The Ultimate “Captain of Industry” Tiara, Isabelle, Eamonn, Yasmine, Diana.

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Presentation transcript:

The Ultimate “Captain of Industry” Tiara, Isabelle, Eamonn, Yasmine, Diana

 Initiated his empire through railroad transportation  Begun a steamship service that transported prospectors from New York to San Francisco in relation to the Gold Rush in California

 Gave Christmas bonuses regularly  Originator of the idea of coffee breaks  Initiated a business in Grand Central terminal to employ those unemployed and poor

 Common stock New York Central Railroad 2,000 shares  North Star- steam yacht, tour of Europe  Staten Island mansion  Construction of Grand Central Terminal provided employment

 Donated $1,000,000 to Vanderbilt University  Granted the Church of the Strangers in New York $50,000  Donated $1,000,000 to the Union Navy and his fastest and largest steamship during the Civil War  Donated millions of dollars to medical research after he passed away

 While Cornelius Vanderbilt had his flaws as a Capital of Industry, gathered evidence has proven that his lifestyle was more conservative than most Robber Barons and offered different organizations to give back to his Nation. Instead of indulging his money into purchasing luxurious houses, Vanderbilt began construction of Grand Central Terminal in NYC to help thousands of people unemployed find a job during 1873 while other entrepreneurs exploited workers in factories. Vanderbilt also never manipulated the government for his own desires as others had, and advocated equality which he displayed when he donated a ship to the Union during the Civil War to end slavery. And unlike other Robber Barons, Vanderbilt had never violated the law and respected the limitations placed upon monopolies.

A Captain of Industry is defined as, a business leader whose means of amassing a personal fortune contributes positively to the country in some way. Vanderbilt is a Captain of Industry for building an empire of the railroad industry and steamship service across the Americas as well as contributing to his Nation during the Civil War and the welfare of the American people.