Cornelius Vanderbilt

Cornelius Vanderbilt was both a Robber Baron and a chieftain of intentness. Had rags to riches story that turned around on the waterfront by becoming a crew member on a ship. He took control over the entire rail industry. He also donated massive arrives of money to Vanderbilt University which makes him like Carnegie, both a robber baron and a captain of industry. The man nicknamed Commodore forsake school at 11 years old to racy on a life at sea. He took over the agate line of his captain and ferried a steam ship mingled with sweet Brunswick and cutting York. He ferried supplies back and forth to forts during the war of 1812 and did many a(prenominal) other ferry routes including sassy York to San Francisco using San Juan River and Lake Nicaragua. The Hudson River was controlled by Vanderbilt by cutting fares and offering luxury on his ships. His competitors who were break onto moving in by their fingertips paid him to front his business. He gladl y original and moved his business to Long Island, parsimoniousness and Boston. This was rather untamed due to the fact that he could drive had a monopoly in the Hudson River but moved his company trying to get purge more money. Apparently, it didnt work because he sold his boats and invested so much stock he possess the New York and Harlem Railroad.

He later bought the Hudson Railroad and New York key Railroad. He was the frontmost person to offer service from New York to Chicago when the Lake coast and Michigan Southern Railroad was purchased. This was some other gutsy move by Vanderbilt because it is hard to maintain that amount of railroad and hush up make a salary. He did make a profit though. Vanderbilt ! was a captain of industry because he used his fortune to fund Vanderbilt University that was the idea of his nephew. Vanderbilt gave to the early for a long conviction by funding the University. The best thing Vanderbilt ever did for the US economy was order the New York Grand Central last(a) during the panic of 1873 which gave many job opportunities to the...If you fate to get a full essay, order it on our website: OrderEssay.net

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