Cornelius Vanderbilt Flashcards
Vanderbilt had the largest what in America?
Group of fleet ships
What was vanderbilt’s nickname?
Commodore
Why did he see his fleet of steamships?
He knew the Civil War was about to begin and he wouldn’t have gotten paid for the army to use the ships. He saved all of his money and became the first million are after the war.
What did Vanderbilt do with his money?
He bought 3 train stations. Over 3 years, he took over every railroad in New York and expanded.
What did he make sure was on every train?
Westinghouse Air Brake System
How did he make more money?
He ensured safe freight travel
What did he realize about train tracks?
He realized that there were already foundations so he could create four lines of track, quadrupling the profit
What did his speed of transportation lead to?
Time zones
What did he create the blueprint for?
Robber barons
He was one of the original what?
Robber barons
