Vanderbilt in the Gilded Age
Cape Echols Mr. Roddy IHSS 24 May 2022 Vanderbilt in the Gilded Age From the Gilded Age, arose some of America's most notorious business tycoons. Vanderbilt, a name still well-known due to its massive success in the railroad industry, gained its position from Cornelious Vanderbilt. Cornelious started his career by working for his father’s ferry business. By sixteen he was ready to start a business of his own. He borrowed $100 (about $3,000 today) from his parents to buy his own ship, a sailing vessel, named the Periauger. He ferried people from New York to Staten Island. he was able to compete with the competition by offering cheap fares. He invested the money he earned back into his business by buying more ships. As his business continue to grow she earned a reputation for being reliable and hard-working earning him the nickname “the Commodore”. His good reputation helped him secure a contract with the US government in 1812 during the war, supplying forts and ferrying sold...