Commodore Cornelius Vanderbilt

A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors

Part 1 : Colonial and Mercantile America	Part 2 : America in the Gilded Age
Part 3 : America in the Twentieth Century	Encyclopedia of American Wealth
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Part II-Chapter 8 : Railroad Barons > Commodore Vanderbilt : « Previous 1 - 2 - 3 - 4 Next »

Commodore Cornelius Vanderbilt - shipping magnate

… Although Cornelius Vanderbilt seemed never directly involved in securing government subsidies for his steamship enterprises, he managed to benefit greatly from such money, through the tributes he extorted from those who did. These included Edward Knight Collins who was subsidized for running a line of steam packets from New York to Liverpool, in a move to challenge the Cunard line, which was subsidized by England and run by a Scotsman, Samuel Cunard. But the largest and most profitable scheme by which Cornelius Vanderbilt asserted his shipping empire was …

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