greatly to the story and had a huge

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