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6. Was Vanderbilt a  Robber Baron or a  Captain of Industry? Why?

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6. Was Vanderbilt a  Robber Baron or a  Captain of Industry? Why?

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Cornelius Vanderbilt was a Robber Baron because he fit many of the characteristics associated with robber barons. Meaning that he was manipulative and monopolized industry.

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5. Are there any positive  or negative quotes from  others about  Vanderbilt?

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5. Are there any positive  or negative quotes from  others about  Vanderbilt?

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There are positive quotes about him. People described him as fiercely competitive and ruthless.

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Vanderbilt gave $1 million to build and supply Vanderbilt University which was in Nashville, Tennessee.

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2. How did Vanderbilt treated his workers?

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2. How did Vanderbilt treated his workers?

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Vanderbilt did not treat his workers well. He basically didn’t care about them. He did nothing to help the conditions his workers worked in or pay them very little.

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Vanderbilt spent his money professionally. Vanderbilt invested his financial gain in steamboats. He controlled his money, investing and spending it wisely.

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1. How did Vanderbilt  acquire his wealth?

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1. How did Vanderbilt  acquire his wealth?

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Vanderbilt made his wealth by controlling two burgeoning industries. (Steamboat and railroad)

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Shipping and railroad tycoon Cornelius Vanderbilt (1794-1877) was a self-made multi-millionaire who became one of the wealthiest Americans of the 19th century. As a boy, he worked with his father, who operated a boat that ferried cargo between Staten Island, New York, where they lived, and Manhattan. After working as a steamship captain, Vanderbilt went into business for himself in the late 1820s, and eventually became one of the country’s largest steamship operators.