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Cornelius Vanderbilt's Impact On The Business Industry

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The way entrepreneurs have affected the innovation of the business industry is based on the aspect of the development. Cornelius Vanderbilt revolutionized the world as we know it, he did the unthinkable. He is the definition of the word entrepreneur.
Vanderbilt transformed the railroad industry, when he took full control. He is an example to many people in the business industry. Cornelius impacted the industry by liberating the increase of the mobility of speed across the continent. He was formally know as the Commodore or business magnate. His work started from something small and lead to a world changing experience.
The way Vanderbilts mentally affected his work was very unique. He didn't allow anyone to get in his way. If anyone ever tried …show more content…
He saw no reason to regret manufacturing and managing the transportation industry. Vanderbilt was one of the most first Americans to operate steamships, the greatest innovation in transportation since the invention of the sail boat (T.J. Stiles). Probably no other individual made an equal impact over such an extended period on America's economy and society (stiles). After he died all of the railroads and ships became more powerful, to the fact that they can travel at even a faster rate, because of him those changes were possible. He controlled many of the most important lines of transportation that lead to different parts of the …show more content…
The author of the Oxford Journals, stated that when people mention the name Cornelius Vanderbilt they all assume negative thoughts. They saw him more as a robber baron, but he saw himself as unmanned brate. He was much more a builder than a wrecker. Vanderbilt had other talents apart from being a businessman, he was honorable and hardworking. Apart from all these negative thoughts he was much know for doing good deeds. He donated his ships to the men fighting in the war. Then he also donated 500,000 dollars to a church and he wasn't that much a religion man. On top of those things he donated 1 million to central university.Without his hard work and honor ability the world wouldn't have changed for the better. The world would have less railroads and the shipping industry would be different. The college would have gotten that money and a scholarship under his name. People can't say he was a bad person, he did bad things to get what he wanted but and an end result they were good outcomes. He did all these great things to keep a good public imagine.
The way he affected the development of the business industry, was he monopolized transcontinental railway by easing the prices. He betrayed business partners to eliminate competition. Also he messed with stock prices to his benefit, causing hardships. The he cut off Manhattan from the rest of America to settle a business dispute. In conclusion to all this he was a ruthless and cunning

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