In the 19th century, individuals became incredibly wealthy due to the rapid expansion of railroads throughout the United States. These railroad tycoons amassed fortunes by investing in and controlling the transportation industry. The development of railroads allowed for faster and more efficient transportation of goods and people, ultimately leading to the growth of cities and industries across the country. There is no denying the significant impact these individuals had on American history and the economy.
Cornelius Vanderbilt, also known as the "Commodore," was a prominent figure in American business during the 19th century. He initially owned a steamship company before focusing on the railroad industry. At the height of his success, he controlled 40% of all the nation's railroads.
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His was the largest in the nation, with a total of about 15,800 miles (25,500 km) of track, accounting for 15 percent of the United States’ total rail mileage. Jason Gould then began to build a new railway system, centered on the Missouri Pacific Railroad. By 1890, this new system constituted one-half of all trackage in the Southwest. When he passed away, his fortune was valued at $77 million, a testament to his incredible success in the railroad industry.
The 19th century saw the rise of railroads in the United States. This, in turn, led to the growth of cities and industries. Cornelius Vanderbilt was one of the railroad tycoons who invested in and controlled the transportation industry, becoming one of the wealthiest people in the country. Another notable tycoon was James J. Hill, who spent his life creating his railroad “empire” in the northwest. Finally, Jason Gould owned the Union Pacific and Missouri Pacific Railroad, moving transportation west. Ultimately, the railroads were one of the most successful innovations in America, giving the men who controlled them immense