The man nicknamed Commodore abdicate school at 11 years old to live on a life at sea. He took over the agate line of his captain and ferried a steam ship between sweet Brunswick and New York. He ferried supplies back and forth to forts during the War of 1812 and did many a(prenominal) other ferry routes including New York to San Francisco using San Juan River and Lake Nicaragua. The Hudson River was controlled by Vanderbilt by cutting fares and offering luxury on his ships. His competitors who were hanging onto moving in by their fingertips paid him to front his business. He gladly original and moved his business to Long Island, Providence and Boston. This was rather untamed due to the fact that he could have had a monopoly in the Hudson River but moved his company trying to get purge more money.
Apparently, it didnt work because he sold his boats and invested so much stock he owned the New York and Harlem Railroad.
He later bought the Hudson Railroad and New York Central Railroad. He was the frontmost person to offer service from New York to Chicago when the Lake coast and Michigan Southern Railroad was purchased. This was another gutsy move by Vanderbilt because it is hard to maintain that amount of railroad and hush up make a salary. He did make a profit though.
Vanderbilt was a captain of industry because he used his fortune to fund Vanderbilt University that was the idea of his nephew. Vanderbilt gave to the future for a long conviction by funding the University. The best thing Vanderbilt ever did for the US economy was order the New York Grand Central last(a) during the panic of 1873 which gave many job opportunities to the...If you want to get a full essay, order it on our website: Orderessay
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