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History of Their Business Progress

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History of Their Business Progress
Cornelius and William Henry

Work for Cornelius Vanderbilt

Trains
train.jpg
This is one of the types of trains that were used durring Cornelius' time.

Cornelius had no formal education before he was to deliver supplies to troops during the War of !812. At the age of twenty-four Cornelius Vanderbilt studied under Thomas Gibbons. Cornelius had a son in 1821, this was William Henry Vanderbilt. In 1824, Cornelius started his own fleet. He was very bright when it came to business. Even before he broke away from Gibbons, Cornelius had been saving money.

            During the Gold Rush to California, Cornelius provided an affordable way to travel. It consisted of ships from New Orleans to Central America. From there were overland travels across the isthmus. Then, finally, another ship for the voyage up the Pacific to San Francisco. He was paid richly to stop this, as it was drowning the other companies.

            Near his death, Cornelius had founded a University. This was inspired by one of his cousins. Giving into the request, Cornelius donated a large sum of money to the University. He died on January 4, 1885.

William Henry Vanderbilt

The Business
railroadbusinessgaintwilliamhenr.jpg
This is a representation of how others viewed William Henry.

William was born on May 8, 1821. His father, Cornelius, was still under the tutelage when he was born. Soon after his birth though, Cornelius left Thomas Gibbons to start his own company. William Henry was raised with the knowledge of running the business, but being born into the family did nothing to secure his future job. He had to earn the position after all.

            After turning a bankrupt stalk around, William had earned the top position when Cornelius died. William continued to expand the train business, betting his competitors without really trying. He ran the New York train company well and even made it worth more than it already was. He had such wealth that all of his many houses were furnished to perfection.

            Soon, the public wanted to own his enterprise. His whole life was dedicated to his train business; so of course, he did not give it up. He believed that if the people running the train station it would fall. Many would ague over the decisions, even the minor ones, and it would collapse. He couldn’t have that, after all, it was his legacy. Many thought him greedy, yet some saw him for what he was; a political genius.

This is a site that was made for a school project. Even so, I hope you found the information you needed!