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Cornelius Vanderbilt sought control of the Erie rail line primarily to enhance his transportation network and expand his influence in the railroad industry. By acquiring the Erie line, he aimed to create a more efficient route for goods and passengers between the Midwest and the East Coast, thereby increasing profitability. Additionally, controlling the Erie would allow him to undermine his competitors and solidify his dominance in the rail industry.

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What do jay Gould and Jim Fisk do to thwart Vanderbilt's plan to buy the Erie rail line?

Jay Gould and Jim Fisk employed a series of financial maneuvers and manipulations to thwart Cornelius Vanderbilt's attempt to acquire the Erie Railway. They engaged in stock market tactics, including issuing unauthorized stock to dilute Vanderbilt's ownership and creating a false sense of value around the Erie line. Their actions included bribing legislators and leveraging public sentiment to rally support against Vanderbilt's takeover, ultimately leading to a fierce battle over control of the railway. This conflict exemplified the intense competition and cutthroat strategies of the Gilded Age in American business.


What did cornelius vanderbilt practice?

Cornelius Vanderbilt was primarily involved in the shipping and railroad industries. He initially made his fortune in the steamboat business before transitioning to railroads, where he played a significant role in consolidating and expanding rail networks in the United States. His business practices emphasized efficiency and competition, leading to the creation of the New York Central Railroad, which became one of the largest and most influential railroads of the time. Vanderbilt's aggressive strategies and investments significantly shaped the transportation landscape of the 19th century.


What is one thing Cornelius vandebilt did?

Cornelius Vanderbilt was a prominent American industrialist who made significant contributions to the transportation sector in the 19th century. He initially built his wealth in the shipping industry before transitioning to railroads, where he played a crucial role in consolidating and expanding rail networks, particularly the New York Central Railroad. His efforts helped to revolutionize transportation in the United States, facilitating commerce and travel. Vanderbilt is often regarded as a pioneer in the development of modern transportation infrastructure.


When did Cowan rail accident happen?

Cowan rail accident happened on 1990-05-06.


When did Hawes Junction rail crash happen?

Norwood Junction rail accident happened on 1891-05-01.

Related Questions

What do jay Gould and Jim Fisk do to thwart Vanderbilt's plan to buy the Erie rail line?

Jay Gould and Jim Fisk employed a series of financial maneuvers and manipulations to thwart Cornelius Vanderbilt's attempt to acquire the Erie Railway. They engaged in stock market tactics, including issuing unauthorized stock to dilute Vanderbilt's ownership and creating a false sense of value around the Erie line. Their actions included bribing legislators and leveraging public sentiment to rally support against Vanderbilt's takeover, ultimately leading to a fierce battle over control of the railway. This conflict exemplified the intense competition and cutthroat strategies of the Gilded Age in American business.


Where is the Erie Rail Museum in Erie Pennsylvania located?

The address of the Erie Rail Museum is: 1406 Peach St, Erie, PA 16501-1879


What is the phone number of the Erie Rail Museum in Erie Pennsylvania?

The phone number of the Erie Rail Museum is: 814-464-1713.


When did Erie Canal Harbor Metro Rail station open?

The Erie Canal Harbor Metro Rail station opened on October 9, 1984.


Of the nineteenth century industrialists which is most closely associated with rail roading?

Cornelius Vanderbilt


Which business did cornelius vanderbitt control by the late 1800s?

Cornelius Vanderbilt was a controlling force in the US railroading business. He amassed a great fortune from this industry within about twenty years after the US Civil War. He had rivals, however, men such as Jay Gould and James Fisk would compete with Vanderbilt for control of the prosperous business of rail transportation.


When was East Rail Line created?

East Rail Line was created in 1910.


When was West Rail Line created?

West Rail Line was created in 2003.


When was Lucas Oil Rail Line created?

Lucas Oil Rail Line was created in 2006.


When was Toyama Light Rail Toyamakō Line created?

Toyama Light Rail Toyamakō Line was created in 1924.


What did Cornelius Vanderbilt invent?

a cheapreliable vvay to reach GoLd FoR PeOpLeIMPROVED ANSWER:Cornelius Vanderbilt, was the most successful and powerful American businessman of his time. He made his fortune in steamship lines and railroads but also had investments in manufacturing and banking. Vanderbilt was often called the "Commodore" because of his steamship interests.He formed a steamship company in 1829, and soon dominated shipping along the Atlantic coast and on the Hudson River. After the California gold rush began in 1849, Vanderbilt established a steamship line that carried prospectors from New York City to San Francisco. By the mid-1850's, his ships made regular trips to and from Europe, and he had become the leading American steamship owner.In 1865, Vanderbilt gained control of the Hudson River Railroad. In 1869, he merged this line with the New York Central Railroad to form a network that would run from New York City to Buffalo, New York. By 1873, he owned rail lines that extended as far west as Chicago.


Cornelius Vanderbilt invented what?

a cheapreliable vvay to reach GoLd FoR PeOpLeIMPROVED ANSWER:Cornelius Vanderbilt, was the most successful and powerful American businessman of his time. He made his fortune in steamship lines and railroads but also had investments in manufacturing and banking. Vanderbilt was often called the "Commodore" because of his steamship interests.He formed a steamship company in 1829, and soon dominated shipping along the Atlantic coast and on the Hudson River. After the California gold rush began in 1849, Vanderbilt established a steamship line that carried prospectors from New York City to San Francisco. By the mid-1850's, his ships made regular trips to and from Europe, and he had become the leading American steamship owner.In 1865, Vanderbilt gained control of the Hudson River Railroad. In 1869, he merged this line with the New York Central Railroad to form a network that would run from New York City to Buffalo, New York. By 1873, he owned rail lines that extended as far west as Chicago.