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How was Cornelius Vanderbilt a captain's industry
Effective leadership qualities
How was Cornelius Vanderbilt a captain's industry
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America has been changed due to the accomplishments of many entrepreneurs, such as Cornelius Vanderbilt. Cornelius Vanderbilt started as the owner of one steamboat, and slowly built his one boat into a fleet of many boats. As the International Railroad was nearing completion Vanderbilt did the unthinkable he sold his entire company of boats and bought a rail line. Vanderbilt then began to slowly buy out other lines, until he eventually owned most of the lines in the east. Vanderbilt's net worth was eventually an astonishing 215 billion dollars in today's money.
" Respectable banking houses in New York, so called, make themselves agents for sale of the bonds of the railroads in question and give a kind of moral guarantee to their genuineness. " Vanderbilt did not play a direct role in the unfolding of the Panic of 1873—though the president and the people alike looked to him for guidance as the leading businessman of the age. But better and quicker than most, he grasped how the economy worked, for it was, in some sense, his own invention.
When Cornelius Vanderbilt died he left his $100 million fortune to his son William Vanderbilt and they both had the same attitude. During the Gilded Age these big business and their owners were thought of as being Robber Barons or Captains of Industry. The poor working conditions that were provided, the corruption they led in government, and their use of child labor shows that they were Robber Barons. Children were used in labor to work a lot and most days of the week. Kids as young as 5 often worked as much as 12 to 14 hours a day for barely any pay.
After the Civil War, the Second Industrial Revolution was established due to America’s rapid growth for industry and economics. Capitalists during the industrial period of 1875-1900’s were either accused of being a robber baron or a captain of industry. Some capitalists leaders who were accused of being a robber baron or captain of industry included J.P. Morgan, Andrew Carnegie, Andrew W. Mellon, and John D. Rockefeller. A robber baron is a business leader who gets rich through cruel and scandalous business practices. The captains of industry is a business leader who wants to better the companies in a way that it would be positively contributing to the country.
Cornelius was someone who was very good at what he did but he didn’t give any pity for anything he did. If you were to work for Vanderbilt you wouldn’t get much money for the hours you were to do. Vanderbilt was one of the first robber barons. His reputation is what got him so rich, and
(Encyclopedia Britannica). Vanderbilt’s business is an example where he began with a small company and grew into a wealthy industrialist. He was able to earn small amounts of money that when collected all together, allowed Vanderbilt to buy out his competitors, making him the man of transportation of ferries and railroads. People rarely automatically gain
The context of Andrew Carneige becoming a Robber Baron is the Industrial Revolution, because the industrialization is the explosion of factories and the mass production of consumer goods such as steel. The industrial revolution act set the economic foundation that allowed Andrew Carnegie to create the monopoly that is carnegie steel. Some will argue that Andrew Carnegie is a Captain of industry because in Document 9 he wanted to make sure the people had a good lifestyle, but the evidence supports he is a Robber Baron because he used his wealth for more money and he also didn’t show any humanization towards the people. In document 3 we talk about something called the Shrewd Businessman, in this document it says that Andrew Carnegie made
Money. Everyone wants it but doesn’t want to work for it. It’s a common necessity in everyday life and it always will be. These two gentlemen took their passion for money and obtaining fine things and turned it into a profession. Cornelius Vanderbilt and Ted Waitt both had similarities and differences, both strong and weak.
He used his boat to ferry passengers and goods between Staten Island and Manhattan… Selling his ferry business, Vanderbilt went to work for Thomas Gibbons in 1817, running a steam ship line between New York and New Jersey. Over 12 years, Vanderbilt became an expert in the operation and design of steam ships. He 1829, he resigned to launch his own business… He sold his interest in steamers and turned to Wall Street, the financial heart of the nation in New York. In a short period of time, he quietly bought up a number of railroads to form the New York Central and Hudson River line, one of the largest businesses America had ever seen.
The government system I chose is Confederacy. Confederation is a group of people or nations who become an alliance, this allows each other to govern themselves, but agree to work amongst each other for a common purpose. some pros of a confederacy are stronger states and a better sense of sovereignty. Having stronger states mean that together they are stronger than the union, and are referred to as equals. Sovereignty is the authority of a state, to govern itself, this better addresses the needs of the people.
Whenever you feel like criticizing anyone, just remember that all the people in this world haven't had the advantages that you've had. Money can buy everything, except for the circumstances of birth. The central struggle in the Great Gatsby is caused by this fact. James Gatz, despite everything he has earned for himself, cannot earn a higher social class. His desire to rise in status, to gain class and recognition, leads to his love for Daisy.
Well, according to most sources, he is most likely a Robber Baron, considering how his business thrived with the withering of others. Of course, apart from being a Robber Baron, he was a terrible father, twice committing his son, Cornelius Jeremiah, to an Asylum, and once even his daughter. There are many examples of Vanderbilt being a Robber Baron, but among the best examples is when his partner, Thomas Gibbons, died. He wanted to buy the company from the son of Gibbons. Interestingly, the son did not want to sell the company.
At age 16, he bought a ferry boat with a loan and it quickly turned into a fleet of ships transporting goods and people across the country. He eventually built the largest shipping empire in the world and was nicknamed “the commodore”. Right before the civil war, he sold all of his ships and invested everything in the railroad because he believed the railways were the future. At the end of the civil war in 1865, Vanderbilt was the richest man in America with a net worth of $68 million. However, life was not perfect for Vanderbilt as his son who he wanted to take control of the country was killed in
Carnegie was considered a Robber Baron for many reasons. For example, he gained huge profits because of his workers low wages. In the excerpt, “Who was Andrew Carnegie,” the author said, “his steel workers were often pushed to long hours and low wages.” Workers worked in harsh conditions and received no benefits causing them to live in poverty with scarce food, clothing, and shelter. Workers were tired of the low wages and decided to go on strike.
Robber Barons and Captains of Industry Some might believe that the businessmen of the Gilded age are robber barons because of how some of them treated their workers and spent their money. The businessmen of the Gilded Age were captains of industry because of the impact that they made on the country. Carnegie, Rockefeller, Morgan, and Vanderbilt all have done things that can identify them as captains of industry. These businessmen gave their time and effort to help the economy grow.
