How did Leland Stanford make his money?

1 answer:

4 0

Leland Stanford was an industrialist, business tycoon, politician, and the founder of Stanford University. During the California Gold Rush Stanford moved to California and started a whole sale business which grew as the economy boomed. Stanford helped to found a major railroad company the Central Pacific Railroad and went on to make large amounts of money, enough so for many to consider him a "Robber Baron" a name given to wealth and powerful 19th century American businessmen.

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