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Wh was vanderbilt a captain of industry
What affects did cornelius vanderbilt have
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Cornelius Vanderbilt is amongst the richest men in America primarily because of his devotion to American railroad systems and steamship companies. Although he has made great contributions to present day transportation, possibly his most integral beneficence was "the invisible architecture" of the financial system. Vanderbilt was gifted from the very beginning, due to his shrewd nature and ability to adapt to growing demands of industrialization. Despite his lonely upbringing and lack of assistance from anyone while working, his innovations greatly contributed to the success of American transportation. Vanderbilt is known to have lived under the impression that there was “no room for friendship in trade” however he has managed to gain a lot of support and help expand the conveyance of people, cargo, and finished goods in New York and soon, across the US.
II. Born in Staten Island, New York, Vanderbilt
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He established the Accessory Transit Company, which would facilitate the transport of prospectors from the East coast to the West coast of Nicaragua He then sent steamboats from New York City and New Orleans to Nicaragua, where passengers completed the journey across Central America by using his boats and wagons (Hamilton). His efforts shortened the travel time to California and reduced the cost of getting there. Vanderbilt's development of railroads and steamboats helped Americans prosper by providing the necessary transportation to work. The railroads laid the groundwork for the Industrial Revolution through providing a foundational need in the development of industries.
IV. For all of the following reasons, I ask the jury to take into account the numerous actions that Cornelius Vanderbilt did to improve conditions for the American people, and renounce all
Hill a market engineer was known best for being the builder of the Great Northern railroad. He was the onl y entrepreneur in the ninetiinth century who did not get any goverment funds to build his rail roads. His philosophy guided him to succeed and flourish through all the depression and fierce competion, receiving no tax payers dollars. He build the most efficient railroad lines, building the line straight as possible, taking in consideration the best elevations and useing the highest quality bessemer rails. Because he took no Federal aid he formed private contracts with Indian reservations in North Dakota and Montana. Doing this let him cut fuel costs alot and made rail repairs very low. He also Promoted exports, by giving land to immigrant along the line and showed them how to farm. He did experiments on what could be grown and how to produce it in the best way and the best quality. Doing this he was able to export wheat from the farms and also increase the population of the region. Then another thing that made him strive was he only expanded as profits allowed. He moved way slower than the other railroad companys, but when he was done his finances were well in order and sound. He was able to buy out St. Paul and Pacific Rail, also he invested 6 million dollars into 2 steamships and began exporting products from america to china, India, and Japan. this increased Us exports to japan from 7.7 million dollars to 51.7 million dollars in nine years. Also supplying
Cornelius Vanderbilt was born in Port Richmond on Staten Island, N. Y. in 1794. Cornelius at the age of 16 had already stepped into the busniess world and he didn’t even know it. At 16 he entered into the steamboat business when he established a freight and passenger service between Stanton Island and Manhattan. Little did Cornelius know this would be one of the key ways he would make his millions upon millions. Cornelius entered the steamer business in 1818, and bought his first steamship in 1829. Cornelius was not a laid back guy nothing was ever good enough for him. If you had and Cornelius Vanderbilt wanted it there wasn’t much you could do to keep him from getting it. This is the kind of attitude that put him on top of the world. After establishing his steamboat Vanderbilt became a very vigorous competitor, lowering his rates while also making his ships top of the line. Vanderbilt the entrepuner himself soon controlled must of the Hudson River. After awhile his fellow competitors in the steamboat business paid him to take some of his traffic elsewhere so that he wouldn’t get all the work. By 1846 Vanderbilt was a very wealthy man and with wealth he learned cam power. He became widely know as the Commodore Vanderbilt. Vanderbilt sold his steamboats in 1862 and began buying railroad stocks. In a mere 5 years Vanderbilt used his power to uphold most of the New York Central Railroad system. Vanderbilt like in his steamboats strived to be the best in the railroads now. Vanderbilt established many railway systems during his railroad career maybe his most famous was that of the one that connected New York and Chicago in a direct rail route in 1873. At the time of Vanderbilt’s death in 1877 he was worth over 100 million dollars the most at that time.
The industrial leaders, Robber Barons, of the 19th century are men who are very respected and admired. Andrew Carnegie was a boy from Scotland who came over to this country with nothing. He continued to save and work his way up in the industry until he had complete control over the steel industry. John D. Rockefeller was also one who came from an ordinary home. When he saw an opportunity, he took it, along with the risks. He came to control the oil industry. Another man that took many opportunities to expand and grow was Cornelius Vanderbilt. These men saw what they needed to do to become successful and they did it. These men's' lives reflected the Darwinian ideology of the times, "survival of the fittest".
