Biography Of Aaron Montgomery Ward



Aaron Montgomery Ward was born on February 17, 1844, in Chatham,
New Jersey, to a family whose ancestors had served as officers in the
French and Indian Wars as well as in the American Revolution. He was named
after General G. Aaron Montgomery Ward, a general in George Wahington's
Army. When Aaron was nine, his father, Sylvester Ward, moved the family to
Niles, Michigan.

Aaron's schooling ended when he was 14. According to his brief
memoirs, he first earned money in a barrel Stave factory, "doing a man's
work at the cutting machine at $.25 per day, then stacking brick in a kiln
at $.30 day." Looking for something more compatible, Aaron left home and
followed the river to Lake Michigan ...

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goods trade. The Chicago City Directories for 1868 through 1870 listed
him as a salesman for Wills, Greg & Co. and later for Stetthauers & Wineman,
both dry goods houses.

Aaron Montgomery Ward felt that a way of doing business must be
found that would bring relief from the traditional systems. The plan that
shaped in Aaron's mind was to buy goods at low cost for cash, eliminate
retailers, and cut selling costs to the bone, he could offer goods to
people, at appealing prices - for cash. He would invite them to send their
orders by mail and deliver the purchases to their nearest railroad station.
The only thing Aaron lacked was capital.

None of Aaron's friends or business acquaintances joined in his
enthusiasm for his revolutionary idea, including one of his closest friends,
George R. Thorne, a local grocer whom he had known in Michigan. Aaron
stubbornly stuck to his purpose and saved all he could from his earnings as
a salesman at Pardridge.

By 1871, Aaron had saved enough ...

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Biography Of Aaron Montgomery Ward. (2004, February 15). Retrieved August 13, 2020, from http://www.essayworld.com/essays/Biography-Of-Aaron-Montgomery-Ward/3087
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"Biography Of Aaron Montgomery Ward." Essayworld.com. February 15, 2004. Accessed August 13, 2020. http://www.essayworld.com/essays/Biography-Of-Aaron-Montgomery-Ward/3087.
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PAPER DETAILS
Added: 2/15/2004 08:18:43 AM
Category: Biographies
Type: Premium Paper
Words: 808
Pages: 3

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