Who was Cornelius Vanderbilt?
I ask the question in my headline because I am quite sure it is a question most Americans can no longer answer, with any firm knowledge. I myself didn’t know who Vanderbilt really was until I read a wonderful biography of him, The First Tycoon: The epic life of Cornelius Vanderbilt by T.J. Stiles, about two months ago.
Beforehand, all I really knew about Vanderbilt was that he had been a big deal somehow in the 1800s, and as a result there was a statue of him on the south side of Grand Central Station in New York, visible only by drivers going past on the overpass that circles the station.
What I learned from Stiles book however was astonishing. Not only did Vanderbilt build Grand Central Station, it was part of a transportation empire he created that by the end of his life covered most of the eastern United States. For Americans in the 1800s, if you needed to get from one place to another, you almost certainly rode on a Vanderbilt steamship or railroad.
Even more interesting to me however were the remarkable similarities in style, approach, and success between the Cornelius Vanderbilt of the 1800s and the Elon Musk of the 2000s. Both focused on taking new technology and making it profitable. Both built their empires on transportation.
And most of all, both focused on the product they were building to make money, not on speculating its value to make a quick buck.
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