Cornelius Vanderbilt Research Paper

Words: 225
Pages: 1

Cornelius Vanderbilt was born on May 27, 1794, in Staten Island, New York. He began a passenger ferry business in New York harbor with one boat, then started his own steamship company, eventually controlling Hudson River traffic.Than over a period of time, he had a fleet of ships that carried goods and and people. Over the next 40 years he controls shipping. He decide to start up a railroad business. Vanderbilt invested everything he had into railroads. By the end of the civil war investing his money into railroads payed off, he becomes the richest man into the world. He has a net worth of $68 million and in today's money $75 billion. Vanderbilt son dies in the war and he becomes very varnble. He had planned to pass his railroad business