The Industrial Age of America is usually given the nickname, the Industrial Revolution.
This era or age, began in 1807 when the very first steamboat voyage was completed and successful. So for a long time, many years, steamboat was the fastest way to travel, if you wanted to get somewhere that was very far for you to ride in a wagon or cart, or a horse, really anything that would be considered “on foot”, you would buy a ticket and ride on a steamboat to get there faster.
But all that changed in the year 1869 when the railroads came around. The railroads were way faster than steamboats, sometimes not even in actual speed, how fast the machine would run, but in how fast they could get you to your destination. Steamboats could only travel on water, so while they were fast, the voyages took way longer than a train would. Trains were able to cut across land and not have to make detours if there wasn’t water in ‘that’ spot.
So when trains came around they blew everything else out of the park. They were not only faster, but also a lot more efficient in traveling long distances.
Cornelius Vanderbilt lived during this ‘revolution’ and was a very important man during this time. He was a self-made millionaire and most powerful person of his day. His story is a great example of “rags to riches”.
The reason he was so rich and successful was because he owned the biggest (as of then) steamboat shipping company. And he was doing great until trains came around. Taking a ‘leap of faith’ or making a rash decision he sold off his steamboats and went into the railroad industry.
Vanderbilt was an amazing man, but like all of us had good and bad character traits. Some of his good traits were these; hard worker, diligent, and he was good at planning and calculating risk. But even with these he still had a few bad traits as well, the biggest one being this; because of his intense desire to be most powerful businessmen resulted in greed and he often treated both his employees and competitors very roughly.