Vanderbilt Consolidates New York Central Railroad - Creates First Giant Railroad System
In 1867, Cornelius Vanderbilt gained control of the New York Central Railroad after driving down its stock price, then combined it with his New York and Harlem Railroad and Hudson River Railroad to create one of the first giant railroad consolidations in American history. Vanderbilt had entered the …
Cornelius Vanderbilt
New York Central Railroad
Hudson River Railroad
Harlem Railroad
railroad-consolidation
corporate-power
gilded-age
monopoly
infrastructure-capture
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