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Smart, powerful, wealthy, a promoter, a contributor, but most importantly, a businessman. These are all words that describe Cornelius Vanderbilt. Cornelius Vanderbilt was a well known and very successful person in the shipping and railroad industry. He always sought out new business oppurtunities, and was always thinking a step ahead on how he was going to make money next. Cornelius Vanderbilt’s business strategies and immense skills in the industry made him over 100-million-dollars throughout his lifetime. Ever since Cornelius Vanderbilt was little, he had plans to be a boatman and become rich, and he did just that. Cornelius Vanderbilt was born on May 27, 1794, in Port Richmond, Staten Island, New York. He was born into a hardworking family of farmers and he had many siblings as well as a father named Cornelius van Derbilt and a mother named Phebe Hand. At just eleven years old, Cornelius Vanderbilt started working with his …show more content…
Cornelius Vanderbilt is most recognized in the United States history for building the New York Central Railroad System and expanding this system to be over 2,400-miles long. From when Vanderbilt was only eleven-years-old, to the day he died, he was working hard, making money, and becoming known as one of the richest persons of, not only his time, but all time. Vanderbilt was also known for his impeccable business skills in the boating and railroad industry, and how he made such a fortune through these two things. Throughout United States history, many people are admired for their hard work and dedication to their businesses and how successful they are in their fielf, but Cornelius Vanderbilt will always be remembered as the most successful, competitive, hard-working, and intelligient businessman in the hisstory of the United States. (Childhood, Life Achievements & Timeline: Who Is Cornelius Vanderbilt? Everything You Need to Know. Page
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
Robert Fulton, Edward K. Collins and Samuel Cunard are a few political entrepreneurs, that Folsom tells about. All three of these men worked in the steamboat industry and received federal aid to run their businesses. Also, they all had high prices for passenger fair and mail postage. Unfortunately, Cornelius Vanderbilt, a market entrepreneur, defeated Fulton, Collins and Cunard.
Andrew Carnegie, the monopolist of the steel industry, was one of the worst of the Robber Barons. Like the others, he was full of contradictions and tried to bring peace to the world, but only caused conflicts and took away the jobs of many factory workers. Carnegie Steel, his company, was a main supplier of steel to the railroad industry.
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 puts 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.
The Gilded Age marked a period of industrial growth in America. Mark Twain termed the period of 1865 to 1896 as the “Gilded Age” to {indicate} the widespread corruption lying underneath the glittering surface of the era. Known as either “captains of industry” or “robber barons,” several prominent figures shaped this time period; these capitalists gained great wealth and success with their industries. Corrupt and greedy are two words associated with the term “robber barons,” which referred to the capitalists who acquired their great wealth in less than admirable and ethical ways. On the other hand, many referred to the capitalists as the “captains of industry” that were celebrated as admirable philanthropists; their way of acquiring extreme
George M. Pullman is best remembered for his contributions to the railroad industry through the invention of his Pullman Cars. The cars sold well and the railroad industry flourished with this new invention. Although the success attached to his name, not many people know the real truth behind this robber baron. His greed for money took him to extreme measures as his workers were seriously mistreated and put under strict
The nineteenth century America was a period of history following a number of long lasting wars and also a whole new start to new changes in society. With the collapse of multiple nations that were in contact towards the United States, it paved the way for the growing influence and development for the United States, spurring military imperialism and conflicts, and advances in scientific exploration and technologies. Because of the ideas and resources that were began to spread, develop and flourish in areas of the western hemisphere, the nineteenth century also saw opportunities in construction, communication, and in particular the transportation systems. But as different aspects of society began to improve and that more and more freedom were in the hands of the citizens and government, the competitive market not only expanded in profit and wealth, but simultaneously faced minor conflicts due to the abuse of their rights and property. Because of the rise of new technological advancements and resources, railroads in the 19th century American society quickly boomed cities and came across as the most dominant source of transportation, as it predominantly played a role in the expansion of industry across the United States. Also, it was a movement most efficient in creating their own monopoly and was quickly adopted by many other countries that sought influence.
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.
Nat Turner was born in October 2, 1800, on Benjamin Turner’s plantation in Southampton County, Virginia. His father was also a slave of Benjamin Turner’s and was believed to have successfully escaped and lived his life in the Great Dismal Swamp in southern Virginia and North Carolina. His mother was a slave named Nancy who used to live in Africa but was taken in 1763. Nat Turner was highly intelligent and imaginative even from early childhood, and his mother thought that he was destined for great things. He was overheard describing events that even happened before he was born, so the other slaves believed that he was destined to become a religious prophet. Nat Turner was a very religious slave who had many visions and led a rebellion against slavery.
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.
Andrew William Mellon belonged to a remarkable American generation, which oversaw the creation of individual fortunes, and unusual wealth. Mellon was different in the fact that he excelled in 4 different fields, a businessman, banker; a politician and statesman; an art collector; and as a philanthropist. Melon was a very generous man, and he started off prepared for his future because of the successful family which he was born into. Andrew Mellon was both an amazing social gospel and a social darwinist, overall he was a very successful businessman.
On April 23, 1791, a great man was born; fifteenth president of the United States, James Buchanan.He was born near Mercersburg, Pennsylvania. His father, James Buchanan, and his mother Elizabeth Speer Buchanan, raised their son a Presbyterian. He grew up in a well to do home, being the eldest of eleven other siblings. His parents cared for them all in their mansion in Pennsylvania. They sent him to Dickinson College.
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.
Carnegie saw how bad the wooden railroads were, so he proceeded to slowly replace them with iron ones. Carnegie's charm, perception, and hard work led to becoming one of the world's most famous men of the time, and led to the first corporation in the world with a market capitalization in excess of one billion when he sold his companies to John Morgan who called them United States Steel Corporation.