money & economicsWikipedia1883 · Lancaster, Pennsylvania, USA
Hershey sold a profitable caramel company to focus on chocolate, calling caramels a passing fad
Milton Hershey failed in several businesses before founding the Lancaster Caramel Company in 1883. In 1896 he built a milk-processing plant to refine a milk chocolate recipe, and in 1900 he began making the Hershey's Milk Chocolate bar. After seeing chocolate-making machinery at the 1893 World's Columbian Exposition, he sold his successful caramel business for $1,000,000 in 1900 and put everything into chocolate. When people questioned him he said caramels were a fad but chocolate was permanent. In 1903 he began a chocolate factory in his hometown of Derry Church, Pennsylvania, which became the town of Hershey. In 1907 he introduced the Hershey's Kiss, a bite-sized conical piece that was hand-wrapped in foil until machine wrapping arrived in 1921.
Hershey's bet on chocolate turned a small Pennsylvania candy maker into one of America's largest confectioners, and his company town shaped life for generations.
Hershey's factory was built without windows so that workers would not be distracted.
From Wikipedia, the free encyclopedia · text CC BY-SA 4.0
Image: Wikimedia Commons
