ENGLISH LITERATURE (CBSE/UGC NET)

Detailed explanation-1: -Milton Hershey started the Lancaster Caramel Company in 1886 after he returned to Lancaster, Pennsylvania following the failure of his New York City candy business. The Lancaster business would be his third confectionery venture.

Detailed explanation-2: -Trained in the confectionery business, Hershey pioneered the manufacture of caramel, using fresh milk. He launched the Lancaster Caramel Company, which achieved bulk exports, and then sold it to start a new company supplying mass-produced milk chocolate, previously a luxury good.

Detailed explanation-3: -The immediate success of his chocolate company convinced Hershey to sell his caramel company and to focus on making chocolate. The sale of the Lancaster Caramel Company for $1, 000, 000 in 1900 provided Hershey with the necessary capital to pursue the manufacture of chocolate in a new factory in a new town.

Detailed explanation-4: -Returning to Lancaster, PA in 1883, Hershey established the Lancaster Caramel Company, which quickly became an outstanding success. It was that business which established him as a candy maker and set the stage for future accomplishments.

Detailed explanation-5: -The Hershey Company traces its origins to the 1880s, when Milton S. Hershey founded the Lancaster Caramel Company in Lancaster, Pennsylvania. After seeing German-made chocolate-processing machinery at the World’s Columbian Exposition of 1893 in Chicago, Hershey decided to go into the chocolate business.