On March 18, 1852, Henry Wells and William Fargo founded the company that would bear their name. The two men were already wealthy business owners, serving as the first president and vice-president of American Express, which they helped establish two years earlier.Like American Express, Wells Fargo was originally an express-delivery business. The company guaranteed delivery of mail, packages, and other goods safely and efficiently. After the discovery of gold in California in 1849, the Wells Fargo stagecoach became a symbol of the American West—shipping machinery, freight, and finished goods from the East Coast to the frontier. It also delivered valuable ore, documents, and mail from the West to the east.
Term Part of Speech Definition Encyclopedic Entry American West Noun
U.S. states west of the Missisippi River.
organization that loans, protects, and exchanges money to and from individuals and organizations.
to carry or support.
sale of goods and services, or a place where such sales take place.
something seen, documented, or noticed for the first time.
performing a task with skill and minimal waste.
to form or officially organize.
having to do with money.
goods transported by air, land, or sea for profit.
largely unpopulated area that is slowly being opened up for settlement.
object or service that serves a human need or want.
mechanical appliances or tools used in manufacturing.
deposit in the Earth of minerals containing valuable metal.
Encyclopedic Entry: ore stagecoach Noun
covered vehicle pulled by horses, used to transport people and cargo.
something used to represent something else.
to develop and be successful.
transcontinental railroad Noun
railroad that spans an entire continent.
worth a considerable amount of money or esteem.