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In 1884, the firm Grant & Ward went bankrupt and ruined the investments of both Ulysses S. Grant and Vanderbilt, whom Grant had convinced to invest $150,000. Ferdinand Ward , known as the Napoleon of Wall Street, had, unknowingly to both Grant and Vanderbilt, operated the company as a Ponzi scheme that resulted in financial ruin for many.
Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. [1] [2] After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trade and invested in the rapidly growing railroad industry, effectively transforming the geography of the ...
While many Vanderbilt family members had joined the Episcopal Church, [9] [10] [11] Cornelius Vanderbilt remained a member of the Moravian Church to his death. [12] [13] The Vanderbilt family lived on Staten Island until the mid-1800s, when the Commodore built a house on Washington Place (in what is now Greenwich Village).
After World War II: changing hands In the post-war years, Warner Bros. prospered greatly and continued to create new stars, including Lauren Bacall and Doris Day . [ 140 ] By 1946, company payroll reached $600,000 a week [ 140 ] and net profit topped $19.4 million (equivalent to $312.8 million in 2024).
The growing company needed space, and in 1926 Fox acquired 300 acres (1.2 km 2) in the open country west of Beverly Hills and built "Movietone City", the best-equipped studio of its time. Because William Fox opted to remain in New York, much of the Hollywood filmmaking at the Fox Film Corporation was instead managed by Fox's movie makers. [18]
The current "Big Five" majors (Universal, Paramount, Warner Bros., Disney, and Sony) all originate from film studios that were active during Hollywood's "Golden Age". Four of these were among that original era's "Eight Majors," being that era's original "Big Five" plus its "Little Three," collectively the eight film studios that controlled as much as 96% of the market during the 1930s and 1940s.
At age 19, he toured Scotland with Durward Lely & Company, playing Connor Martin in the romantic Irish musical costume drama The Wearin’ o’ the Green. [4] [5] [6] In 1912, [7] Clyde first came to the United States on tour in the Graham Moffat Players, playing the part of Bob Dewar in a vaudeville comedy sketch depicting tenement life in Glasgow called The Concealed Bed.