Makenzie Beier
Humanities 6A
Research Project
April 15th, 2016
The Development of Wells Fargo
In the 1800´s
“...Proper respect must be shown to all…”
-Henry Wells, 1888
The Wells Fargo Company was founded during the time of the Gold Rush in 1853. When the company was founded, the main purpose was for the population to store their earnings and gold found in the West such as California. Similar to the 21st century, Wells Fargo embodied resourcefulness because of the trust earned in many’s hearts. Wells Fargo extended the limits so everyone could get the service they wanted and needed, they were very open to ideas such as the Pony Express, and the people who made it all happen, William Fargo and Henry Wells.
Wells Fargo improved greatly through the years after it was established on March 18th, 1852 by Henry Wells and William Fargo. In 1855, three years after Wells Fargo was established, the company translated into all different languages to serve all equally. In 1858,
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Wells Fargo released the first stagecoach line shipping small packages, newspapers, and letters overland between Missouri and California. In 1860, Wells Fargo opened their first building in Mexico. In 1869, the business permitted four important businessmen including Leland Stanford, Charles Crocker, Henry Huntington, and Mark Hopkins to gain control in exchange for use of the Transcontinental Railroad. In 1893, small packages, newspapers, and letters were shipped in which was called ocean to ocean delivery . The Pony Express was yet another important development made in the Wells Fargo history. In 1852, the Pony Express was founded by Alexander Majors, William Waddell, and William Russell as a mailing service used from April 3, 1860 to October 24, 1861. Eighty delivery men had horses to carry the riders to each station and switch off horses which kept the speed level high. Each delivery man would earn fifty dollars for delivering between California and Missouri which happened to take around ten to thirteen days. Henry Wells was born on December 12, 1805 in Vermont where he spent the first eight years of his life. He worked on a farm until he was old enough to help out at a tanning and shoemaking store. After, he worked at a shipping company in the Erie Canal that delivered to and from Pennsylvania and New York. In 1860, he became a freight agent and donated large quantities to charities for many educational purposes. He also established a school for the physically injured. In 1867 he retired from the Wells Fargo business. One year later he founded the Wells college in Aurora for girls only in 1868. Henry Wells became a wealthy business man although he still had a loving wife and family. He married Sarah Daggat and had four children, Charles, Mary, Oscar, and Edward. Sarah died years later in New York on October 13, 1859. The result of her death, he married again to Mary Prentice. He died in Glasgow, Scotland on December 10, 1878 when he was seventy-three years of age. William Fargo was born on May 20th, 1818 in Pompey, New York as the eldest of twelve.
He left school at age thirteen to start his training for work. In the winter of 1838 he started to work with Hough and Gilchrist Grocers and worked with them for a year. He later went to work for the Roswell and Willett Hinman and worked with them for three years. In 1841, he became a freight agent and later became vice president and director of the New York Central Railroad Company. Like Henry Wells, he was a very successful businessman, yet managed to have a family to support. Fargo married Anna Hurd Fargo in 1840 whom had eight children, Georgina, Alma, Sarah, William, Hannah, Mary. Helen, and Edwin. In 1862 he became the 27th Mayor of Buffalo, New York and retired in 1866. On August 3rd, 1881, after battling with illness for several months, William Fargo passed away. He was buried in Forest Lawn Cemetery with only two of his eight children living. Nine years later, his long loved wife, Anna Hurd had
died. During the Gold Rush, pioneers were grateful for the trusted space Wells Fargo offered for storing gold and their earnings. The Wells Fargo Company was up to date with the best and latest ideas to make improvements, including the Pony Express, and Henry Wells and William Fargo who played into the Wells Fargo we know today. Today, Wells Fargo is up and running. Each day they find new ways to develop to make Wells Fargo prosper. Bibliography Boomtowns of the West. Kalman: Bobbie, n.d. Print.
The Second Bank of the United States opened in 1816 under the presidency of James Madison and was located in Baltimore, Maryland. The primary idea of the federally operated bank was to maintain
At Wells Fargo, teamwork and sales are important skills needed in order to succeed as a teller. At Wells Fargo, I plan to incorporate a system where each teller gains the skills necessary so that each task runs efficiently. To begin, I will start observing each banker’s, and each teller’s normal routine. I will be listening carefully to the conversations the tellers, and bankers are having with customers. As an observer, I will be taking notes on what the employee’s strengths and weakness are when lobbying to a customer, and working with coworkers. I will continue this process for a week. Once the week is complete, I will have one on one meetings with each employee. After the employee’s one on one meeting is complete, a proposed course of
Ida B. Wells born in Holly Springs, Mississippi on July 16, 1862 and died March
The United States government in 1816 chartered the Second Bank of the United States. It had a 20-year charter, which was to expire in 1836. Despite this, the Bank was privately owned and during the age of Jackson, the president was Nicholas Biddle. The Bank was large in comparison to other banks, being responsible for 15-20% of bank loans in the United States and accounting for 40% of the bank notes in circulation. Also, the Bank held a specie reserve of 50% of the value of its notes, when normally other banks only had a specie reserve of 10-25% (Davis 1).
Arthur Wharton wasn't treated right once he joined a professional soccer team in 1886.People didn't believe that Arthur will make it so far with football because of skin colour. Arthur Wharton accomplished a lot from playing his best and ignoring the hate and comments.He was born with lots of respect from his family but once he joined football he had to face challenges with his family.
