Part one of term paper
was born on May 27, 1794. He was an American Steamship and Railroad builder as well as a financier and promoter. He was born to a poor family and he quit school at eleven. He owned his first business at age sixteen as a transport and freight service. By the war of 1812, the government was contracting him to supply forts around New York a ...

Part two of term paper
... less than a fourth of the going rate and was taken to court in Gibbons vs. Ogden where the supreme court nullified the monopoly New York had given to Fulton and Livingston. After that, Vanderbilt controlled most of the Hudson River shipping. He made himself and Gibbons a fortune. In 1829 he decided to start his own company and he met his biggest rival, Daniel Drew. Vanderbilt eliminated all his competition by lowering his prices to a mere 12 and ½ cent apiece. Next he challenged the Hudson R ...