What does Vanderbilt do to assert his dominance and “bleed” his competitors dry? Does it work?

Answers

Answer 1

Answer:

Cornelius Vanderbilt started his rail empire by borrowing $100 to buy a small ferry boat, he quickly earned the reputation of a shrewd businessman. He always got ahead by any means necessary by hook or crook, it was pretty much win or lose. No middle ground. His single ship quickly became a fleet of ships and he was christened “The Commodore.”

He quickly understood the power of transportation – own the infrastructure and call the shot. At this peak, he does the unthinkable; he sold all his ships and invested in railroads. In today’s speak; he disrupted/reinvented himself/business. He saw the future and was willing to bet everything on it. His decision paid off greatly and he became the richest man in America with a net worth of $68M, which will roughly translate to about $75B today. He would be the 3rd richest man in the world today, just after Buffet.

Then around 1806, tragedy struck! Vanderbilt lost his favourite son, George, in a war. He was devastated. The loss of his child had far-reaching consequences, almost threatening his empire. Vanderbilt’s rivals sensing this, swooped in. They wanted to take the old man out. Vanderbilt sent his other son, William, to carry out a trade negotiation; his rivals laughed him away and sent him back to his father. Vanderbilt, upon hearing this, was very upset. He called his son into a room, pulled out a map and declared ‘‘they want war, I will give them war.’’

Vanderbilt owned the only rail bridge in NYC then; it was the gateway to the country’s largest port and market. He understood this leverage and he wasn’t going to spare anything that will bring his competition to their knees. You don’t mess with Vanderbilt and expect to walk away unscarred. This was an opportunity to teach William what it meant to be a Vanderbilt. Vanderbilt commanded his son to close the bridge, essentially blocking other rail operators access into the country’s biggest port and market.

New York City was a gateway into the continent, with this move, he was asserting his power as the rail king. He said to his son “we are going to watch them bleed.” And bled, they did. The presidents of the rival companies had no option than to sell, their stock holdings were on a free fall. William, sensing another opportunity, came to his dad and informed him about the free fall, Vanderbilt commanded him to buy everything he could. He dealt his rivals a knockout punch. In just days, he bought out all his rivals, creating the largest, single rail company in America.

Vanderbilt wasn’t contented with being the rail king; he wanted the world to know about it. He built the Central depot. It will harmonize Harlem, Hudson and Central, he wanted it in the heart of New York. This rail magnet also pioneered the concept of a hostile takeover. As time passed, he came to the realization that at the end of the day, transportation will be a bigger business than owning railroads.

Explanation:


Related Questions

About what fraction of the
nation came to see Lincoln's
body after he was
assassinated?
A. 1/10
B. 1/3
C. 1/2
D. 3/4

Answers

Answer:

1/3

Explanation:

The correct Option is B) 1/3 t fraction of the nation came to see Lincoln's body after he was assassinated.

What percentage of the population visited Lincoln's body?

As Lincoln lay in state in a series of 12 cities, as many as a million people had a glimpse of his face; another 7 million people, or nearly one-third of the northern population, observed silently as his train passed by with their heads uncovered in sadness.

An estimated 25 million Americans turned out for Abraham Lincoln's memorial services on April 19, 1865, in Washington and other cities.

How was Abraham Lincoln assassinated?

John Wilkes Booth shot Abraham Lincoln in the back of the head with a.44 caliber derringer while he was watching the farce Our American Cousin at Ford's Theatre.

Lincoln talked about a dream he had in which he was assassinated with his friend and biographer Ward Hill Lamon three days before he died, and it is commonly thought that this dream foreshadowed Lincoln's actual assassination.

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PLEASE HELP! WILL GET ZERO!!! THANKS! THIS IS ACTUALLY A MATH PROBLEM NOT HISTORY!!

Answers

Answer:

The answer overall is 5 1/4. It you want an explanation just ask and give brainliest.

Explanation:

What was the major factor that created change in Europe?

Answers

Answer:Increased wealth and interest in other cultures

Explanation:

The Renaissance started in Florence, Italy; due to a large population of wealthy individuals that were able to have disposable income; they spent that money on art. Since people were beginning to spend large sums of money on art, more people became artists and created new art pieces that fueled their culture. In addition to this, different cultures began to interact more. The Gutenberg printing press, although invented in 1440, still had a part in the continuation of the renaissance as it allowed for texts to be created at a more rapid rate

orporations and organizations may not contribute directly to political campaigns. t or f

Answers

Answer:False

Explanation:

Answer:

f

Explanation:

How did the televised debate between Richard Nixon and John F. Kennedy, in 1960, impact the Presidential election?

