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The Vanderbilts made their fortune primarily through the shipping and railroad industries. Cornelius Vanderbilt began by building a successful ferry service and then expanded into railroads, consolidating various lines to create a vast transportation network. His strategic investments and aggressive business tactics allowed him to dominate the industry, leading to immense wealth. The family's wealth continued to grow through the investments of subsequent generations in various enterprises, including real estate and philanthropy.

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How did the Vanderbilts lose their money?

The Vanderbilts lost their money due to poor financial decisions, overspending, and the decline of their railroad and shipping businesses.


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He had over $100 million at his peak in the railroad business.


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Vanderbilts and other families became wealthy and powerful in America for different reasons. Most families made their money in growing businesses like oil, newspaper and railroads. Once the families had money, they were able to turn that into power.


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railroads and steamships


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Biography - 1987 The Vanderbilts An American Dynasty was released on: USA: 2 January 1995


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The Vanderbilts lost their fortune due to a combination of factors, including overspending, poor investments, changing economic conditions, and inheritance disputes.


Who was George Vanderbilts grandfather?

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Vanderbilt is in Nashville, TN.


How did the Vanderbilts lose their fortune?

The Vanderbilts lost their fortune due to poor financial decisions, overspending, and the decline of their railroad and shipping businesses. Additionally, changing economic conditions and the rise of new industries also contributed to their financial downfall.


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