American Dream
Published on Nov 28, 2015
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AMERICAN DREAM
BY: MIKAYLA ROOF&PERNILLE MUNKVOLD
Sam Walton was an American businessman and entrepreneur. He was born in 1918 in Oklahoma, but moved to Missouri early in his life. He grew up during the Great Depression, which forced him to work hard from the beginning. After graduating from the University of Missouri, he got a job at J.C. Penney. In 1943 he joined the military where he served as an Army Captain. He got married to his wife Helen the same years, and they had four children together.
After WW2 he bought his first Ben Franklin store in Arkansas, with the help of his father-in-law. Over the next two decades he owned 15 other Ben Franklin stores with his brother, James, but eventually he had had enough. Frustration over the management and the decision to ignore Walton's ideas caused him to strike out of his own. He opened his first Wal-Mart store in 1962 in Arkansas.
Over the years, the company went better than Sam had even expected, even though his competitors never believed in his idea. In 1976, the company had a share value of $176 million. He continued to work hard in the company until he turned 70, when he stepped down as the CEO. He died 4 years later, but remained active in the company upon his death.
""'If we work together, we'll lower the cost of living for everyone... we'll give the world an opportunity to see what it's like to save and have a better life.'
"
Sam Walton has a dream to bring great quality and good service together to improve retail for consumers. He hoped to achieve a successful business that had low prices with high quality goods. He wanted his customers to be treated properly and make their lives better.
Obstacles:
Walton didn't just receive the success he experienced, he worked endlessly to get there. When he started out, he didn't have a ton of money. He had to get jobs waiting tables in order to get food. One of his biggest obstacles was finances. He got a loan of 20,000 dollars from his father in law and worked hard to come up with $5000 of his own to put into his first store.
Walton also didn't have many people that believed in him at the beginning. He had to keep his head high and push out all the negative while taking risks when carving his own path.
Achievements:
He received the the Medal of Freedom from George H. W. Bush because of his dedication to serve and interest in the good of others. He was also named the richest man in the United States from 1982 to 1988. In addition, he won a spot in the Junior Achievement U.S. Business Hall of Fame.
Talents:
One aspect about Walton that led to his success was his ability to be a respectful man that earned the trust of others. He had great leadership skills and dedication as well. He was a great businessmen and had the qualities that made customers love his business.
Legacy:
His highly successful business, WalMart, is still one of the top businesses in the retail world today. Because of Walton, Walmart continues to work and give back to others in honor of him. He inspired people to do things in the interest of others. He taught businesses how to keep the care for their customer one of their top priorities and to have a desire to do what you love.
Oprah Winfrey has truly accomplished the American Dream. She didn't have a lot growing up, and spent her first years with her grandma. After moving in with her mom, she was sexually abused for several years, until she ran away at the age of 14. She had a baby who died in infancy, before she moved in with her father. He was strict, but gave her the secure home she needed.
She worked herself up to becoming an honor student and getting a scholarship to Tennessee State University. She co-hosted her first tv-show in 1976, and got her own show named "The Oprah Winfrey Show" in 1985. She also achieved her dream of being in a movie.
With her show, she has helped thousands of people and made a difference in the society. She worked herself up from nothing, to being one of the most successful people in the U.S.
She got awarded with the Presidential Medal of Honor by President Barack Obama in 2013.
Jay Z or Shawn Carter is one of the most successful artists and entrepreneurs in America. He has sold over 100 million records, and won 19 Grammy Awards. He grew up in Brooklyn, New York, with his three siblings and their mom. His father abandoned the family when he was young. He dropped out of high school, and was involved in selling drugs. He was always interested in music, and started writing lyrics and freestyling from early on.
Photo by NRK P3
