Milton Snavely Hershey September 13, — October 13, was an American chocolatier, businessman, and philanthropist. Trained in the Companyy business, Hershey pioneered the manufacture of caramelusing fresh milk. He launched the Lancaster Caramel Company, which achieved bulk exports, and then sold it to start a new company supplying mass-produced milk chocolate, previously a luxury. The first Hershey Bars were sold inand proved so popular Hershey Company Net Worth he was able to build Hershey Company Net Worth own company town of Hershey, Pennsylvaniareflecting his beliefs about the effect of comfortable living conditions on staff morale.
Hershey's philanthropic agenda extended to a boarding schooloriginally for local orphans, but now accommodating students. In World War II, the company developed a special non-melting bar for troops serving overseas. The Hershey Companyknown as Hershey's, is one of the world's biggest confectionery manufacturers. Of Swiss and German descent, his family were members of Pennsylvania's Experimental Design Company community, and he grew up speaking Pennsylvania Dutch.
Like many rural young people of the time, Milton was expected to help out on the family farm, and he learned early on of the value of hard work and perseverance. Henry Hershey rarely Neh anywhere very long, and was prone to leaving his wife and child for long periods. Because oCmpany this, Hershey had a very limited education with no schooling beyond the 4th grade. InMilton Hershey left school for good and was apprenticed to a local printer, Sam Ernst, who published a German-English newspaper.
He did not like that kind of work and he thought it was very boring. One day at work there, he accidentally dropped his hat in one of the machines.
Because his boss was hot-tempered, he was fired shortly after. He was worried to see how his parents would react. His father asked Ernst to take him back, and he did decide to give him a second chance, but Mattie Snavely, his Nrt, and his mother had a different idea. They wanted him to learn the trade of candy making instead.
Over the next four years, Hershey learned the craft of creating confections. Inhe moved to Philadelphia to start his first confectionery business.
Milton Servant Company traveled to Denver and, finding work at a local confectioners, learned how to make caramels using fresh milk. He started his second business which, while initially successful, lasted only three years, closing in Hershey returned to Lancaster in He borrowed money from the bank to start the Lancaster Caramel Companywhich quickly became a success.
He used the caramel recipe he had obtained during Hsrshey previous travels to make candies. Also, from his previous travels, he learned that caramels sell better in bulk, so that is what he did. This company soon became a success when a man Hershey Company Net Worth England visited Lancaster. He loved Hershey's candies once he tasted Hfrshey and placed a big order to be delivered to Britain.
By the early s Lancaster Caramel Company had grown, employing over 1, workers in two factories. After a travel to Chicago for the World's Columbian Expositionhe sparked an Companyy in chocolate. After a long time of deciding, he took a risk and sold Lancaster Caramel Company for one million dollars to start the famous Hershey Kushner And Company Company.
There, he could obtain the large supplies of fresh milk needed to perfect and produce fine milk chocolate. Excited by the potential of milk chocolate, which at that time was a luxury product, Hershey was determined to develop a formula for milk chocolate and market and sell it to the American public. Through trial and error, he created his own formula for milk chocolate. The first Hershey bar was produced in Hershey's Kisses were developed inand the Hershey's Bar with almonds was introduced in Worrh On March 2,he began construction on what was to become the world's largest chocolate manufacturing company.
The facility, completed inwas designed to manufacture chocolate using the latest mass production techniques. Hershey's milk chocolate quickly became the first nationally marketed product of its kind.
The factory was in the center of a dairy farmland, but with Hershey's support, houses, businesses, churches and a transportation infrastructure accreted around the plant.
Because the land was surrounded by dairy farms, Hershey was able to use fresh milk to mass-produce quality milk chocolate.
Hershey continued to experiment and perfect the process of making milk chocolate using the techniques he had first learned for adding milk to make caramels when he had moved to Kuwait Petroleum Company Salary Hill.
Since Hershey and his wife could not have children, they decided to help others, establishing the Hershey Industrial School with a Deed of Trust in InHershey transferred the majority of his assets, including control of Hershhey company, to the Milton Hershey School Trust fund, to benefit the Industrial School.
The trust fund has a majority of voting shares in the Hershey Company, allowing it to Nef control of the company. Inthe school was renamed the Milton Hershey School. He took great Woth in the Hershej of the school, the town, and his business.
