GK
INVENTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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flight
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oil
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railroads
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automobiles
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Detailed explanation-1: -Cornelius Vanderbilt initially made his money in the steamships business before investing in railroads. In 1817, Vanderbilt went to work as a ferry captain for a wealthy businessman, Thomas Gibbons, who owned a commercial steamboat service that operated between New Jersey and New York.
Detailed explanation-2: -Vanderbilt made his millions by controlling two burgeoning industries: the steamboat industry and the railroad industry. When he died, Vanderbilt’s estate was estimated to be worth $100, 000, 000.
Detailed explanation-3: -Cornelius Vanderbilt (1794-1877), also known as “the Commordore” made his wealth in the railroads and shipping industries. He found his start in the ferry industry as a young boy with almost immediate success and a place as one of America’s great industrialists.