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The railroad industry ~ apex

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What industry did the Vanderbuilt family control?

Vanderbilt mainly controlled railroads, southern railroads in particular. His fortune started during the Industrial Revolution and it has been controlled by his family ever since.


What risks does Vanderbilt take at the height of his shipping career just before the Civil War?

At the height of his shipping career just before the Civil War, Cornelius Vanderbilt took significant risks by heavily investing in the shipping industry, particularly in steamships. He faced the potential for financial loss due to fluctuating market demands, competition, and the increasing costs of operations. Additionally, the looming threat of war created uncertainty in trade routes and shipping security, which could jeopardize his investments. Despite these risks, Vanderbilt's aggressive expansion and strategic decisions ultimately positioned him as a dominant figure in American transportation.


What risk does Vanderbilt take at the height of his shipping career just before the civil war?

At the height of his shipping career just before the Civil War, Cornelius Vanderbilt took the significant risk of heavily investing in steamship operations, which required substantial capital and resources. This decision involved competing against established shipping lines and navigating the uncertainties of fluctuating market conditions. Additionally, the impending conflict posed threats to trade routes and the stability of the shipping industry, making his investments precarious. Despite these risks, Vanderbilt's bold strategies ultimately positioned him for substantial success in the post-war economy.


When business gains complete control of an industry it is called?

When business gains complete control of an industry it is called a monopoly. In the United States, monopolies are illegal by statute.


What millionare died on the lusitania?

Alfred Gwynne Vanderbilt, sportsman, millionaire and member of the Vanderbilt family - last seen fastening a life vest onto a woman holding a baby.