Answers

Answer:In 1960, John F. Kennedy and Richard Nixon squared off in the first televised presidential debates in American history. The Kennedy-Nixon debates not only had a major impact on the election’s outcome, but ushered in a new era in which crafting a public image and taking advantage of media exposure became essential ingredients of a successful political campaign. They also heralded the central role television has continued to play in the democratic process.

Explanation:

Answer ASAP PLZ!!!! I need help (>~<)

Answers

Answer:

A

Explanation:

I think the answer is A

Answer:

a

Explanation:

its definitely a

what industry did not suffer during the great depression?
a. the farming industry b. the manufacturing industry c. the movie industry d. the banking industry

Answers

Answer:

C

Explanation:

The entertainment industry and alcohol industries were not affected by the great depression.

The industry that did not suffer during the great depression was the movie industry. Hence, Option C is correct.

What was the great depression?

A severe worldwide economic depression began during the time period of 1929–1939. When the stock market crashed on October 29, 1929, on Black Tuesday. The GDP fell by an estimated 15% during 1929 and 1932.

In many countries, its effect lasted until the beginning of World War II. Cities that were dependent on heavy industries were hit hard.

As a result, the movie industry did not suffer during the Great Depression.

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What statement most accurately describes the trend shown in this graph?

Answers

Explanation:

voter turnout is much lower in midterm elections

Give three reasons why the fifth amendment is so important. Include a scenario.

Answers

Answer:

So, we've learned that the fifth amendment protects citizens from possible abuses of power by the government when an individual is charged with a crime. It requires a grand jury to determine whether an individual should be indicted for a crime.

How did the Roman Republic become a dictatorship?

General Sulla was declared leader after a long civil war.
The patricians and senators were defeated by General Sulla.
General Sulla challenged and defeated his opponent in an election.
The plebeians supported General Sulla’s overthrow of the government.

Answers

Answer:

General Sulla was declared leader after a long civil war.

Explanation:

Civil War:

Marius led an army for the plebians.

vs.

Sulla led an army for the patricians and senators.

then...

Sulla won and was dictator.

Answer:

A

Explanation:

got it right on edge

Which item did people in Texas seem most upset about rationing during World War
II?

meat
sugar
canned good
gasoline

Answers

Answer:

meat

Explanation:

During the World War 2 US Government established rationing system, under which Army will be provided with Meat, Sugar, Gas. And Texas seem unhappy with this.

Rationing during World War 2

The War effort consumes many resources which in normal times meant to be distributed in the market for ordinary citizens. US Government although announced during War effort that no American will face shortage of food.

But in Texas situation was different, as it was the base for US millitary, so many food and energy were provided from within Texas, and hence people of Texas were unhappy with the inflation in the essential items like Meat, Sugar, and Gasoline.

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Pennsylvania was established in 1682 as a haven for

Answers

various religious groups fleeing persecution in europe

Which statements about the Watergate scandal are true
Choose all answers that are correct
(A)People working for Nixon's reelection campaign stole documents from Democratie Party headquarters.
(B)More than 50 men in the Nixon administration were convicted of crimes related to Watergate.
(C)Publie outrage over his misdeeds caused Nixon to lose his bid for reelection in 1972.
(D)President Nixon authorized staff members to play dirty, illegal tricks on his political opponents.

PLEASE ANSWER QUICKLY!!

Answers

Answer: b, a,c

Explanation:

Why did the British ship Leopold stop the US Navy ship Chesapeake?

Answers

Answer:

CHESAPEAKE-LEOPARD INCIDENT, one of the events leading up to the War of 1812. On 22 June 1807 off Hampton Roads, Virginia, the American frigate Chesapeake was stopped by the British ship Leopard, whose commander demanded the surrender of four seamen alleged to have deserted from the British ships Melampus and Halifax.

Why was Meroë a key city to the Kingdom of Kush?

Answers

Answer:

It was an important city for smelting iron.

Explanation:

i did the quiz on edge

Answer:

c

Explanation:

Which happened as a result of the American Civil War?
The United States became a poorer country with less industry than it had before the war.
The Untied States wrote a new constitution and system of government.
The United States reformed as two nations.
The United States ended slavery within its borders.

Answers

Answer:

The United States ended slavery within its borders

The United States ended slavery within its borders

a sea route sought by European explorers that
would link the Atlantic Ocean with the Pacific Ocean
a time of major economic changes in Europe,
marked by the growth of mercantilism and capitalism
the exchange of goods, animals, and
diseases between Europe and the Americas
Columbian Exchange
commercial revolution
Northwest Passage

Answers

Answer:

road unsafe Mediterranean sea

Explanation:

Answer: The Columbian Exchange

Explanation: When the Columbian Exchanged happend, the Spanish came and not only gave the Americas many animals like cattle and pigs, but also they gave them new diseases they had never recieved before and this wiped out a great number of people.

