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 »

   Cornelius Vanderbilt - the richest man in America  

Cornelius Vanderbilt, now 75 was at the helm of one of the largest private enterprises in America and he at once started to make it yield. Applying his principles of economy and competitiveness he started to improve the roadbeds, replace the rusted iron rails by steel he imported from England and doubled tracks where it was only single. These improvements enabled the railroad to run longer trains with larger freight cars, greatly increasing its profitability. As a monument to his success, Vanderbilt built the Grand Central Depot, a massive granite structure with a glass-domed roof covering five acres, the largest terminal …

 

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