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Transcript of Cornelius Vanderbilt
-Grew up poor and by 11 years old he dropped out of school to work for his dad out on the sea.
-It was through this experience that he developed an interest in the sea & the shipping business.
-At 16, he earned $100 and used it to buy his first sailboat & started his own ferry business.
-In 1813, at 19, he married his first cousin Sophia Johnson, and the couple eventually had 13 children. Who was he? The Railroad -One of America's leading businessmen, a railroad tycoon, & one of the Captains of Industry.
-During his time, he was a self-made millionaire & the richest man alive.
-Credited for helping shape the present-day United States. Ties to Modern Day... Anderson Cooper from CNN is the great- great-great-grandson of Cornelius Vanderbilt In 1873, when Cornelius Vanderbilt was 79, he donated $1 million to establish Vanderbilt University in Nashville, TN. Steamship Business -Went into business for himself in the late 1820s
-Became one of the country’s largest steamship operators
-Was nicknamed the "Commodore"
-Engaged in fare wars with his rivals... It was at this time that he gained a reputation for being fiercely competitive and ruthless He could be described as burly,
boisterous, & white-whiskered.
Also as ill-educated, ungrammatical, coarse, & clear-visioned.
He was so ruthless that, in some cases, his competitors paid him hefty sums not to compete with them. He was already famous from steam-boating- but in his 60s he made a career change to the Railroad business. He offered railway service for lower rates & ultimately made over $100 million -Famous for changing the tracks in NYC from iron to steel: making it safer for the people and less expensive for the company When did he work? Description Vanderbilt worked from age 11 up until his late 70s-
even made a major career change in his mid 60s & became the richest man in America. He died at 82. He gained control of a number of railway lines operating from NY to Chicago, & created a complete railroad system from numerous short railroads Vanderbilt was responsible for the original Grand Central Depot- which later was torn down & became Grand Central Terminal in NYC Continued He dramatically changed America's transportation system through his work. In conclusion.. Cornelius Vanderbilt had a humble beginning and eventually worked his way to the top.
-He was tough to work with but ultimately he did so much good for the Railroad business that it outweighed what he put many people through.
-Overall, in an effort to get rich, he ended up helping millions of people & has impacted history greatly.