What did Gustavus Swift do with his money?
What did Gustavus Swift do with his money?
Gustavus Franklin Swift, Sr. Swift donated large sums of money to such institutions as the University of Chicago, the Methodist Episcopal Church, and YMCA. He established Northwestern University’s “School of Oratory” in memory of his daughter, Annie May Swift, who died while a student there.
Who was Gustavus Swift and why was he important?
Gustavus Swift (1839-1903) was an American industrialist. His meatpacking plants revolutionized the industry, introducing refrigerated railroad cars and implementing strict cost controls.
How did Gustavus Swift treat his workers?
Swift devoted his time to teaching the employees about the company’s methods and policies. Although he was strict, he motivated the employees by making them focus on the company’s profit goals by following a strict policy of promotion from within.
What did Gustavus Swift parents do?
Sally Crowell
William Swift
Gustavus Franklin Swift/Parents
What is a reefer train car?
A refrigerator car (or “reefer”) is a refrigerated boxcar (U.S.), a piece of railroad rolling stock designed to carry perishable freight at specific temperatures.
What did Gustavus Franklin Swift do for a living?
Gustavus Franklin Swift, Sr. (June 24, 1839 – March 29, 1903) was an American business executive. He founded a meat-packing empire in the Midwest during the late 19th century, over which he presided until his death. He is credited with the development of the first practical ice-cooled railroad car,…
Who was the founder of Swift and Company?
Gustavus Swift. Written By: Gustavus Swift, in full Gustavus Franklin Swift, (born June 24, 1839, West Sandwich [now Sagamore], Massachusetts, U.S.—died March 29, 1903, Chicago, Illinois), founder of the meatpacking firm Swift & Company and promoter of the railway refrigerator car for shipping meat.
When did Gustavus Swift form his first business?
In 1878 Swift formed a partnership with his brother, and in 1885, with capital of $300,000, he incorporated the firm of Swift & Company, with himself as first president.
Who are the parents of Gustavus Franklin Swift?
Swift was born on June 24, 1839 in Sagamore, Massachusetts, the 9th of 12 offspring of William Swift and Sally Crowell. His parents were descendants of British settlers who went to New England in the 17th century.