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Joe L

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Satanapat Liewkasemsant

on 3 May 2010

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Transcript of Joe L

Cornelius Vanderbilt He was born in May 27,1794 He quit the school at age 11. by the time he was 16 He was operating his own boat On November 24, 1817 Thomas Gibbons asked Vanderbilt to captain his steamboat between New Jersey and New York. After Thomas Gibbons died in 1826, Vanderbilt worked for Gibbons' son William until 1829. Though he had always run his own businesses on the side, he now worked entirely for himself. Step by step, he started lines between New York and the surrounding region. On November 8, 1833, Vanderbilt was nearly killed in a wreck on the Camden and Amboy Railroad in New Jersey. Also on the train was former president John Quincy Adams Though Vanderbilt had relinquished his presidency of the Stonington Railroad during the California gold rush, he took an interest in several railroads during the 1850s Vanderbilt University, named in his honor. Vanderbilt gave $1 million, the largest charitable gift in American history to that date. He also bought a church for $50,000 for his second wife's congregation, the Church of the Strangers. At the time of his death, aged 82, Cornelius Vanderbilt's fortune was estimated at $100 million. According to "The Wealthy 100" by Michael Klepper and Robert Gunther, Vanderbilt would be worth $143 billion in 2007 dollars, if his total wealth as a share of the nation's GDP in 1877 were taken and applied in that same proportion in 2007, making him the third-wealthiest person in American history after Rockefeller and Carnegie
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