Special Events :: U.S. Business Hall of Fame

 

Laureate Archive | Alpha Order: V
Cornelius Vanderbilt
Railroads
Cornelius  Vanderbilt
(1794 - 1877)
Inducted: 1979
Region: MidAtlantic
Industry: Transportation
Cornelius Vanderbilt bought a boat with $100 and started a rain-or-shine ferry service to Manhattan. He kept his fares low and provided reliable service. In 1829 Vanderbilt went into shipping . He designed his own vessels, none of which was ever lost at sea while he owned it. At 68 Vanderbilt learned a new business, railroading. He bought control of the little Harlem line and went on to acquire control of the New York Central.