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Cornelius Vanderbilt

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Cornelius Vanderbilt
"I have been insane on the subject of moneymaking all my life."
“I don't care half so much about making money as I do about making my point, and coming out ahead”

What do I care about law? Ain't I got the power?

Hi, I’m Commodore Cornelius Vanderbilt, and I was a self-made entrepreneur, , a great railroad baron, and the wealthiest man in the United States throughout the 19th century. Earlier in my business career, I was probably the greatest shipping tycoon in the United States. My estate is worth 100 million dollars. I was one of the first Americans to learn to construct and operate steamships. When I was 16, I successfully built my own ferry and freight business. I also partnered with Thomas Gibbons to operate a dominant ferry service, in which I made a fortune. Midway through the Civil War, I loaned my largest and fastest ship to the Union Navy to chase down Confederate raiders. Once victory was won in the 1860s, I became aware that the big growth in the future for the transportation industry was not by way of water but by way of rail, and I switched my energies to the railroad business and soon controlled a network of lines that ran from NY to Chicago. I bought existing railroads including the Long Island Railroad, the New York and Harlem Railroad, and the Hudson River Railroad. I focused on improving service and on upgrading capital equipment while maintaining low fares. I gained maximum profits by gaining maximum control of the railroad market. As I once said, "I have been insane on the subject of moneymaking all my life." I marked the beginning of a new class of businessmen, and I strongly believe that our nation needs to continue to compete in the technology race with other nations, as everyone knows how much the steamboat and railroad have helped transform our

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