Hi, my name is Ida Bell Wells-Barnett also known as Ida B. Wells. I was born on July 16, 1862, in Holly Springs, Mississippi. My father, James Wells, worked as a carpenter. My mother, Elizabeth “Izzy Bell” Warrenton, worked as a cook. I was born into slavery, owned by Mr.Bollings who treated us fairly well. I was the oldest daughter out of 9 siblings. My father was involved with the Freedmen's Aid Society and helped start Shaw University, known as Rust College, for the newly freed slaves. I received my early schooling there until age 16. In 1878, both my parents and one of my siblings died in a yellow fever outbreak. I cared for my siblings and got a job as a teacher. In 1882, I attended Fisk University in Nashville. I took college courses
In 1859 John D. Rockefeller started one of the greatest monopolies of the progressive era. The Standard Oil Company grew to dominate the oil industry and became one of the first big trust in the United States. In 1870 the Northern Pacific Railway which span from Duluth and St. Paul, Minnesota, to Seattle, Washington and Portland, Oregon.
This bank held government money and controlled the economy by making it easier for local banks to borrow money from it to loan it to manufacturers and factories. As the idea arose the cabinet, Jefferson protested that such a bank was unconstitutional because it favored the north over the south since the bank did not loan money to farmers for land expansions. Being true as it is, the bank drastically boosted our economy and had a great future for our nation. Since it was unconstitutional, a compromise said that the bank would only be funded for 20 years. So as soon as Andrew Jackson was elected, he destroyed the bank. In response to this, our nation suddenly falls into a major depression. No one had jobs and the economy was dying. This showed the brilliance of the national bank and how much it helped our economy. Adding onto this, the bank began the formation of the Federalist and Democratic
Charles Michael Schwab is a natural-born leader and organizer, destined to be a great businessman. Schwab, having modest beginnings, is born “February 18, 1862” to “the son of a woolen worker and blanket manufacturer.” Ambitious in his work as a metal-laborer, he is noticed by his superiors and “by the age of 19 he was assistant plant manager.” Continuing his upward trend in business, in his mid-thirties he “became president of the Carnegie Steel Company at an annual compensation in excess of $1,000,000.” In time Schwab determines to merge several steel companies into U.S. Steel. During this time that he “earned more than $2,000,000 annually.” U.S. Steel is not the only one to benefit though from Schwab’s expertise. Schwab’s morale
The Clark and Rockefeller dealing with trade with food and miscellaneous products. Although their new company was very successful due to Rockefeller’s good judgment in his decision making and planning, the oil frenzy in American intrigued him. Rockefeller and associates went into the oil industry in 1863 as Standard Oil Company. By 1870, Rockefeller was owner of the largest oil refinery in Cleveland Ohio. When Standard Oil was just starting out, Rockefeller took the initiative to make a deal with the railroad compani...
Ida B. Wells was born a slave in 1862. However she was freed with the rest of her family after the emancipation only 6 months after she was born. Her life was very easy during her first years but then a tragedy struck her family which forced her to mature in an unimaginable way. While living in Memphis she had an incident on a train which urged her to fight for equal justice in all races and genders and then a lynching of some of her close friends made her start an anti-lynching campaign that would eventually lead to her becoming a very prominent figure in the fight for equality in the United States.
This reaction paper is about Ida B Wells. Throughout this paper you will learn about this woman and her achievements. How she fought until the very end, and how she used the press to get what she wanted. Wells was born a slave in 1862 in Mississippi, but this did not stop her or slow her down. After slavery Wells and her mother got a chance to go to school that taught them how to read and write. Growing up in the reconstruction period and living in the cruel Jim Crow south she decided to fight back. Not with her fist but with her pen. Wells became a journalist, agitator, and reformer. She fought against lynching, women’s rights, racial injustice, and much more. Through her pen she was able to write history.
Rockefeller founded the Standard Oil Company is June of 1870 along with his brother William and a man named Henry Flagler, but
Books are great thing don’t you think? Barnes & Nobles is the number one bookstore in the entire country. It started in 1886. Barnes & Nobles is all over the world. It has supported many events. They have become the number one bookstore in the United States. They sell a variety of books and other products. They have grown a lot over the past 132 years. They have a long history of excellence by serving millions of customers with its wide selection of books.
Although many think of the firm as American, its origins can be traced to the United Kingdom. Price Waterhouse’s beginning started in 1849 when Samuel Lowell Price opened his accounting practice in London. In 1865, Price joined forces with fellow Brits, Holyland and Waterhouse. They renamed the firm Price Waterhouse & Co. Similarly, Coopers& Lybrand started in the United Kingdom, when William Cooper opened his firm in 1854; it was later known as Cooper Brothers. In 1957, three firms, Cooper Brothers (U.K.), McDonald, Currie, & Co. (Canada), and Lybrand, Ross Brothers, & Montgomery (U.S.) merged to form Coopers & Lybrand. Price Waterhouse and Coopers & Lybrand were both extremely successful from the 1960s through the 1980s, adding to their menu of services and expanding internationally. In the early 1990s, a wave of consolidation in the professional services industry driven by potential synergies and economies of scale led to the merger of Price Waterhouse and Coopers & Lybrand. Thus, Pricewaterhouse...