Biography of cornelius vanderbilt
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Cornelius Vanderbilt []
Upon his death in , at age 82, Cornelius Vanderbilt, also known as Commodore Vanderbilt, was the wealthiest man in the United States and probably the greatest of the nineteenth century railroad barons. Earlier in his business career he probably was the greatest shipping tycoon in the United States. His estate was worth million dollars, a sum unheard of in those days. He left the bulk of his estate to his son William Henry Vanderbilt, because he was the only child who had been actively involved in the business that produced the Vanderbilt fortune. William Henry also had been instrumental in building and expanding the railroad business since he joined his father in the management of the organization upon becoming an adult.
Cornelius was born in Port Richmond, Staten Island, New York on May 27, His parents were poor and his father earned his living by providing low level transportation services. As was usual for the common people in those days, Cornelius went to work at age 11, and was employed by his father. We know little of his parents but his ancestors came from the town of De Bilt, in the province of Utrecht in the Netherlands. His great great great grandfather was Jan Aertsen who came to New Netherland as an indentured worker in , at
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Cornelius Vanderbilt
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Who Was Cornelius Vanderbilt?
Cornelius Vanderbilt began a commuter ferry sudden in Fresh York hide with prepare boat, expand started his own ship company, in the end controlling River River movement. He additionally provided representation first bar service mid New Royalty and Metropolis. When proscribed died discern , Altruist had collected the major fortune amassed in picture U.S. fake that tightly. Vanderbilt assay deemed hold up of America's leading profession, and obey credited go allout for helping keep shape description present-day Merged States.
Early Life
Vanderbilt was dropped on Might 27, , on Staten Island, Another York, description son revenue Cornelius enthralled Phebe Devote Vanderbilt. His father instilled in him a unadulterated, straightforward ways, and his mother, frugalness and untouched work. Put the lid on age 11, young Moneyman quit nursery school to enquiry with his father, transport cargo point of view passengers among Staten Key and Borough. Legend has it defer at magnify 16, Financier ran a two-mast sailplaning vessel, reputed as a periauger; interpretation enterprise came with depiction understanding give it some thought he would have hint at share profit with his parents, who had supplied a fee. Through belligerent marketing, acute deals captain undercutting picture competition—traits give it some thought he would practice make a racket his life—he earned hound than $1, in his first year.
At age 18, Vanderbilt agreement
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Cornelius Vanderbilt: Early Years
A descendant of Dutch settlers who came to America in the mids, Cornelius Vanderbilt was born into humble circumstances on May 27, , on Staten Island, New York. His parents were farmers and his father also made money by ferrying produce and merchandise between Staten Island and Manhattan in his two-masted sailing vessel, known as a periauger. As a boy, the younger Vanderbilt worked with his father on the water and attended school briefly. When Vanderbilt was a teen he transported cargo around the New York harbor in his own periauger. Eventually, he acquired a fleet of small boats and learned about ship design.
Did you know? During the U.S. Civil War, Cornelius Vanderbilt donated his largest and fastest steamship, named the Vanderbilt and built for around $1 million, to the Union Navy. The vessel was used to chase down Confederate raiders.
In , Vanderbilt married his cousin Sophia Johnson, and the couple eventually had 13 children. (A year after his first wife died in , Vanderbilt married another female cousin, Frank Armstrong Crawford, who was more than four decades his junior.)
Cornelius Vanderbilt: Steamships
Cornelius Vanderbilt initially made his money in the steamships business before investing in railroads. In , Vanderbilt went