The Demise Of Cornelius Vanderbilt

1596 Words7 Pages
Cornelius Vanderbilt was certainly a very important contributor to his field. Some people would even argue that he, to a certain extent, invented his field. This is undoubtedly the case as the majority of today’s businessmen follow his example and act in ways that he invented by carrying out his actions. In addition, Vanderbilt invested his fortune in railroads. Without railroads, today’s society would not only be vastly different, but it could also possibly be nonexistent. This is due to Vanderbilt’s railroads creating a societal dependency on his railroads. Vanderbilt had always been skilled at seeing promise in fields that had promise. When he was young, Vanderbilt bought a sailboat and worked for a sailboat shipping company, from which he made thousands of dollars per year. When he got older, Vanderbilt saw promise in a field that others saw no promise in: Railroads. Vanderbilt saw that railroads and steam trains had promise and were the way of the future; therefore, he decided to relocate his family and began investing in his new industry. Amazingly, he was so confident in the field that he denied a humongous raise in pay from his boss, who had offered Vanderbilt a raise before he left for his new home. A lesson that industrialists who followed him learned from this is to search for an industry with a lot of potential and then to invest in it. Vanderbilt found himself in a very unique situation as being in his profession was, at that time, still very new and mostly
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