USA HISTORY

Detailed explanation-1: -Cornelius Vanderbilt, byname Commodore Vanderbilt, (born May 27, 1794, Port Richmond, Staten Island, New York, U.S.-died January 4, 1877, New York, New York), American shipping and railroad magnate who acquired a personal fortune of more than $100 million.

Detailed explanation-2: -Shipping and railroad tycoon Cornelius Vanderbilt (1794-1877) was a self-made multi-millionaire who became one of the wealthiest Americans of the 19th century.

Detailed explanation-3: -But the new Nicaraguan government refused to allow Vanderbilt to restart the transit business, so he started a line by way of Panama, eventually developing a monopoly on the California steamship business.

Detailed explanation-4: -Railroad opportunities Vanderbilt built another empire and also helped make railroad transportation more efficient. He changed his railroad’s name to the New York Central & Hudson River when he merged the original New York Central Railroad with his own Hudson River Railroad.

Detailed explanation-5: -The Vanderbilt family is an American family who gained prominence during the Gilded Age. Their success began with the shipping and railroad empires of Cornelius Vanderbilt, and the family expanded into various other areas of industry and philanthropy.