Wells Forgo's Wells Fargo
By 1918 Wells Fargo was among the 10000 communities. That year the express network taken over by the Federal government as part of First World War and Wells Fargo left with one bank in San Francisco. Wells Forgo earned reputation from the events and tremendous growth of 20th century. In depression and war, even greater post war prosperity, social changes and faster communications technologies, Wells Fargo’s focus was only the customers’ business and it has seen it through great events and brought prosperity. In the 1910s and 1920s, to support the West’s growing business and agriculture, including auto, aerospace and film industry Wells Fargo served as a commercial bank in San Francisco. Supporting the West’s growing business and agriculture,
Wells Fargo Research Paper
754 Words | 4 PagesWells Fargo has been in business for over 160 years and was founded on March 18, 1852, by Henry Wells and William Fargo. The company opened its first office, in San Francisco, on July 1852. Wells Fargo served the West with banking needs, which included gold and paper bank drafts, and offered quick delivery of gold or other valuables. In1855, the first of many financial dilemmas took place when a drought made it impossible to mine for gold, and this caused almost 200 businesses in San Francisco to fail, but Wells Fargo didn’t fail, they prospered. In the early1860s, Wells Fargo acquired almost all the stage lines from the Missouri River to California, giving them a monopoly on transcontinental delivery services.
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