The want for wealth saturates everyone’s mind at one point or another. Almost everyone dreams of having the large mansion near the beach, the multiple cars, etc., but this money does not just come, it either has to be inherited or earned. During the 1800s, most wealth was inherited, but there were a few self-made men that worked their way from the bottom to the top in order to become wealthy. One man in particular influenced wealthy men to come like Andrew Carnegie and Rockefeller. He was able to begin many of the ideas brought about during the Gilded Age because not only was he a major influence in society, but he greatly changed the economy and the industries he was involved in during that time. Lastly, he modernized commerce for businessmen to come. Cornelius Vanderbilt has become one of the most famous names in American history because of the everlasting positive changes he introduced to the country. Cornelius Vanderbilt was an inspiration for future wealthy personas of the Gilded Age because he fought to limit competition in the developing railroad and steamboat industries; his tactics in these industries lead him to great wealth, which helped him wield enormous power and influence over the American economy and politics.
Railroads were one of the most used transportation during the Gilded Age, making traveling the United States quicker. This allowed shipping products to other states easier, while keeping the consumers happy. Originally, shipping steel, or other heavy equipment was near impossible until railroads/train could carry mass tons of products.
As you can see, the business world we know today would not have been possible without some of the many advances that took place in the Gilded Age, and although newer laws and standards in the business prevent big business tycoons from becoming as powerful as they once were in the Gilded Age, we still see signs today of what business leaders such as Cornelius Vanderbilt, Andrew Carnegie, John D. Rockefeller, and J. P. Morgan all contributed to the business world.
During the 1800’s, America was going through a time of invention and discovery known as the Industrial Revolution. America was in its first century of being an independent nation and was beginning to make the transition from a “home producing” nation to a technological one. The biggest contribution to this major technological advancement was the establishment of the Transcontinental Railroad because it provided a faster way to transport goods, which ultimately boosted the economy and catapulted America to the Super Power it is today.
One of the most important achievements of the Gilded Age was the creation of a network of railroads including the transcontinental railroad, which connected the United States from New York to California, facilitating transportation across the continent. During the Gilded Age the length of all the railroads combined increased threefold ("Second Industrial Revolution"). This was significant not only because it decreased travel time from the eastern to western parts of the U.S and vice versa down from months to weeks and allowed people to settle the central United States, but also opened new areas for commercial farming and gave an economic boost to steel...
As the need of human transportation and various forms of cargo began to rise in the United States of America, a group of railroads with terminal connections along the way began to form across the land mass of this country, ending with the result of one of the most influential innovations in American history, allowing trade to flow easily from location to location, and a fast form of transportation, named the Transcontinental Railroad.
The growth of agriculture and railroads in Texas and in the United States helped form our economy today. Railroads today pass through a lot of Texas, and even in big cities like Houston or Dallas. Since there are so many farms and open farmland (especially in south and west Texas), railroads can carry the produce and livestock to their destination. James Watt invented the first steam engine in about 1769, and from then on, railroads were a must for transportation, since cars had yet to be invented. Railroads began to be built before the Civil War. It originally took about 6 months to get from the west of the US to the east, but now it only took 7 days. With railroads expanding all across the country, agriculture was affected in a mostly positive way. Now, crops and other goods could be transported by train anywhere in the US, and fast.
The transcontinental railroad would eventually become a symbol of much-needed unity, repairing the sectionalism that had once divided the nation during the Civil War. The construction of the transcontinental railroad was also an extension of the transportation revolution. Once commodities such as gold were found in the western half of America, many individuals decided to move themselves and their families out west in search of opportunity. Not only did the railroad help to transport people, but it also it allowed for goods to be delivered from companies in the east. In the end, the American transcontinental railroad created a national market, enabling mass production, and stimulated industry, while greatly impacting American society through stimulated immigration and urbanization.
The development of canal, steam boats and railroads provided a transportation network that linked different regions of the nation together. When farmers began migrating westward and acquiring land for crops, cheaper forms of transportation provided the means to transfer their goods to other regions for s...
Travel by land and water was both tedious and expensive. Transporting one ton of goods across states would cost around 100 dollars or 1,265 dollars in today’s money. In the 1790s, land routes connecting the east coast and the farther western regions of the United States were undeveloped. Along with this, when weather conditions were poor land routes could not support any sort of dependable shipping by wagon, or even travel by horseback. Natural waterways provided the most dependable method of transport west of Albany. Even travel by waterway in this time period was inconvenient because these water routes were unreliable due to shallow water and raging rapids.
The Transcontinental railroad could be defined as the most monumental change in America in the 19th century. The railroad played a significant role in westward expansion and on the growth and development of the American economy (Gillon p.653). However, the construction of the transcontinental railroad may not have occurred if not for the generous support of the federal government. The federal government provided land grants and financial subsidies to railroad companies to ensure the construction. The transcontinental railroad contributed to the formation of industry and the market economy in America and forever altered the American lifestyle.
Canals, steamboats, and railroads allowed for faster travel of exports and the creation of bigger cities. The invention of the Pony Express, specialized regions, and infrastructure permitted Americans to keep in touch over long distances and the creation of market towns, which inspired a deep, national connection from all corners of the country. The giant leap made by the Transportation Revolution changed America greatly in ways of their economy and