https://padlet.com/thomasbr3/s1gekqdorvvw The one who monopolized the steamship industry and the railroad. en-us 2017-12-15 00:03:42 UTC 2017-12-15 00:52:56 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png thomasbr3 https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216360546 Also known as "Commodore Vanderbilt"]]> 2017-12-15 00:09:18 UTC https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216360546 thomasbr3 https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216361138 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 1820's, and eventually became one of the country’s largest steamship operators. In the process, the Commodore, as he was publicly nicknamed, gained a reputation for being fiercely competitive and ruthless. In the 1860's, he shifted his focus to the railroad industry, where he built another empire and helped make railroad transportation more efficient. When Vanderbilt died, he was worth more than $100 million.]]> 2017-12-15 00:16:45 UTC https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216361138 thomasbr3 https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216362764 In 1817, Cornelius went to work as a ferry captain for a wealthy businessman who owned a commercial steamboat service that operated between New Jersey and New York. This job allowed Vanderbilt to get experience in learning burgeoning steamship industry.]]> 2017-12-15 00:36:45 UTC https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216362764 thomasbr3 https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216362854 In the late 1820's, he went into his very own business. It was building steamships and operating ferry lines around the New York region. He was very aggressive, but he became a dominant force in the industry by engaging in fare wars with his rivals.]]> 2017-12-15 00:38:02 UTC https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216362854 thomasbr3 https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216362877 In the early 1850's, during the California Gold Rush, before the transcontinental railroads, Vanderbilt established a steamship service that transported prospectors from New York to San Francisco via a route across Nicaragua.]]> 2017-12-15 00:38:30 UTC https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216362877 thomasbr3 https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216362955 In the 1860's, Cornelius changed his focus it was from shipping to the railroad industry. He gained control of a number of railway lines operating between Chicago and New York, and also established an inter-regional railroad system.]]> 2017-12-15 00:39:43 UTC https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216362955 thomasbr3 https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216363024 Cornelius was the driving force behind the construction of Manhattan's Grand Central Depot, which happened to have open in 1871. This location was torn down and replaced by present-day Grand Central Terminal.]]> 2017-12-15 00:40:59 UTC https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216363024 thomasbr3 https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216363091 Cornelius did not own mansions or give away money to charity. But, in 1873 he gave $1 million to build Vanderbilt University in Nashville, Tennessee. Vanderbilt died at age 82 on January 4, 1877 at his home in Manhattan. He left his son William more than $100 million. The life of Cornelius Vanderbilt will forever be remembered. He is considered the father of railroad shipping, and steamboat service.]]> 2017-12-15 00:41:58 UTC https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216363091 thomasbr3 https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216363434 History.com Staff. “Cornelius Vanderbilt.” History.com, A&E Television Networks, 2010, www.history.com/topics/cornelius-vanderbilt.]]> 2017-12-15 00:46:53 UTC https://padlet.com/thomasbr3/s1gekqdorvvw/wish/216363434