Question

What impact did Cornelius Vanderbilt have on transportation networks in the United States

Answer 1

Vanderbilt was a ruthless and cunning businessman who could not be stopped.  He monopolized transport in America to make his massive fortune.  Manipulated markets to benefit himself.  Stabbed business partners in the back to gain more profit.  Donated many things to keep a good public image.  One of the key players in establishing a more industrial run America.

Also, Cornelius Vanderbilt’s transport empire made him one of the richest men in history.  He started his empire by running a ferry across the new york harbor and building his empire in regional transport.  In 1847 he expanded into the rail business by taking over presidency of the stonington rail line.  He expanded into the realm of oceangoing steamships.  After the civil war Vanderbilt sold all his steamships and bought up more rail companies and started one of the first corporations.