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Wells Fargo: A Case Of William G Fargo And Fargo

165 Words1 Pages
Wells fargo William G. Fargo and Henry Wells watched the California economy roar with great interest. Wells and Fargo were both huge figures in the highly competitive express industry. John W. Butterfield entered the express business in 1849. Wells, Fargo and Butterfield realized that their competition was a waste of time and decided to work together and form the American Express Company. After the company was formed Wells and Fargo wanted to expand their business to California but the directors of the company weren't on board because they worried that their rival would create a monopoly in the west. Wells and Fargo still decided to start their own business while continuing to tend to their responsibilities at American Express. They created
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