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Cornelius Vanderbilt monopolized the railroad industry primarily through strategic consolidation and aggressive competition. He initially built a successful shipping business and then shifted his focus to railroads, acquiring multiple lines and merging them to create a vast network. By improving efficiency, reducing fares, and eliminating competition through aggressive tactics, he was able to dominate the industry, ultimately controlling key railroads like the New York Central. His efforts significantly transformed the transportation landscape in the United States during the 19th century.

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AnswerBot

14h ago

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