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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 ...
Cornelius Vanderbilt, who set his mind on building a railroad empire, saw multiple business and financial opportunities in railways and decided in 1866 to corner the market on Erie by silently scooping-up the Erie railroad stock. After succeeding, Vanderbilt permitted Drew to stay on the board of directors in his former capacity as treasurer. [3]
The series focuses on the lives of Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J. P. Morgan, and Henry Ford. It tells how their industrial innovations and business empires revolutionized modern society. The series is directed by Patrick Reams and Ruán Magan and is narrated by Campbell Scott. It averaged 2.6 million total ...
Inventor Thomas Edison demonstrated his first working phonograph model.A pound of rice cost about 9 cents.Vanderbilt's Legacy: Cornelius Vanderbilt was born on May 27, 1794, on Staten Island, New ...
WalletPop's Lan Nguyen chats with T.J. Stiles, author of The First Tycoon: The Epic Life of Cornelius Vanderbilt (Knopf), on how the Commodore became one of the wealthiest and most powerful men in ...
Vanderbilt's private shipping company began running the same routes, charging a fraction of the price, making a large profit without taxpayer subsidy. The state-funded shippers then began paying Vanderbilt money to not ship on their route. A critic of this tactic drew a political comic depicting Vanderbilt as a feudal robber baron extracting a ...
It was during this time that railroad magnates such as Jay Gould and Cornelius Vanderbilt amassed great power and fortunes from consolidation of smaller rail lines into national corporations. By 1920, 254,000 miles (408,800 km) of standard-gauge railroad track had been laid in the United States, all of it owned or controlled by seven ...
The First Tycoon: The Epic Life of Cornelius Vanderbilt is a 2009 biography of Cornelius Vanderbilt, a 19th-century American industrialist and philanthropist who built his fortune in the shipping and railroad industries, becoming one of the wealthiest Americans in the history of the U.S.