Why did the USA feel that it was so crucial to have the first man on the moon? and why were they scared

Answers

Answer:int it because of something with the cold war and space race

Explanation:

They wanted to beat the Soviet Union. They were scared because they thought if the Soviets did it first then they would rule the world.
.......I think

Heyy, i cant figure out which one is the correct answer... I think its (A)but i wanted to make sure
which of the following actions was a result of the Treaty of Moultrie Creek??
A Seminole leader Osceola was arrested.
B The Indian Removal Act was repealed.
C The Seminole moved to a large reservation.
D Most Florida Seminole were removed to the Indian Territory.

Answers

Answer: Really? I think it’s C

Which statement about enslaved Africans in Carolina is true?
A. They were given money to buy food for themselves and their
families
B. They were good farmers who knew how to grow rice successfully,
C. They were forced to abandon their language and culture,
D. They died quickly from diseases carried by mosquitoes,

Answers

Answer: d

Explanation:The yellow fever was a mosquito created disease that came to South Carolina as a result of the African Slave Trade, killing 15% of the population, including officials.

Answer:

They were good farmers who knew how to grow rice successfully. APEX

Explanation: B

Which territory was not acquired in 1898?

Answers

Answer:

The Teller Amendment to the US declaration of war made it impractical for the US to annex the island, unlike Puerto Rico, Guam, and the Philippines.

Explanation:

Answer:

Virgin Island

Explanation:

which of the following describes Catherine Beecher?​

Answers

Answer:

I think its A

Explanation:

EMERGENCY! explain why the sinking of Lusitania and the Zimmerman letter were major contribution for us getting into war

Answers

Answer

i will help you

Explanation:

True/False. Primary data are data that have been collected by someone else and are available to the researcher such as the Internet, books and newspapers or historical documents.

True

False

Answers

Answer:

true

Explanation:

Answer:

true

Explanation:

How might the stagflation of the 1970s been handled more effectively?

Answers

Answer:

Hi there!

Wage Control

In the 1970s, part of the stagflation was caused by rising wages (powerful trade unions). A policy tried was wage control – government intervention to limit wage rises. In theory, limiting wage increases can break the cycle of wage inflation and help to improve the economic situation.

Affects:

Until the 1970s, many economists believed that there was a stable inverse relationship between inflation and unemployment. ... In the 1970s, however, a period of stagflation—or slow growth along with rapidly rising prices—raised questions about the assumed relationship between unemployment and inflation.

1)Monetary policy can generally try to reduce inflation (higher interest rates) or increase economic growth (cut interest rates). ...  

2)One solution to make the economy less vulnerable to stagflation is to reduce the economies dependency on oil.

I hoped this helped. Have a good day!

What test pilot flew the X-1B to Mach 2.3 in December 1954?
a. Captain Charles Yeager
b. Captain Frank Everest
C. Colonel Jackie "Jack" Ridley
d. A. Scott Crossfield

Who was the first person to fly at Mach 3?
a. Captain Milburn Apt
b. Lieutenant Bob Hoover
c. Colonel Jackie "Jack" Ridley
d. Brigadier General Charles Yeager
III
I murded the MASA Distinguished Public Service Medal?

Answers

Answer:

b, a

Explanation:

a quick google search found me the answers

please help gets 19 points and brainliest

Answers

Answer:

C

Explanation:

The first 2 are true, so the correct (false) answer is C.

I'm always happy to help :)

Answer:

C

Explanation: African groups to establish a dictatorship that was more sympathetic to all countries that were ruled by European powers.

Who oppose the Mexican American war

Answers

Answer:

In Ohio, like most Northern states, there was strong opposition to the Mexican War. Many Northern Whig and Liberty Party members believed that Polk only sought the territory acquired from Mexico to extend slavery. Most abolitionists opposed the war and slavery on moral grounds.

Explanation:

i hope this helped

Answer:

Abraham Lincoln

Explanation:

Hope I helped

How does inflation influence purchasing power?

Answers

Answer:

Purchasing power is the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you would be able to purchase.

Explanation:

Inflation reduces the value of a currency's purchasing power, because of effect of an increase in prices.

What is Purchasing power?

Purchasing power serves as the value of a currency which can be stated in term of number of goods or services that one unit of money can buy.

To measure purchasing power , we will need to compare the price of a good or service against a price index .

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how did the border ruffians affect the election in Kansas?

Answers

When elections were held in Kansas Territory, bands of armed Ruffians seized polling places, prevented Free-State men from voting, and cast votes themselves (illegally, since they were Missourians). On November 29, 1854, Border Ruffians elected a pro-slavery territorial representative to Congress.
Hope it helps!!!!!
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