WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Oil
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Banking
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Steel
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Transportation and Railroads
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Detailed explanation-1: -Contents. 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-2: -Central & Hudson River Railroad. Vanderbilt also used his money to help others.
Detailed explanation-3: -Vanderbilt recognized its value in transporting goods in and out of the city, and it was soon a very profitable line. Vanderbilt took control of the Hudson River Railroad in 1864, the New York Central Railroad in 1867, and the Lake Shore and Michigan Southern Railway in 1869 after his success with the Harlem.
Detailed explanation-4: -Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed “the Commodore", was an American business magnate who built his wealth in railroads and shipping.
Detailed explanation-5: -Cornelius Vanderbilt began a passenger ferry business in New York harbor with one boat, then started his own steamship company, eventually controlling Hudson River traffic. He also provided the first rail service between New York and Chicago.