How did Vanderbilt begin building his fortune?
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with shipping (ferries, steamships)
From a small ferry service grew an empire.
💡 Did you know? That is why he was called the „Commodore“.
9 questions · Economics
Cornelius Vanderbilt, born in 1794, was one of the first great American business titans. From a simple ferry service the self-made man known as the „Commodore“ first built a steamship empire and later dominated the emerging railways of the USA. He controlled major rail lines and the famous New York station Grand Central. At his death Vanderbilt was the richest man in America: founder of one of the most powerful dynasties of the „Gilded Age“. Good to know: From a small ferry service grew an empire. That is why he was called the „Commodore“. He bought and connected key rail lines. The railroad became the backbone of the US economy. The title comes from his time as a shipping magnate. It stuck with him for life. He had a forerunner of today’s station built. Grand Central is still a landmark of New York today. His fortune exceeded that of the US Treasury. He left behind an enormous sum. At 16 he bought his first small boat. He had barely any schooling. His descendants built lavish mansions and estates.
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with shipping (ferries, steamships)
From a small ferry service grew an empire.
💡 Did you know? That is why he was called the „Commodore“.
the railways
He bought and connected key rail lines.
💡 Did you know? The railroad became the backbone of the US economy.
the Commodore
The title comes from his time as a shipping magnate.
💡 Did you know? It stuck with him for life.
Grand Central
He had a forerunner of today’s station built.
💡 Did you know? Grand Central is still a landmark of New York today.
as the richest American
His fortune exceeded that of the US Treasury.
💡 Did you know? He left behind an enormous sum.
from humble circumstances
At 16 he bought his first small boat.
💡 Did you know? He had barely any schooling.
a powerful dynasty
His descendants built lavish mansions and estates.
💡 Did you know? Much of the fortune, however, was soon squandered.
Vanderbilt University
It is still one of the elite universities of the USA.
💡 Did you know? It was one of his few large donations.
Foto: unattributed · Public domain · Wikimedia Commons
Cornelius Vanderbilt
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