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cornelius vanderbilt


He died on January 4, 1877 in New York City. When Vanderbilt died in 1877, his fortune was estimated to be in excess of $100 million. Choose an adventure below and discover your next favorite movie or TV show. His parents owned a small farm, and his father also worked as a boatman. Reporters had been gathered outside his townhouse in New York City, and news of the death of "The Commodore" filled newspapers for days afterward. Cornelius Vanderbilt Whitney, American businessman who turned inherited wealth and a variety of interests into significant achievements in business and public service. He was a legendary figure in the 19th century, and his success in business was often credited to his ability to work harder — and more ruthlessly — than any of his competitors. His sprawling businesses were essentially prototypes of modern corporations, and his wealth surpassed even that of

He was one of the richest Americans in history. He provided the initial gift to found Vanderbilt University, which is named in his honor. Vanderbilt's control of the American transportation business was so extensive that anyone wishing to travel or ship goods had no choice but to contribute to his growing fortune. By the time Vanderbilt was 40 years old he was well on his way to becoming a millionaire. In the 1850s Vanderbilt began to sense that more money was to be made in railroads than on the water, so he began scaling back his nautical interests while buying up railroad stocks. After a prolonged series of illnesses, Vanderbilt died on January 4, 1877, at the age of 82. Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), also known by the sobriquet Commodore, was an American entrepreneur. Within a few years Vanderbilt recognized the value of steamboats and in 1818 he began working for another businessman, Thomas Gibbons, who operated a steamboat ferry between New York City and New Brunswick, New Jersey. He was also the patriarch of the Vanderbilt family. Vanderbilt’s steamboats plied the Hudson River, where he reduced fares to the point that competitors dropped out of the market. Many afternoons he would drive a carriage through Manhattan, enjoying moving along at the fastest possible speed.

He has made his wealth in railroads as well as shipping. He was buried in a cemetery not far from where he grew up on Staten Island. He had bought up several railroads in the New York area, putting them together to form the New York Central and Hudson River Railroad, one of the first great corporations. His business boomed. Early Career. Respecting his wishes, his funeral was a fairly modest affair. He is best recognized for being one of the richest Americans within history as well as identified as the wealthiest figures overall, and he was the head of a rich, influential family. order now. Cornelius Vanderbilt, aka “Commodore Vanderbilt,” was an American based business tycoon and philanthropist. They had 12 children: William … He provided the funds to begin Cornelius Vanderbilt was the 19th century prototype of the self-made man. By the late 1860s Vanderbilt was a force in the railroad business. His parents owned a small farm, and his father also worked as a boatman.

Cornelius Vanderbilt was born May 27, 1794, on Staten Island, in New York. Cornelius began the job but realized he would need help, so he made a deal with other local youths, getting them to assist with the promise that he would give them rides on his new boat.
He did, however, have a grudging respect for some rivals in business, such as another steamboat operator, Daniel Drew. What he really enjoyed was working on the water, and when he was 16 he wanted to buy his own boat so he could go into business for himself. He even combined the ferry line with a hotel for the passengers in New Jersey. When he was nearly 70 years old his wife died, and he later remarried a younger woman who encouraged him to make some philanthropic contributions. It has been estimated that Vanderbilt's wealth, relative to the value of the entire American economy at the time, constituted the largest fortune ever held by any American. Vanderbilt successfully finished the job of clearing the acreage, borrowed the money, and bought the boat. He was married to Francis Crawford and Sophia Johnson. See high school TV and movie icons then and now, from "Looking for something to watch?

Cornelius Vanderbilt was born on May 27, 1794 in Staten Island, New York City, New York, USA. He was descended from Dutch settlers of the island (the family name had originally been Van der Bilt). Cornelius Vanderbilt was born May 27, 1794, on Staten Island, in New York. He was descended from Dutch settlers of the island (the family name had originally been Van der Bilt). Though he never served in the military, his early career operating boats in the waters surrounding He was married to Francis Crawford and Sophia Johnson. After dropping out of school to begin work on a ferry at age 11, Vanderbilt became one of America’s most well-known industrialists and eventually created the country’s first railroad empire.
He built his wealth in shipping and railroads and was the patriarch of the Vanderbilt family. He … Vanderbilt fought the law, and eventually the U.S. Supreme Court, led by ThoughtCo uses cookies to provide you with a great user experience. Thanks to his fanatical devotion to his work, Vanderbilt made the ferry service very profitable. We Will Write a Custom Essay Specifically For You For Only $13.90/page! Branching out, Vanderbilt began steamship service between New York and cities in New England and towns on Long Island. He became adept at using such monopolistic tactics against competitors, and businesses who went up against Vanderbilt were often made to suffer. Cornelius Vanderbilt (May 27, 1794 – January 4, 1877) was an American businessman and philanthropist. Cornelius married Sophia Vanderbilt on December 19 1813, at age 19 in New York, New York. Vanderbilt’s father owned a boat used to move cargo across the harbor, and as a boy young Cornelius worked alongside his father. He built his wealth in railroads and shipping. Vanderbilt’s wife managed the hotel. He was Amazon.com's first-ever history editor and has bylines in New York, the Chicago Tribune, and other national outlets.

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