Cornelius Vanderbilt

     

    Ellie

    Roddy

    IHSS

    4/19/22


Cornelius Vanderbilt - The Feared Industrialist 


Cornelius Vanderbilt is one of the most known steamship operators of the Gilded Age. During his years of working as a steamship operator, he was well known for his strong competitive spirit and ruthlessness, which earned him the nickname "Commodore". In the 1860s Vanderbilt shift his area of interest from steamship operations to railroad operations. When he shifted his focus to the railroad industry he built another empire that helped the railroad industry, by making the transportation progress much quicker.  In the late 1820s after working for Thomas Gibbons, Vanderbilt decided to start his own business in the steamship industry. During his time working in the steamship industry, he built steamships and operated the ferry lines around New York. He ended up being a dominant force and it was said that he would engage in fierce fare wars with anyone who rivaled him. When he shifted to railroads he was very involved in the Erie Railroad War of 1868 with James Fisk and Jay Gould. The three of them competed for complete financial control over this railroad who was currently controlled by Daniel Drew and he collaborated with Vanderbilt. In the end, Fisk and Gould would issue "watered down shares" with Vanderbilt as he continued to buy them. 

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