Celebrating 130 Years of Dedicated Service to Military Families

Celebrating 130 Years of Dedicated Service
The Army & Air Force Exchange Service has reached a significant milestone as it celebrates its 130th anniversary of supporting those who serve. This remarkable journey began in 1895 when the U.S. Department of War's General Orders established the need for a post exchange (PX) for military members.
Over the decades, the Exchange has evolved into a crucial resource, adapting to the dynamic needs of military personnel. It was designed to provide essential goods and services, eliminating the middlemen who offered inflated prices to Soldiers traveling away from home. The PX system was established to centralize these necessities, ensuring that service members had access to affordable goods.
As World War II approached, the War Department recognized the need to enhance the Exchange system, leading to the formation of the Army Exchange Service in 1941. This evolution continued, and in 1947, with the establishment of the Air Force, the service became the Army & Air Force Exchange Service we know today.
The Exchange operates as a non-appropriated fund entity of the Department of Defense, primarily utilizing its revenue from sales to fund operations. Throughout its history, the Exchange has been instrumental in supporting military personnel during conflicts, including World War II, Korea, Vietnam, and operations in Desert Storm and Iraqi Freedom.
Today, the Exchange manages a broad array of Quality-of-Life services, serving military families across over 30 countries and territories. Each service offering aims to enhance military readiness and provide valuable support to service members. Notably, in 1979, the Exchange gained Congressional approval to create the Exchange Credit Program, aimed at safeguarding service members from predatory lending practices.
The MILITARY STAR card, a product of this program, delivers substantial value to cardholders, generating over $470 million annually through exclusive offers. Service members can enjoy significant tax-free savings and military-exclusive pricing on a wide range of products, from groceries and essentials to renowned name-brand merchandise. The Exchange also integrates popular restaurants, health services, and convenience stores into military installations, greatly enriching the lives of military families.
Tom Shull, the Exchange Director/CEO, reflected on the Exchange's legacy and mission, stating, "The hard-earned Exchange benefit creates a virtuous cycle that adds tangible value to our military mission and honors those who serve. As we commemorate 130 years of service, our commitment to providing the best support for our troops remains steadfast."
All profits generated by the Exchange are reinvested into the military community, enhancing the lives of service members and their families. Over the past decade, the Exchange has contributed more than $15 billion in value to the military community through various programs and services.
The Exchange also plays a pivotal role in honoring military history. As a 50th Anniversary Vietnam War Commemorative Partner, it is dedicated to recognizing the service and sacrifice of Vietnam Veterans. Events and activities are conducted to celebrate their valor and contributions.
With a rich history dating back to 1895, the Army & Air Force Exchange Service continues to be a vital part of military life. Its dedication to providing valuable goods and services at military-friendly prices sets it apart as one of the largest retailers in the United States. As the Exchange looks to the future, it remains committed to enhancing the quality of life for service members and their families.
Frequently Asked Questions
What is the purpose of the Army & Air Force Exchange Service?
The Army & Air Force Exchange Service aims to provide essential goods and services to military members and their families at military-friendly prices, enhancing their quality of life.
How has the Exchange evolved over the years?
The Exchange has evolved from its initial establishment in 1895 into a diverse service provider that now includes tax-free shopping, dining options, and various convenience services at military installations worldwide.
What are some key milestones in the Exchange's history?
Key milestones include the establishment of the Army Exchange Service in 1941 and its renaming to the Army & Air Force Exchange Service in 1947. It has continuously adapted to meet the needs of service members throughout multiple conflicts.
How does the MILITARY STAR card benefit service members?
The MILITARY STAR card offers exclusive deals and promotions, providing significant savings and financial flexibility for service members and their families.
What impact has the Exchange had on the military community?
Over the last ten years, the Exchange has contributed more than $15 billion in value to the military community, enhancing various Quality-of-Life programs and supporting military families.
About The Author
Contact Addison Perry privately here. Or send an email with ATTN: Addison Perry as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.