Newport, Arkansas

While the first Walmart may have opened in Rogers, Arkansas in 1962, the foundation for the company’s business strategies were laid long before. Walmart founder Sam Walton was born in 1918, and his attitudes toward money were developed by living through the depression. Working through these hard times, Mr. Walton went on to pursue a degree in business from the University of Missouri, then began his management career with JC Penney. After returning from serving in WWII, Mr. Walton bought a Butler…

ownership of Wal-Mart's stock made him the richest man in America (Huey 1998). Rent In 1945, Walton at the age of 26 with the help of a $20,000 loan from his father-in-law, and $5,000 of his savings purchased a Ben Franklin variety store in Newport, Arkansas (Forbes 1997). Walton managed to sales volume growing from $80,000 to $225,000 in three years and drew the attention of the landlord, P. K. Holmes, whose family had a experience in retail. Holmes eventually refused to renew the lease…

Sam Walton Early Life In 1918, Sam Walton was the first of two boys born to Thomas Gibson and Nancy Lee Walton. He was born in a small town near Kingfisher, Oklahoma, but due to his father’s work as a farm mortgage banker, his family moved to Columbia, Missouri. The Great Depression caused Walton to know what it was like to live in poverty at a young age. Walton’s parents taught him early the importance of saving money and to always treat people with respect. For the rest of his life, these…

Gates III was born October 28, 1955 in Seattle, Washington. His dad, William H. Gates II is an attorney, and his late mother, Mary Gates, was a schoolteacher, University of Washington regent, and chairwoman of United Way International. Gates attended public elementary school and the private Lakeside School. There, he discovered his interest in software and began programming computers at age 13 (Microsoft, 2011). As young teenagers Bill Gates and his childhood friend, Paul Allen, ran a small…

The American Dream is a term that has been used in American society for generations. Although, many people do not actually know where it came from, why it is said, or what it means. The American Dream was created in the early 1930’s and the original definition was the ability to achieve prosperity and success for each man regardless of his skill or upbringing. In the present day, this definition has changed a bit and is not so easily achieved by everyone due to the separation of classes. The…

In the (Karen Olsson, 606) it states that Wal-Mart is a frenetic, fast-paced, environment and it seems, there simply aren’t enough people around to get the job done. On a given shift McLaughlin might man a register, hop a mechanical lift to retrieve something, from a high shelf, catch fish from a tank, run over to another department to help locate an item, restock the shelves, dust off the bike racks, or field questions about potting soil and lawn mowers. In other words, employers in her…

uphold the laws of the federal court. Governor Faubus soon found out that he was being investigated. The United States Government and the Governor of Arkansas were now headed toward a huge collision. After many phone calls and letters, Faubus and Eisenhower finally agreed to meet. On the morning of Saturday, September 14, Faubus arrived at Newport. He and President Eisenhower talked alone for about twenty minutes and then were later joined by…

BB King Autobiography... By Cameron Coleman Riley B. King was born to a family of poor sharecroppers on a plantation near the small town of Itta Bena in the Mississippi Delta. King's parents separated when he was only five and his mother took him to live in the nearby hill country in Kilmichael, Mississippi. By age seven he was doing the work of a grown man in the field. He was only nine when his mother died. He found inspiration in the music of the African American church. He dreamed of…