He placed the quality of his product and the well-being of his workers ahead of profits. InHershey established the M. Hershey Foundation, a private charitable foundation that provides educational and cultural opportunities for Hershey residents. The founding of the Penn State Milton S.
The hospital is a teaching hospitalwith an annual budget exceeding the initial construction cost. The Hershey Company has Nef his philanthropic ways. The Hershey Company helped start up Elizabethtown College 's honors program.
They canceled their reservations at the last minute Northshore Mining Company Babbitt to business matters requiring Hershey's attention.
The cancellation is often incorrectly attributed to Kitty Hershey falling ill, but by this time, she had been ill for several years. The former Hershey Museum displayed a copy of the check Milton Hershey wrote to the White Star Line as a deposit for a first-class stateroom on the Titanic. Hershey Chocolate supplied the U. After a year or two, the Army was impressed enough with the durability and success of the Ration D Bar to commission Milton to make the Tropical Chocolate Bar.
The only difference between them was that the Tropical Chocolate Bar was made to taste better than the Ration D Bar and still be as durable. Tropical Chocolate Bars were designed not to melt in the tropical weather. It is estimated that between andover three billion Vardhman Electric Company the Ration D and Tropical Chocolate Bars were produced and distributed Worhh soldiers throughout the world.
Inthe Hershey plant was capable of producingration bars a day. By the end of World War II, the entire Hershey plant was producing ration bars at a rate of 24 million a week. The Hershey factory machine shop even made some parts for tanks and machines during the war.
Roc Retail Operating Company March 25,Hershey's wife Catherine died of an unknown disease. In latehis father's body was moved there.
Hershey died of pneumonia in Hershey Hospital on October 13, at the age of At the Hershey School, there is a bronze statue of Milton Hershey with an orphan boy wrapped in his arms. Below the statue are these words: "His deeds are his monument. His life is our inspiration. September 13 is International Chocolate Day, which is also Hershey's birthday.
Hershey, which honors him as a philanthropist, as part of the Great Americans series. The stamp was designed by Dennis Lyall, an artist from Norwalk, Connecticut.
From Wikipedia, the free encyclopedia. American chocolatier. Derry Township, PennsylvaniaUnited States. Hershey, PennsylvaniaUnited States.
Catherine "Kitty" Elizabeth Sweeney m. Hershey", Milton Hershey School. Retrieved on Retrieved September 5, Chocolate by Hershey. Minneapolis: Carolrhoda Books. Who Was Milton Hershey? Images of America: Hersheypp 36— Chicago: Arcadia Publishing. Images of America: Hersheyp. Retrieved 16 March The Harrisburg Patriot-NewsJanuary 10, Master's Thesis, University of Maryland, Milton Hershey School.
Retrieved November 20, Hershey: Milton S. Smithsonian National Postal Museum. Hershey Trust Company. Milton S. Goodbar NutRageous Oh Henry! Penn State Milton S.
May 15, 2019 · Hershey (HSY) reports its third quarter earnings on Thursday, October 25, 2012. The Wall Street consensus is 86 cents per share, up 2.4% from ……
Interactive chart of historical net worth (market cap) for Hershey (HSY) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Hershey net worth as of February 28, 2020 is $31.79B .…
About Net Income. Net income is what remains of a company's revenue after subtracting all costs. It is also referred to as net profit, earnings, or the bottom line. Net Income that is not paid out in dividends is added to retained earnings. Increasing (decreasing) net income is a good (bad) sign for a company……
The Hershey Company, commonly known as Hershey, is an American multinational company and one of the largest chocolate manufacturers in the world. It also manufactures baked products, such as cookies, cakes, milk shakes, drinks and many more.Founded: February 9, 1894; 125 years ago (as Hershey ……
Oct 15, 2018 · Milton S. Hershey’s net worth. Online estimates of Milton S. Hershey’s net worth vary. While it’s relatively simple to predict his income, it’s harder to know how much Milton has spent over the years. Continue to the next page to see Milton S. Hershey net worth, estimated salary and earnings.Occupation: Entrepreneur…
Based in Hershey, PA, The Hershey Company produces chocolates and other snacks. Get product, CSR and financial information. Learn about jobs and read news and blog.…