Econ history paper

Auston Combs and A11dre、 v Wolken

l,EadⅤ Life

a。 Bom on Mtny27dl,1794h⒏ aten Island,New Yo钛

b.Fa1niIy was poor,fauler was feHy boat operator

c.Dropped out ofschool at age Il

d.Wentto wo瓜 for Ⅱs fatller on Ⅱs feny boat La1spo⒒i11g ca呜 o behveen stateIl、 land alldMa11ha仗 all

2.Fenγ serv:Ge

⒏赶 age“ he borro△ved$100加m际 pc△re沁 ωbW惑 鼯 黜 嘿 遄 l∶:渊 f砦?∶lj眷:ts a“pb.Competed h tlle Ⅱ砂uy c。mpetitive feHy service h

G.War ofI812pro访 ded Ⅱm govenuue11t contracts to move suppl忆s bebveen forts aloug Hudson Fuver

d。 EXpallded BllsⅡ 1ess by p町 Cllasing more sGlloouers(feny boats)tq】 ld mn ulem al。 ng茁ferellt routes

e.so【 daⅡ s1tpsin I818

3.steaInboat0Derator a.ParLlered、 ψ1th TllO1nas Gibbons ald beca1ue stea1uboat captah

b.Provided feHv service between New Bnus、vic△ New Jesey and New York City

c Ch盯ged aslime as$l per tr” wllⅡe Ⅱs competitors ch盯 ged aromld s0 d。 ParulersMp△ vas so successml tl⒙tG曲b。ns lvtqs sued for monopol讫 hg Hudson Rher廿amC,Case bro”典

"o supren1e Cou“ ;CⅡbbons、von

4.stea1uboat Em⒍ re

⒊∶{】∶由芗f氵:lil:茁j∶扌::1I1:号:甘:;褴早品;扌 ° :∫漶溆甯:r万:逮颥 s翌瘛 。f

passenger stαuuboats

c,By tlle I840、 he had a neet。 frnore tllan lOO stea:nboats and emp1oyed1nore people than a11y ouler company m ule

UⅡ ted s伍 tes d.Ca⒒ ￡on⒒ a gold nIsh in I849ueces蕊 tated Lavel by ocean△ont east coast to san Francisco

e.Rall虻 ⑾ “Ⅱpsto N忆盯鸭ua in哎ead ofPa11allta hr1a11d crosshg,cu缸 ng dle dis忸 nce by600mⅡes and2days,

redttc血 gh灬 phce by about halfofcompetiu。 11

f Becalne goˉ to se卩沂ce for Lip to Ca⒒ fonlia,eanung hLn around$I:uⅡ Ⅱon per year

5.Rai“ ad ElltreDrelle刂 a,Got血 volved血 I857

b.RaⅡ Travel staIted to grow eXponentia11y in1860

c。 Vallderbilt took adva11tage,purcllased nilroads in New Υo:∷ 1【

d。 NIade l刂 s1nafk;providi11g low佰 res Ⅵ访ul huproved services

6.Move1nent lvestwcTd

a,Due to successin New Yo瓜 ,Vanderbilt purchases muluple milwc.ys b,VaIlderbut’ ss。⒒wiⅡ iam tllell刂 ged him to go to CⅢ cago

c success钆11y∞ mected C“ cago aIld New Yo瓜 by milway

7Eoe War a.Ehe R缸Load olu1ed by Daniel Drew,Va11derbilt olLq1ed m犭 ohty ofsllares

b.hy Gould alld Ⅱm Fisk along wiut D忱 w plo仗ed against VanderbiIt

c,Isslled watered shares ulat va【lderbi⒒ kVt ptlrGhasing

d。 Judge ost【 ed ci忸 uons t。 tlle uree me11;ordered to cotut,evel1mally led to dlem neeing witl1protection

e,Paid orlegislaure in hopes to legaⅡ ze u1e issue ofu1e fratldulent哎ock

∶镏龇t‰曜扌:器脂滗嬲 浦豳馏氍糨瀹器找器$娶耘溜嬲l找笋 mⅡlion

8.LeεacV and Death

a,Passed away in1877at ule age。f82 b,Gave mO11eyto a U11|l1jiv∝ 蕊ty in Tαuesse⒐ later became Va11derbⅡ t

c.$IOO mⅡ ion do11ar fortune鲈 ven to hs son Willia1n

d.Net wodltoday would be$180+bⅡ Ⅱon;makL1g血u ule3rd ricllest AlllericaIl h Ⅲstory