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#5 Milton Hershey - How a Chocolate Empire was Born
Manage episode 494461616 series 3666806
Discover the remarkable story of Milton Hershey, the man who built America’s chocolate empire. Born in 1857 in rural Pennsylvania, Hershey faced a tough childhood and repeated business failures. At 19, he started his first candy venture, but setbacks, partly due to his father’s impractical schemes, tested his resolve. His perseverance paid off when a banker, impressed by his honesty, supported him in completing a crucial caramel order, laying the foundation for his success.
Hershey’s big breakthrough came with milk chocolate. In 1900, after selling his caramel business for $1 million, he developed a distinctive recipe that won over American palates. He then founded Hershey, Pennsylvania, a model town with a massive factory, modern facilities, and a tight-knit community. His milk chocolate’s durability transformed candy distribution, bringing sweets to households across the nation.
His achievements weren’t just about chocolate. Hershey’s passion for innovation drove him to experiment constantly, while his smart hiring—bringing in experts like William Murrie, who managed operations for 50 years—freed him to invent new treats.
Hershey’s generosity shone brightest in his philanthropy. In 1909, he and his wife Kitty established a school for orphan boys, and in 1918, he donated his entire $60 million fortune to it. Today, the Milton Hershey School flourishes with a $17 billion endowment, educating thousands.
Explore how Hershey’s dedication to quality, service, and community offers timeless lessons for entrepreneurs. Join us as we unpack his journey of grit, creativity, and compassion, based on Joel Glenn Brenner’s The Emperors of Chocolate. Tune in to see why Hershey’s legacy still sweetens lives today.
Books Referenced
The Emperors of Chocolate: Inside the Secret World of Hershey and Mars
Becoming Trader Joe: How I Did Business My Way and Still Beat the Big Guys
My Life & Work – Henry Ford
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