The Ultimate Captain of Industry Tiara Isabelle Eamonn Yasmine Diana How He Acquired His Wealth 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 ID: 508868
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Slide1
Cornelius Vanderbilt
The Ultimate “Captain of Industry”
Tiara, Isabelle,
Eamonn
,
Yasmine
, DianaSlide2
How He Acquired His Wealth
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 CaliforniaSlide3
How He Treated His Workers
Gave Christmas bonuses regularlyOriginator of the idea of coffee breaks
Initiated a business in Grand Central terminal to employ those unemployed
and poorSlide4
How He Spent His Money
Common stock New York Central Railroad 2,000 sharesNorth Star- steam yacht, tour of Europe
Staten Island mansion
Construction of Grand Central Terminal provided employmentSlide5
How He Donated His Money
Donated $1,000,000 to Vanderbilt UniversityGranted the Church of the Strangers in New York $50,000
Donated $1,000,000 to the Union Navy
and his fastes
t and largest steamship
during
the Civil War
Donated millions of dollars to medical research after he passed awaySlide6
Why He Was Better then the Other “Robber Barons”
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. Slide7
Conclusion
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.