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Cornelius Vanderbilt

Published on Nov 18, 2015

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PRESENTATION OUTLINE

1.

CORNELIUS VANDERBILTT

2.

BIRTH

  • May 27th, 1794
  • Staten Island, New York
3.

ETHNICITY & BACKGROUND

  • White
  • His parents were farmers
  • Father also ferried merchandise and produce
  • Ferried between Staten Island and Manhatten
4.

EDUCATION

  • Vanderbilt went to school for a short time
  • Mostly worked on the water with his father
5.

BUSINESS

  • Worked as a ferry captain
  • Began his own business in 1820s
  • Ruthless business approach
6.

BUSINESS

  • Moved from water to railroads
  • Focused on service improvements
  • Merged all existing acquisitions into New York Central Railroad
  • Vanderbilt made $25 million in the first five years
7.

BUSINESS

  • Son influenced him to expand in Chicago direction
  • By this he created the largest American Railroad system
8.

PHILANTHROPY

  • Vanderbilt lost his wife
  • After he remarried, he got into philanthropy
  • Gave $1 million to Nashville's Central University
  • $50 thousand to Church of the Strangers
  • $1/2 million to his 9 surviving children
9.

OTHER

  • Vanderbilt consulted and got business advice from first wife
  • After his wife passed and he remarried, he had a new outlook
10.

SOURCES

Renee