Cornelius Vanderbilt Essay

The article, “Creating the System: Railroads and the Modern Corporation”, informs us all about the development of the transcontinental railroad and how it helped drive the nation west and also transformed western North America into a economy that had many opportunities. The railroads have always interested me when it comes to this period of time. What I learned from the reading that I didn’t know before was that the Western railroads were primary carriers of grain, other agricultural produce, livestock, coal, lumber and minerals. Also seeing the prices that the farmers shipped their products for, and what they paid for the freights rates was very interesting. Overall, if the railroads wouldn’t have been built in a time when there was so little

The Transcontinental Continental Railroad aided the settling of the west and closed the last of the remaining frontier, bringing newfound economic growth, such as mining farming and cattle ranching to our burgeoning country. On May 10, 1869, near Promontory Summit, Utah, a boisterous crowd gathered to witness the

James K. Polk was the eleventh President, from 1845 to 1849. James K. Polk had said in his inaugural address on March 4, 1845, “ The world has nothing to fear from military ambition in our government. “ He basically is saying that we as citizens and people in the world should not have any fear in military ambition from our government. Polk’s presidency reflected this statement by achieving his four main goals he set out to achieve during his presidency. The four main goals were to cut tariffs, reestablishing an independent U.S Treasury, securing the Oregon Territory, gaining the territories of California and New Mexico from Mexico. In ways that didn’t reflect the statement was that he caused war with Mexico for three years.

The railways became an important system that guided settlement and delivered economic opportunity for much of the United States. Railroads allowed access to places that people had no means of getting to and provided an opportunity to develop cities and towns

“Commodore” Cornelius Vanderbilt, also known as the founder of the New York Central Railroad System, was born on May 27th, 1794 in Port Richmond, Staten Island, New York. He was named after his father, who “...instilled in him a blunt, straightforward demeanor...” while his mother, Phoebe Hand instilled “...frugality and hard work....”. It is known that his family has roots in De Bilt, which is a town in the Netherlands.

Richard White’s 2011 book titled Railroaded: The Transcontinentals and the Making of Modern America is about the corrupt and mismanaged transcontinental railroads and bold arguments of the story how they came and went. In this book White describes how the construction of the transcontinental railroads across the US in the late nineteenth century would change America socially, economically, and politically. He also describes the companies that built these railroads and argues with three main points on why they were corrupt companies. First I’d like to go over the three different ways that the railroads would affect America, socially, economically, and politically.

Gould purchased stock in the Rutland and Washington Railways during the Panic of 1857 for ten cents on the dollar. During the era of the Civil War, he invested in even more railroad stocks. In 1863, Gould was appointed to be the manager of the Rensselaer and Saratoga Railways. One of the most popular and significant of Gould’s railroad ventures was known as the Erie War. The Erie Railroad was initially built with money received from the public through taxes and land from public and private developers. Another captain of industry, Cornelius Vanderbilt, was interested in this railroad. A ‘war’ began over who would control this railroad, and because

“Before the building of the Transcontinental Railroad, it cost nearly $1,000 dollars to travel across the country. After the railroad was completed, the price dropped to $150 dollars.”(History.com Staff). Prior to the railroad the average citizen of America could not afford to travel across the country cheaply. America waited for a means of transportation which would connect them from the Western to Eastern states. The responsibility of creating the railroads were left up to construction companies. Once this invention was created, traveling became quick, easy and affordable. The Transcontinental Railroad could be defined as the most significant change in America, during the 19th Century.

The Transcontinental Railroad was one of the most ambitious engineering projects, economic stimulants, and efficient methods of transportation in the early United States. If completed, the United States would be truly be united from east to west. The purpose of this paper is to examine how the Transcontinental Railroad helped develop new opportunities for many aspects of American life.

Railroads became extremely popular in America in the 1800’s. The railroad industry itself began to boom; it was supported by its reputation for speed and efficiency. But, along with the booming industry of railroads came the strong debate that

Soon other lines followed throughout the country. Railroads affected almost every aspect of American life. The rapid spread of the railroads provided the basis for a tremendous westward movement of population. It also carried raw material to, and finish product from factories to consumers in a more efficient way (The USA online, n.d.). The railways became highly profitable business for their owners.

Cornelius Vanderbilt was the most powerful railroad baron. He earned a fortune for himself in the steamship line. He also combined the New York and Harlem and New York and Hudson estate ferry boat operations. He established a connection between New York and Albany to make Lake Shore and Michigan Southern link Buffalo with Chicago. When he died he owned and operated nearly 4500 miles of track between New York City and most of the important cities in the Midwest. He left his fortune to his son, unlike the others he did not donate to many organizations. The only contribution he gave was to support the, now, Vanderbilt College.

     Before the invention of the cotton gin, Americans would remove cottonseed by hand. Slaves were hired to complete this procedure. This would take a very long time and something had to be done. Later on, a man named Eli Whitney invented a device called the cotton gin. The cotton gin is a machine for removing the seeds from cotton fiber. His invention could produce up to fifty pounds of cotton each

Railroads were the linchpin in the new industrialized economy. The railroad industry enabled raw materials, finished products, food, and people to travel cross-country in a matter of days, as opposed to the months or years that it took just prior to the Civil War. By the end of the war, the United States boasted some 35,000 miles of track, mostly in the industrialized North. By the turn of the century, that number had jumped to almost 200,000 miles, linking the North, South, and West. With these railroads making travel easier, millions of rural Americans flocked to the cities, and by 1900, nearly 40 percent of the population lived in urban areas.

Cornelius Vanderbilt was a steamship and railroad tycoon. He made millions in the steamship business before turning to the promising railroad industry. He began to take capital from the steamship business to buy railroads, starting with the New York and Harlem Railroad in 1862. Vanderbilt eventually amassed over $100 million from his railroad empire and his wealth and power was virtually untouchable. He was a ruthless businessman, once saying to a competitor “You have undertaken to cheat me. I won't sue you, for the law is too slow. I will ruin you.” His New York Central rail line operated from New York to Chicago along more than 4,500 miles of track at the time of his death.